Japan · Delayed Price · Currency is JPY Tokyo Electron Earnings Call Transcripts
Fiscal Year 2026
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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 expected in the fourth quarter. Full-year guidance was raised, with record-high dividends and share buybacks planned, supported by robust demand in AI and leading-edge semiconductors.
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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 sequential declines in sales and profit due to paused customer investments, but field solution sales grew. FY 2026 guidance was revised downward, reflecting delayed customer CapEx, though semiconductor demand and R&D investment remain strong.
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 new products aim to boost market share and profitability, while shareholder returns remain robust.
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Third quarter results showed strong sequential growth in sales, profit, and margins, with all key metrics achieving record or near-record levels. Full-year guidance remains robust, driven by AI and advanced semiconductor demand, despite regulatory and regional uncertainties.
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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 R&D and CapEx planned, while China sales are expected to decline in the second half as investments are pulled forward.