Tokyo Electron H1 Net Income Jumps 56% on AI Demand, Forecasts 50.6% Full-Year Growth

Tokyo Electron Ltd. (8035.T) reported first-half fiscal 2026 net income attributable to owners rose 56% to ¥376.93 billion, or ¥165.59 per share, from ¥241.63 billion, or ¥105.12 per share, a year earlier, driven by AI-related demand. Operating income climbed 67.2% to ¥506.78 billion, while net sales grew 41.3% to ¥1.67 trillion from ¥1.18 trillion. The semiconductor equipment maker attributed growth to increased demand for data-center AI servers and higher capital investment in AI-related production equipment. For the full year, the company forecasts net income of ¥865 billion, up 50.6%, with basic EPS of ¥381.69. Net sales are estimated at ¥3.7 trillion, up 51.4%, and operating income at ¥1.169 trillion, up 87.1%. Shares closed 5.19% lower at ¥9,514.0 on the Tokyo Stock Exchange.