Lasertec (6920) Q2 2026 earnings summary

Executive summary

• Net sales for H1 FY2026 were JPY 128.3 billion, nearly flat year-over-year amid economic uncertainty and strong semiconductor demand driven by AI investments.

• Operating income for H1 was JPY 63.0 billion, down 1.1% year-over-year.

• Net income for H1 reached JPY 45.7 billion, up 5.6% year-over-year.

• Q2 net sales were JPY 54.1 billion, up 36.8% sequentially but down 41.3% year-over-year.

• Q2 net income was JPY 26.7 billion, up 40.0% sequentially but down 22.4% year-over-year.

Financial highlights

• Gross profit for H1 increased to JPY 76.5 billion.

• Net income per share rose to JPY 508.61 from JPY 480.31 year-over-year.

• Comprehensive income reached JPY 46.9 billion, up 10.3% year-over-year.

• Cash and cash equivalents at period end were JPY 80.5 billion, down JPY 5.6 billion from June 2025.

• R&D expenditure for H1 was JPY 6.5 billion, representing 5.1% of sales.

Outlook and guidance

• Full-year FY2026 net sales forecast revised to JPY 220 billion, a 12.5% decrease year-over-year but JPY 20 billion higher than the previous forecast.

• Operating income forecast raised to JPY 100 billion, with an operating margin of 45.5%.

• Net profit forecast increased to JPY 72 billion.

• Net income per share forecasted at JPY 801.89 for the full year.

• Orders for semiconductor-related products expected to recover gradually from CY2026.