IQE raises sales growth forecast on AI and data centre demand
Stronger demand from AI infrastructure and data centres is pushing UK chip wafer maker IQE to improve its outlook for 2026. The company says first-half trading beats expectations across its core businesses, with support also coming from aerospace, defence, 3D sensing and wireless products.
Highlights
- IQE raised its 2026 revenue growth forecast to above 30%, up from 20%, after stronger-than-expected first-half trading.
- First-half revenue is expected to be at least £64 million (about $86 million) and core profit will reach the low-teens millions of pounds.
- Accelerated demand for Indium Phosphide solutions in AI infrastructure and data centres, plus aerospace and 3D sensing, drives the upgraded outlook.
Upgraded outlook after stronger first half
As reported by Reuters, IQE on Tuesday lifted its 2026 revenue growth forecast to above 30%, up from a previous outlook of 20%, after stronger-than-expected trading in the first half.The semiconductor wafer maker says core profit is now expected to reach the low-teens millions of pounds. It also expects first-half revenue of at least 64 million pounds, equivalent to about $86 million, after performance across all core businesses exceeds management expectations.
AI infrastructure drives semiconductor demand
IQE says demand for its Indium Phosphide solutions accelerates in the first half and remains strong through the rest of the year. The products are a key component in optical photonic applications used in AI infrastructure and data centres.The improved forecast is also supported by strength in aerospace and defence, alongside robust demand for 3D sensing and wireless products. The update underscores how investment tied to AI computing capacity is continuing to benefit suppliers in the semiconductor materials chain.
In our earlier article on AMD’s expanded partnership with Microsoft, we highlighted how deploying the Helios rack AI system and rolling out EPYC-powered Azure virtual machines reinforced AMD’s position in next-generation AI infrastructure. We also noted that, despite upbeat earnings, the stock’s near-term setup looked mixed as traders watched key resistance and support levels for confirmation of the next move.
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