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Home/Stocks/IQE.L
LSE · UK · Semiconductor Equipment & Materials

IQE.L IQE

Compound-semiconductor epitaxial wafers

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Laser Chips for Optics (InP) · 82
Last close (delayed) · 2026-10-26
34.75p
−1.70% today
1W
−12.5%
1M
−25.1%
3M
−13.9%
YTD
+595.0%
1Y
+473.4%
Off 52w high
−44.8%
Market cap£4.71M≈ $6.29M
P/E (trailing)—Forward -169.9
EV / sales3.3×EV/EBITDA -159.4×
Revenue (TTM)£117MGrowth 42.7% y/y
Margins5.8%gross · op -9.2%
Free cash flow-£1.27MCash £41.60M · debt £53.94M
Analyst target59.67p+71.7% upside · 3 analysts · none
Riskβ 2.19Short — of float

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

IQE.L · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

0 events

No dated commentary yet for this stock.

Latest headlines

Auto-updated daily

About IQE

Website ↗

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, as well as for photonics market, that includes applications that transmit and sense visible and infrared lights. It also provides advanced semiconductor materials related to silicon. The company operates in the United States, rest of the Americas, France, Germany, Israel, the United Kingdom, rest of Europe, the Middle East, Africa, the People's Republic of China, Japan, Taiwan, and rest of the Asia-Pacific. The company was founded in 1988 and is headquartered in Cardiff, the United Kingdom.

460 employees · Cardiff, United Kingdom

Laser Chips for Optics (InP)

82

The scarce part of an 800G/1.6T link is often the laser — EML and CW lasers grown on indium-phosphide wafers that few fabs can make at volume.

InP substrate→Epitaxy→EML / CW laser→Module

What would prove us wrong. Weakens if laser ASPs fall sharply while transceiver volumes rise — the choke would have moved.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
LITE
Lumentum
EML and CW lasers for 800G/1.6T $834.8+10.40%−11.3%+126.5%
COHR
Coherent
Lasers, InP capacity and optical transceivers $224.3+7.18%−24.2%+21.5%
AXTI
AXT Inc
InP and GaAs substrates $57.20+9.83%−27.5%+249.8%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.