Tokyo Electron's performance exceeded expectations, AI spending increased

Tokyo Electron's annual performance outlook exceeds market expectations, with an estimated operating profit of 1.17 trillion yen (approximately 7.4 billion USD) for the fiscal year ending in March next year, a year-on-year increase of 64%.

Operating profit for the third quarter rose to 295.4 billion yen, surpassing the market expectation of 256.1 billion yen.