IQE Sees AI Data Center Demand Driving 2026 Profit Growth
The British semiconductor wafer maker expects 2026 revenue to increase by 20 percent as artificial intelligence infrastructure compensates for a challenging year in the mobile handset market. Despite rising raw material costs and recent supply shortages, the company anticipates annual profits will reach the high-single to low-double-digit millions.
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IQE PLC expects AI data center demand to drive 2026 profit growth following a 60% decline in annual adjusted core profit. The United Kingdom semiconductor wafer maker reported adjusted core profit of £3.2 million for 2025. This outlook signals a recovery as high-performance computing infrastructure offsets weakness in the mobile handset market.
