Japan’s Tokyo Electron set its fiscal-year operating profit outlook at ¥1.17 tln (about $7.4 bln) for the year to March, above analyst consensus of ¥1.03 tln and implying 64% YoY growth. Q3 (July–Sept) operating profit rose to ¥295.4 bln versus consensus ¥256.1 bln. The company said orders are increasing as chipmakers including Samsung and TSMC accelerate capex to meet AI hardware demand, and that investment could exceed prior expectations. Tokyo Electron also cited rising demand tied to project

Japan’s Tokyo Electron set its fiscal-year operating profit outlook at ¥1.17 tln (about $7.4 bln) for the year to March, above analyst consensus of ¥1.03 tln and implying 64% YoY growth. Q3 (July–Sept) operating profit rose to ¥295.4 bln versus consensus ¥256.1 bln. The company said orders are increasing as chipmakers including Samsung and TSMC accelerate capex to meet AI hardware demand, and that investment could exceed prior expectations. Tokyo Electron also cited rising demand tied to projects such as Elon Musk’s Terafab.