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  • Soitec estimates that the size of its addressable markets will increase 2.5fold by fiscal year 2025-2026.
  • Market growth will be driven by multiple waves of technological change that will shape a more connected, energy-efficient and smarter world.
  • At the heart of these changes, Soitec is targeting to triple its revenue over the next five years and to deliver an Electronics1 EBITDA2 margin of around 35%.
  • Soitec reiterates its commitment to make sustainable development a central part of its value creation strategy.

Bernin (Grenoble), France, June 10, 2021 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, is today hosting its 2021 Capital Markets Day. Chief Executive Officer Paul Boudre, accompanied by the Group’s management team, will unveil his vision of the likely future development of the semiconductor market, along with his operational roadmap for harnessing the untapped potential in each of Soitec’s three end markets (mobile communications, automotive and industry, and smart devices). He will also unveil the Group’s financial objectives for 2026, which are a tangible reflection of its robust, profitable, and sustainable growth trajectory begun five years ago.

Paul Boudre, Soitec’s Chief Executive Officer:

“As a recognized key technology player in the semiconductor industry, Soitec is ideally placed to capitalize on a new phase of unprecedented technological change that will continue to revolutionize applications, both home and industrial, personal and professional. Thanks to our early-stage involvement in roadmaps for the development of new electronic equipment and applications, Soitec is increasingly instrumental in the design of these products, which allows us to create whole ecosystems based on the use of our engineered substrates.

This model obviously gives us a clear view of the growth outlook for our addressable markets, and especially of the decisive role that our substrates are playing in driving the burgeoning momentum in our end markets, whether it be mobile communications, automotive and industry, or smart devices. In light of the increasing number of applications and ever larger material foortprint for each product and application, we are confident in the ability of our organization to scale up further over the next five years. We are targeting to triple our revenue over this period, while growing our EBITDA margin by more than four percentage points. Our solid financial position also gives us the means to expand our production capacities to keep pace with this growth push.

Lastly, we are determined that this process of value creation will be part of our wider sustainability strategy at all levels of our organization. Thanks to products that offer ever greater energy efficiency, Soitec is directly supporting the transition to a more sustainable business model, which is increasingly demanded by our customers and by society as a whole. We are intent on creating an inclusive organization that is capable of attracting, developing and retaining top talent, and on nurturing long-lasting, mutually beneficial relations with all of our stakeholders.”

After having delivered a 2.5-fold increase in its revenue over the past five years, Soitec is looking ahead to the next five years from its position as a recognized leader in innovative semiconductor materials. With key roles in the widescale roll-out of 5G technology and the fast-paced adoption of technological megatrends such as electric vehicles and artificial intelligence, the Group has laid the foundations for its future growth.

Since its 2019 Capital Markets Day, Soitec has made significant progress in many different areas, including signing new long-term procurement contracts with major customers, ramping up a new Piezoelectric-on-Insulator (POI) substrate production facility for RF filters used in smartphones, contributing to the adoption of FD-SOI substrates through Dolphin Design, and advancing with its R&D programs focused on new materials such as gallium nitride (GaN) epitaxial substrates and new-generation silicon carbide (SiC) substrates.

From an operational perspective, Soitec has continued to invest in its human capital and industrial capacity both at Bernin and in Singapore, in order to keep pace with its customers’ needs and support the Group’s growth.

From a business perspective, the Group has seen organic revenue growth of almost 30% over the past two years, despite the economic slowdown caused by the health crisis.

Soitec estimates that growth on its addressable markets over the next five years will continue to accelerate, from around three million substrates to over seven million substrates by 2026. In this bullish environment, Soitec will benefit from the main fabless and OEM manufacturers adopting its advanced technologies in the mobile communications, automotive and industry, and smart devices segments. By continuing to strengthen its foothold on these three end markets, which are expected to prove major drivers of the global economy over the next five years, Soitec is aiming to triple its revenue to around US$2 billion by fiscal year 2025-2026.

The Group also expects to see its EBITDA margin widen from 30.7% at the end of March 2021 to around 35% by 2026, driven by an operational leverage effect but also by products with higher added value. Thanks to its solid financial structure, the Group will also increase its capital spending to support its growth and strategic priorities, with a five-year capital expenditure program worth some €1.1 billion.

Financial outlook

  • For fiscal year 2025-2026, Soitec is targeting revenue of approximately US$2 billion and an Electronics2 EBITDA margin1 of around 35% based on a EUR/USD exchange rate of 1.20.

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Soitec will host its Capital Markets Day as a virtual conference today in English at 2:00 p.m. Paris time. You can access the livestream or a replay at the following address:

If you intend to follow the Capital Markets Day, we invite you to please register yourself on the company’s website at the following address:

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First-quarter 2021-2022 revenue: July 21, 2021 (after trading).

Shareholders’ General Meeting: July 28, 2021.

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This document is provided by Soitec (the “Company”) for information purposes only.

The Company’s business operations and financial position are described in the Company’s 2019-2020 Universal Registration Document (which notably includes the 2019-2020 Annual Financial Report) and in the Company’s 20202021 half-year report published on November 19, 2020. The Company’s 2019-2020 Universal Registration Document was filed with the AMF. Both the 2019-2020 Universal Registration Document and the 2020-2021 half-year report are available on the Company’s website in both French and English (, in section “Company – Investors – Financial reports”).

Your attention is drawn to the risk factors described in section 2.2 of the Company’s 2019-2020 Universal Registration Document.

This document contains summary information and should be read in conjunction with the 2019-2020 Universal Registration Document and the 2020-2021 half-year report.

This document contains certain forward-looking statements. These forward-looking statements relate to the Company’s future prospects, development and strategy and are based on analyses of earnings forecasts and estimates of amounts that are not yet determinable. By their nature, forward-looking statements are subject to a variety of risks and uncertainties as they relate to future events and are dependent on circumstances that may or may not materialize in the future. Forward-looking statements are not a guarantee of the Company’s future performance.

The Company’s actual financial position, results and cash flows, as well as the trends in the sector in which the Company operates, may differ materially from those contained in this document. Furthermore, even if the Company’s financial position, results and cash flows, and the developments in the sector in which the Company operates, were to be consistent with the forward-looking statements contained in this document, such elements cannot be construed as a reliable indication of the Company’s future results or development.

The Company does not assume any obligation to update or correct any forward-looking statement in order to reflect an event or circumstance that occurs after the date of this document. In addition, the occurrence of any of the risks described in section 2.2 of the 2019-2020 Universal Registration Document may have an impact on these forwardlooking statements.

This document does not constitute or form part of an offer or a solicitation to purchase, subscribe for or sell the Company’s securities in any country whatsoever. This document, or any part thereof, may not form the basis of, or be invoked in connection with, any contract, commitment or investment decision.

Notably, this document does not constitute an offer or solicitation to purchase, subscribe for or sell securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”). The Company’s shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company’s securities in the United States.

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About Soitec

Soitec (Euronext, Tech 40 Paris) is a world leader in the manufacture of innovative semiconductor materials. It uses its unique technologies to serve the electronics markets. With more than 3,500 patents worldwide, Soitec’s strategy is based on disruptive innovation to meet its customers’ needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the United States and Asia.

Soitec and Smart Cut are registered trademarks of Soitec.

For more information, please visit and follow us on Twitter: @Soitec_EN

Investor relations:

Steve Babureck
+33 6 16 38 56 27 
+65 9231 9735
[email protected]




Media contacts:


Isabelle Laurent
+33 1 53 32 61 51 [email protected]


Fabrice Baron
+33 1 53 32 61 27
[email protected]

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Soitec is a French joint-stock corporation with a Board of Directors (société anonyme à conseil d’administration) with share capital of €66,557,802.00, having its registered office located at Parc Technologique des Fontaines – Chemin des Franques – 38190 Bernin (France), and registered with the Grenoble Trade and Companies Register under number 384 711 909.

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1 Electronics EBITDA margin = EBITDA from continuing operations divided by revenue.
2 EBITDA represents operating income (EBIT) before depreciation, amortization, non-monetary items related to share-based payments, and changes in impairment of current assets and provisions, and excludes income on asset disposals. EBITDA is an alternative, non-IFRS performance indicator used to measure the Group’s ability to generate cash from its operating activities. EBITDA is not defined by an IFRS standard and must not be considered an alternative to any other financial indicator.


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