Fanuc (6954) Q2 2027 earnings summary

Executive summary

• H1 FY2026 net sales rose 16.2% YoY to ¥473,708 million; operating income increased 35.7% to ¥116,662 million and parent-attributable net income rose 41.0% to ¥112,576 million.

• Q2 net sales rose 14.9% YoY to ¥242.7B; operating income increased 45.1% to ¥63.2B and net income 46.7% to ¥61.6B.

• Robust capital investment demand supported sales growth across all four divisions; FY2026 guidance was raised across sales and income measures.

Financial highlights

• H1 ordinary income rose 38.1% to ¥149,045 million; gross profit was ¥193,694 million versus ¥155,608 million a year earlier.

• H1 operating income ratio was 24.6%, up 3.5 points YoY; net income ratio was 23.8%, up 4.2 points.

• Q2 cost of sales was 57.7% of sales versus 62.6% a year earlier; operating income was 26.0% of sales versus 20.6%.

• Q2 operating income increased ¥9.7B QoQ: revenue added ¥10.5B, while SG&A and other factors reduced income by ¥1.8B and ¥1.9B.

Outlook and guidance

• FY2026 forecast: net sales ¥1,013,700 million, operating income ¥240,700 million, ordinary income ¥308,800 million and parent-attributable net income ¥228,300 million.

• Versus the July 31 forecast, estimates increased 6.9% for sales, 10.4% for operating income, 13.9% for ordinary income and 15.3% for net income.

• Forecast operating and net income margins are 23.7% and 22.5%; sales are expected to exceed ¥1T for the first time and surpass the FY2025 record.

• Forecast EPS is ¥246.01; assumed October 2026–March 2027 exchange rates are ¥150 per US dollar and ¥175 per euro.