Soitec Shares Climb on JPMorgan Upgrade, Photonics Outlook

By EC Assets · Published 16 September 2026

Soitec shares surged following a significant upgrade from JPMorgan, which also doubled its price target for the company. The semiconductor materials firm has garnered increased investor interest due to strengthening demand for its silicon photonics technology. Soitec's stock gained 6% on Monday and has risen 50% over the last five trading sessions. JPMorgan upgraded Soitec's stock, citing a boom in photonics. The firm doubled its price target, indicating a strong positive outlook. Soitec is a near-monopoly in engineered wafers. The company recently reported first-quarter results and provided an update on silicon photonics. Silicon photonics demand appears strong, leading to a bullish investor outlook for this segment. Soitec has also qualified its Singapore fab for high-volume photonics silicon-on-insulator (SOI) production. Soitec is tying customers into multi-year supply agreements. These agreements involve deposits and fixed supply commitments for AI wafer demand. The company's mobile and industrial segments are experiencing a bottoming out as inventory corrections advance. Bulls and bears generally agree on Soitec's fiscal year 2027 revenue, estimated at approximately €630 million. However, they diverge sharply on other aspects. While silicon photonics demand is real, execution and conversion represent the true test for Soitec. This article is intended for informational purposes only. It does not constitute investment advice.