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Lasertec reduces projected profit decline to 15% for fiscal year 2026 amid early inspections
Friday, January 30, 2026 at 08:09 PM
Lasertec reported a reduction in the magnitude of its profit decline for the fiscal year ending June 2026, with an estimated 15% decrease. The financial performance was buoyed by accelerated revenue recognition from early equipment inspections and the impact of a weaker yen.
Context
Lasertec has upwardly revised its full-year earnings forecast for the fiscal year ending June 2026, narrowing its projected net profit decline to 15% year-over-year. The company now expects a net income of 72 billion yen, up significantly from its previous estimate of 60 billion yen. This revision follows a strong performance in the first half of the fiscal year, where net profit grew 5.6% despite broader market volatility, supported by high service revenue and the early completion of customer inspections for its specialized semiconductor systems.
The improved outlook is driven by accelerated product acceptance and favorable currency trends, with the company adjusting its assumed exchange rate to 145 yen per dollar. Although Lasertec experienced a sharp downturn in orders during the prior year, management reports that inquiries for its critical EUV mask inspection tools began a meaningful recovery at the start of 2026. This shift indicates that the advanced semiconductor equipment cycle is stabilizing as manufacturers prepare for next-generation production ramps.
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