Advantest Expects 6% Profit Growth on AI Chip Test Demand | Hardware restaurant | 3 components of computer hardware | Cpu hardware examples | Turtles AI

Advantest expects 6% growth in operating profit in the next fiscal year, supported by demand for chip test tools used in AI applications. Despite global economic uncertainty, the Japanese company maintains a positive outlook, with operating profit forecast at 242 billion yen.

Key points:

• Operating profit forecast of 6% growth in the next fiscal year.
• Growing demand for chip test tools used in AI applications.
• Operating profit of 228.2 billion yen for the fiscal year ended March 31.
• Share repurchase program worth up to 70 billion yen.

Advantest, a Japanese semiconductor test equipment manufacturer, has announced an operating profit forecast of 6% growth in the current fiscal year, supported by growing demand for chip test tools used in AI intelligence applications. CEO Douglas Lefever stressed a cautious approach given the global economic uncertainties, but confirmed a positive outlook for the next fiscal year.

For the fiscal year ended March 31, Advantest reported a significant increase in operating profit, reaching 228.2 billion yen, up from 81.6 billion yen a year earlier. Demand for chip testing tools used in AI applications contributed substantially to the result. The company expects operating profit of 242 billion yen for the next fiscal year.

Despite the global economic uncertainties, Advantest announced a share repurchase program worth up to 70 billion yen, as part of its strategy to return value to shareholders. The company’s shares closed up 4.6% ahead of the results release, but have fallen about 33% since the beginning of the year.

In summary, Advantest is set for a positive fiscal year, with operating profit growth forecast to be supported by demand for chip test equipment used in AI applications. The company maintains a positive outlook, despite global economic uncertainties, and has announced a share repurchase program as part of its strategy to return value to shareholders.

Advantest’s focus on innovation and adapting to emerging trends in the technology industry continues to position it as a key player in the semiconductor test equipment market.