Tokyo Electron lifts profit forecast on chipmaking equipment demand
30/07/2026 10:04
Tokyo Electron lifts profit forecast on chipmaking equipment demand TOKYO, July 30 (Reuters) - Tokyo Electron 8035.T hiked its operating profit forecast for the first half of the financial year by 6% on Thursday as investment by chipmakers drives demand for its equipment.
Tokyo Electron expects operating profit to rise by 51% to 458 billion yen ($2.80 billion) in six months to September 30.
The average forecast from analysts polled by LSEG was for operating profit of 439 billion yen for the same period.
Tokyo Electron reported operating profit of 211 billion yen in the three months to June 30, up 46% year on year.
($1 = 163.5900 yen)
(Reporting by Sam Nussey, Editing by Louise Heavens)
((sam.nussey@tr.com;))
Recent news on Tokyo Electron
See all newsGlobal Markets: Stocks drop as Meta dampens AI optimism; Treasury yields fall
Global Markets: Stocks fall as Meta dents AI optimism; French bonds under fire
Global Markets: Stocks fall, bonds gain as Meta dents tech optimism
Global Markets: Asian stocks sink to 3-month low on tech angst, Gulf tensions
Japan's Nikkei slips as chip shares pressured by AI capex caution