Lasertec (6920) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 net sales rose 47.5% year-over-year to JPY 54.2 billion, driven by strong semiconductor-related product demand, especially for GPUs and HBM used in AI servers for data centers.

• Operating income increased 67.9% year-over-year to JPY 26.7 billion, and net income attributable to owners of parent surged 113.4% to JPY 19.1 billion.

• Comprehensive income reached JPY 19.2 billion, up 182.9% year-over-year.

Financial highlights

• Semiconductor-related product sales grew 62.6% year-over-year to JPY 41.7 billion, while services increased 22.5% to JPY 12.2 billion; other products declined 80.2%.

• Gross profit margin was 60.6%, with gross profit at JPY 32.8 billion.

• Operating profit margin was 49.3%.

• R&D expenses increased 41.4% year-over-year to JPY 3.1 billion.

• Capital expenditure for the quarter was JPY 411 million, up 38.0% year-over-year.

Outlook and guidance

• Full-year FY2026 forecast maintained: net sales JPY 200 billion, operating income JPY 85 billion, net profit JPY 60 billion, and net income per share projected at JPY 665.75.

• Orders are expected to start recovering gradually from calendar year 2026.