### @SOI — Confirmed — from the full-year results for the period ended March 2026
let's say we sit at the cyclical bottom, of course - revenue fell thirty-four percent to five hundred ninety-two million euros, gross margin compressed to sixteen-three from thirty-two-one on low fab loading, net loss two twenty million including roughly one-oh-five non-recurring impairments; the balance sheet held, free cash flow positive sixty-three million, net debt to ebitda zero-four-x, and the mobile leg, fifty-two percent of revenue, is mid-correction step by step we don't know exactly when it clears an assumption we share with you most of us is not an AI story of course
- tier: Confirmed (✓)
- source: SOI / Most of the company is not an AI story - and it is in a trough
- receipt: https://ticker.thevixguy.com/p/p-day-20260810-soi-src-soi-cyclical-trough-rotation
- posted: 2026-08-10T23:30:49.295Z