IQE, the London‑listed supplier of semiconductor materials, posted a 43% increase in first‑half revenue, reaching £64.6 million compared with £45.3 million a year earlier. The growth was powered by heightened demand from artificial‑intelligence and data‑centre customers.
The photonics division posted a 45% revenue jump to £38.5 million, while the wireless segment grew 40% to £26.0 million. Both lines benefited from market‑share gains and higher sales on newly qualified platforms.
Adjusted EBITDA turned positive at £6.0 million, reversing a £0.4 million loss in the prior period. Management attributed the improvement to stronger top‑line performance, better utilisation of manufacturing capacity and a more favourable product mix.
Following the release, IQE shares rose 4.11% to 49.40 pence in early London trading, outpacing the FTSE 100, which was expected to open flat after a 0.4% decline on Friday.
Looking ahead, the company kept its 2026 revenue growth target of more than 30% and expects adjusted EBITDA to reach the low‑teens of millions of pounds. IQE also announced plans to expand its indium phosphide capacity in the second half of the year to satisfy ongoing AI and data‑centre demand.
Management highlighted additional upside from optical‑communication solutions for data‑centre and AI infrastructure, supported by recently signed supply agreements. The outlook reflects confidence that the AI‑driven market tailwinds will continue to boost the firm’s semiconductor materials business.
