we sit at a cyclical bottom, of course – revenue fell 34% to 592 million euros, gross margin compressed to 16.3% from 32.1% a year earlier on low fab loading, and we posted a net loss of 220 million euros, including roughly 105 million of non‑recurring impairments. roughly 52% of our revenue is RF‑SOI for mobile, mid‑way through a customer inventory correction, step by step. the balance sheet held: free cash flow positive 63 million euros and net debt to EBITDA at 0.4x, and we should not be read as an AI pure‑play, of course.
← stream@SOI solid