AI computing power capital expenditure is booming; Tokyo Electron's second-quarter net profit rose 26.7% and it announced a ¥150 billion buyback

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AI computing power capex is red-hot! Tokyo Electron posts strong growth and implements a 150 billion yen buyback

Cailian Press Liu Rui, Editor Lin Qi 2026-10-30 17:52

① Tokyo Electron's net profit attributable to owners in the second fiscal quarter rose 26.7% year-on-year to 104.78 billion yen, while revenue rose 20.9% year-on-year to 588.5 billion yen; ② The company raised its full-year performance forecast and announced a 150 billion yen share buyback plan.

Cailian Press, October 30 (Editor Liu Rui) — On Friday afternoon this week, Japanese semiconductor equipment maker Tokyo Electron released its second fiscal quarter results.

According to the financial report, as the global expansion of investment in AI servers and data center infrastructure drove stronger demand for semiconductor equipment, the company's second fiscal quarter results grew rapidly; the company raised its full-year performance forecast and announced a 150 billion yen share buyback plan.

Tokyo Electron reports strong results

The financial report shows that in the second fiscal quarter of this year (ended September 30), the company's net profit attributable to owners rose 26.7% year-on-year to 104.78 billion yen, while revenue rose 20.9% year-on-year to 588.5 billion yen.

In the first half of the fiscal year ended September, the company's revenue rose 41.3% to 1.67 trillion yen, operating profit surged 67.2% to 506.78 billion yen, and net profit attributable to owners rose 56% to 376.93 billion yen.

Tokyo Electron said first-half results exceeded previous expectations: revenue was 2.9 percentage points higher than expected, operating profit was 10.6 percentage points higher, and net profit attributable to owners was 8 percentage points higher.

The company also issued its first full-year performance guidance for fiscal 2027 (ending at the end of next March), forecasting full-year revenue of 3.7 trillion yen, operating profit of 1.169 trillion yen, and net profit attributable to owners of 865 billion yen, all of which would hit record highs. The company said the forecast is based on the continued expansion of demand for data center AI servers and customers increasing investment in semiconductor production equipment.

"In our various communications with customers, they have shown very strong interest," Tokyo Electron Chief Financial Officer Hiroshi Kawamoto said at the earnings briefing. "There are currently no signs that this trend is slowing."

Alongside the improving results, Tokyo Electron also approved a share buyback plan of up to 150 billion yen, with the buyback period running from November 1, 2026 to March 31, 2027.

After implementing a 1-for-5 stock split effective October 1, Tokyo Electron adjusted its year-end dividend forecast to 108 yen per share. On a pre-split basis, the expected year-end dividend is 540 yen per share; combined with the interim dividend of 415 yen, the full-year expected dividend totals 955 yen per share.

Year to date, Tokyo Electron has risen 38.6% cumulatively in the Japanese stock market. However, over the past month, as concerns about the AI outlook intensified in global markets, the company's share price fell 19.48%.

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Cailian Press statement: The content of this article is for reference only and does not constitute investment advice. Investors who act on it do so at their own risk.

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