Investing.com --Tokyo Electron (TYO:8035) reported stronger second-quarter earnings on Friday as expanding investment in AI servers and data-centre infrastructure boosted demand for semiconductor equipment, while the company introduced an upbeat full-year forecast and announced a ¥150 billion share buyback.
For the second quarter, net income attributable rose 26.7% year on year to ¥104.78 billion in the July-September quarter, while revenue increased 20.9% to ¥588.50 billion.
For the six months ended September, revenue advanced 41.3% to ¥1.67 trillion, while operating income surged 67.2% to ¥506.78 billion. Net income attributable increased 56% to ¥376.93 billion.
The Japanese chip equipment maker said first-half results exceeded its previous forecasts, with revenue beating estimates by 2.9%, operating income by 10.6% and attributable net income by 8%.
The company introduced its first full-year forecast for fiscal 2027, expecting revenue of ¥3.7 trillion, operating income of ¥1.169 trillion and net income attributable of ¥865 billion.
The outlook reflects expanding demand for AI servers used in data centres, alongside increased customer investment in semiconductor production equipment.
The company also approved a share repurchase programme of up to ¥150 billion. The buyback will run from November 1, 2026, through March 31, 2027.
Tokyo Electron revised its year-end dividend forecast to ¥108 per share following a five-for-one stock split effective October 1.
On a pre-split basis, the expected year-end dividend is ¥540 per share, bringing the projected full-year dividend to ¥955 per share, including the interim payment of ¥415.
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