Japan · Delayed Price · Currency is JPY Tokyo Electron Earnings Call Transcripts
Fiscal Year 2026
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Record net sales and net income were achieved for FY ended March 2026, driven by strong AI server and advanced logic demand, with robust field solution growth and major facility expansions. FY2027 guidance points to further sales and profit records, despite margin pressures from inflation and FX.
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Third quarter saw a decline in sales and margins due to shipment timing and product mix, but a strong rebound is forecast for the fourth quarter. Full-year guidance was raised, with record dividends and share buybacks planned, and robust demand expected for AI and advanced semiconductor applications.
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Q2 FY2026 saw strong sales and profit growth, with most results exceeding guidance. FY2026 outlook was raised, driven by robust AI server and memory demand, while capital investments and R&D continue to support long-term growth.
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Q1 saw a sequential decline in sales and profit due to paused customer investments, but field solution sales grew. FY 2026 guidance was revised downward, yet gross profit is expected to exceed JPY 1 trillion, with robust R&D and CapEx plans. Semiconductor demand remains strong, driven by AI and advanced technologies.
Fiscal Year 2025
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Record sales, profit, and margins were achieved, driven by AI and HBM demand, with strong growth in advanced logic and DRAM. Fiscal 2026 guidance anticipates further sales and profit records, continued high R&D and CapEx, and a rising dividend, despite tariff and regulatory uncertainties.
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Semiconductor market growth is projected to accelerate, with the company targeting JPY 3 trillion in sales and 35%+ operating margin by FY2027. Strategic investments in smart production, advanced technologies, and customer engagement aim to drive market leadership and sustainable growth.
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Third quarter results showed strong sequential growth in sales, profit, and margins, driven by AI-related and Chinese market investments. Fiscal 2025 is projected to set new records in sales and profit, with robust outlooks for DRAM, NAND, and Field Solutions segments.
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Q2 FY2025 saw net sales rise 2.1% sequentially to JPY 566.5B, with net income down 6.7%. FY2025 guidance was raised, projecting 31% year-over-year sales growth, record profits, and increased dividends, driven by robust AI and advanced memory demand.
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Q1 FY2025 saw sequential growth in sales, profit, and margins, driven by strong AI and memory demand. Full-year guidance was raised, with record-high R&D, CapEx, and total return planned. China sales are expected to decline as advanced logic and memory investments accelerate globally.