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.