UK Chipmaker IQE Raises Annual Sales Growth Forecast on AI and Data Centre Demand

Photo Credit:  Reuters 

 UK semiconductor wafer maker IQE has raised its full-year revenue growth forecast following stronger-than-expected first-half trading. IQE said the upgraded outlook reflects rising demand for semiconductor products used in AI infrastructure and data centres.

Key Financial Details

• Upgraded Forecast: IQE upgraded its 2026 revenue growth forecast to above 30%, up from 20% previously.

• Profit Metrics: The company stated that core profit would reach the low-teens millions of pounds.

• First-Half Revenue: IQE expects first-half revenue of at least £64 million ($86 million), noting that trading during the first half exceeded management expectations across all core businesses.

• Growth Drivers: The company said the improved outlook was supported by accelerated demand for Indium Phosphide solutions—used in optical photonics for AI infrastructure and data centres—alongside strength in the aerospace and defence market, and robust demand for 3D sensing and wireless products.

Reporting Notes & Transparency

• Reporting Basis: This article is based on Reuters' reporting of IQE's trading update and company disclosures

• https://www.reuters.com/world/uk/chipmaker-iqe-raises-annual-sales-growth-forecast-ai-data-centre-demand-2026-07-21/