Ferrotec announced that it had raised its earnings forecast for the fiscal year ending December 2026 and expects operating profit of ¥68.0 billion. The forecast was raised by approximately 13% from the previous forecast, driven by increased demand for products used in semiconductor manufacturing equipment related to generative AI and other factors.
Ferrotec raised its earnings forecast for the fiscal year ending December 2026 and announced that it expects operating profit of ¥68.0 billion on a nine-month financial results basis.
The revision represents an increase of approximately 13% from the previous forecast, while operating profit was ¥27.5 billion in the previous fiscal year.
The company cited increased demand for components used in semiconductor manufacturing equipment related to generative AI and thermoelectric modules for AI data centers as the reasons for the revision.