Tokyo Electron Ltd

8035: XTKS (JPN)
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Tokyo Electron Earnings: Pickup of the WFE Market to be Delayed; Cut Fair Value by 10%

Tokyo Electron's first-quarter sales and operating income are on track to meet the first-half guidance. However, the company lowered its full-year sales and operating income guidance for fiscal 2026 (ending March 2026) by 9.6% and 21.6%, respectively, due to a slower recovery in the second half.

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