As flagged in its post-close trading update, IQE’s FY18 performance was severely affected by a short-term dip in production for one of its volume VCSEL programmes. While this does not affect the medium-term prospects for photonics growth, which are based on multiple VCSEL opportunities, management has downgraded FY19 guidance, primarily reflecting short-term softness in the handset market, which it expects will recover during H219. We cut our FY19 EPS estimate by 40%.
27 Mar 2019
IQE - Getting ready for more VCSEL ramp-ups
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IQE - Getting ready for more VCSEL ramp-ups
IQE plc (IQE:LON) | 20.9 0 0.0% | Mkt Cap: 200.7m
- Published:
27 Mar 2019 -
Author:
Anne Margaret Crow -
Pages:
7
As flagged in its post-close trading update, IQE’s FY18 performance was severely affected by a short-term dip in production for one of its volume VCSEL programmes. While this does not affect the medium-term prospects for photonics growth, which are based on multiple VCSEL opportunities, management has downgraded FY19 guidance, primarily reflecting short-term softness in the handset market, which it expects will recover during H219. We cut our FY19 EPS estimate by 40%.