IQE is trading 12% up at £40.44 after hiking its full-year revenue growth guidance on the back of stronger AI and data-centre demand.
- The company’s trading update revealed a first-half revenue beat and a new forecast for more than 30% growth in 2026.
- Growth is being driven by accelerating Indium Phosphide photonics demand, aerospace and defence strength, and robust 3D sensing and wireless markets.
- Investors are rewarding the positive outlook and improved guidance with a sharp re-rating of the stock.