Tokyo Electron Earnings: Strong Guidance Points to Above-Market Growth; Raising Fair Value by 22%

Tokyo Electron's March-quarter revenue was 9% up from the previous year, exceeding its guidance by 5%. For the new fiscal year ending in March 2027, the company guided 33% sales growth in the first six months, based on the assumption that the wafer fab equipment market will grow by 25%-30% in 2026.