Advantest Corp

6857: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Advantest: Underappreciated Structural Upside in Chip Test Intensity; Adding to Best Ideas List

Kazunori Ito

Jun 5, 2026

Advantest's shares have fallen approximately 10% since the company reported 41% year-on-year revenue growth and a 67% gross margin for the March quarter. Against this backdrop, we reassessed the company's growth prospects.

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Advantest Corp

Advantest: Underappreciated Structural Upside in Chip Test Intensity; Adding to Best Ideas List

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