TOKYO (Reuters) -Japan’s Advantest on Tuesday hiked its operating profit forecast for the year ending March 2026 by 25% to 374 billion yen ($2.48 billion) as spending on artificial intelligence drives demand for its chip testing equipment. “We have grown confident that the favourable business environment, supported by the ongoing build-out of global AI data […]
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Advantest hikes profit forecast by 25% on AI boost
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TOKYO (Reuters) -Japan’s Advantest on Tuesday hiked its operating profit forecast for the year ending March 2026 by 25% to 374 billion yen ($2.48 billion) as spending on artificial intelligence drives demand for its chip testing equipment.
“We have grown confident that the favourable business environment, supported by the ongoing build-out of global AI data centre infrastructure, will continue,” CEO Douglas Lefever told an earnings briefing.
Operating profit rose 71% to 108.4 billion yen in the July-September quarter compared to a year earlier, with the company raising its mid-term plan financial targets as AI-related investment boosts the industry.
($1 = 150.7800 yen)
(Reporting by Sam Nussey; Editing by Himani Sarkar and Christian Schmollinger)