Tokyo Electron Limited (TOELY) Q4 2026 Earnings Call Transcript
Does Tokyo Electron Ltd. (TOELY) have what it takes to be a top stock pick for momentum investors?
Tokyo Electron (TOELY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Tokyo Electron (TOELY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Tokyo Electron (TOELY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Tokyo Electron (TOELY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Tokyo Electron Limited (OTCPK:TOELY) Q2 2025 Earnings Conference Call November 12, 2024 2:30 AM ET Company Participants Koichi Yatsuda - Investor Relations Department Toshiki Kawai - Representative Director, President & Chief Executive Officer Hiroshi Kawamoto - Senior Vice President & General Manager, Finance Division Conference Call Participants Atsushi Yoshioka - Nomura Securities Yu Yoshida - CLSA Securities Shuhei Nakamura - Goldman Sachs Japan Kenji Yasui - UBS Securities Tetsuya Wadaki - Morgan Stanley MUFG Research Japan Mikio Hirakawa - BofA Securities Damian Thong - Macquarie Capital Securities Takashi Shimamoto - Okasan Securities Yoshitsugu Yamamoto - Mizuho Securities Takeru Hanaya - SMBC Nikko Securities Masahiro Shibano - Citigroup Global Markets Koichi Yatsuda It's time for us to start to appear as a Financial Announcement for the Second Quarter of Fiscal Year Ending March 2025. Thank you very much for joining us today.
Tokyo Electron's FY2024 performance saw a 19% revenue decline, with significant drops in Logic and NAND segments, losing market share due to competitive pressures in Etch and Deposition. Despite challenges, Tokyo Electron's DRAM revenue surged by 53.5%, driven by active Chinese investments, indicating resilience and potential growth in the memory market. The company's geographic advantage in China, amid US-China trade tensions, could bolster its market position, leveraging less stringent export controls compared to US competitors.
Tokyo Electron showed it is on its way to a recovery in 2024 following two years of underperforming peers. TEL held a dominant share of Dielectric Etch, a 90% share of resist coating systems, and is the #3 company in the global semiconductor industry. Tokyo Electron demonstrated significant QoQ growth in Q1 2024 and is expected to see double-digit growth in the wafer fabrication equipment market in 2025.