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moves money Tech-Economic Times July 21, 2026

Chipmaker IQE raises annual sales growth forecast on AI, data centre demand

Chipmaker IQE raises annual sales growth forecast on AI, data centre demand
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IQE has raised its full-year revenue growth forecast significantly. IQE upgraded its 2026 revenue growth ​forecast to above 30%, from 20% previously and said core profit ​would reach the low-teens ⁠millions of ‌pounds. The improved outlook ‌was supported by strength in the aerospace and defence ​market ​alongside robust ⁠demand for 3D sensing and wireless products.

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