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Tokyo Electron forecasts an 87% profit jump and sees "no signs" of AI demand slowing
Tokyo Electron, the Japanese chip-equipment maker, forecast of 1.169 trillion yen, about $7.4 billion, for the year to March, up 87%, with revenue of 3.7 trillion yen. Bloomberg puts the analyst at 1.03 trillion yen. The company also announced a of up to 150 billion yen. "At present, there are no signs that this is slowing down," said finance chief Hiroshi Kawamoto.
The companies that build chip factories keep raising forecasts while the companies buying the chips are being sold. An analyst at MST Financial told Reuters that "doubts over the Anthropic , AI financing and wider AI adoption are holding back investors." SourcesBB
Sources
- BTokyo Electron sees robust profit growth amid jitters over AI returns (Reuters, syndicated)1027wbow.com
- BTokyo Electron's Outlook Beats Estimates While AI Spending Grows (Bloomberg)bloomberg.com
This story ran in the Morning Brief of October 30th 2026.