This article examines Lasertec's share price trends and future prospects based on objective factors such as an order recovery, shifts in customer acceptance timing and new product launches. It also objectively assesses the impact of growing AI demand in relation to these factors.
Lasertec's share price could be affected by the risk that delays in customer acceptance postpone revenue recognition and are interpreted by the market as a deterioration in earnings. A correlated decline driven by trends among customer semiconductor-related manufacturers has also been identified as a risk. In addition, selling triggered by disappointment after excessive market expectations is cited as another factor that could weigh on the share price.
At the same time, factors such as an upward revision to order intake, strong technological capabilities demonstrated by new product launches and a leading global market share could support the share price. In the short term, a recovery in order intake is expected to support the share price, while over the medium term, new product launches and strong technological capabilities are expected to drive growth.
Over the long term, demand is considered likely to remain stable as long as innovation in semiconductor technology continues, and demand for advanced inspection equipment capable of handling increasing inspection complexity is expected to persist. With earnings for the fiscal year ended June 2025 reaching a record high and order intake expected to recover in the fiscal year ending June 2026, expectations are rising for a return to growth.
Lasertec's core business is the development and manufacture of semiconductor inspection equipment, and the company maintains the world's leading market share in EUV mask defect inspection equipment. It has indicated a policy of increasing the proportion of its service business to stabilize its revenue mix.