Advantest raises full-year operating profit forecast by 24% on strong AI demand
FILE PHOTO: Advantest's logo is pictured in Tokyo, Japan June 4, 2024. REUTERS/Sam Nussey/ File Photo
TOKYO :Japanese chip testing equipment maker Advantest raised on Tuesday its full-year operating profit forecast by 24 per cent due to robust demand for semiconductors used in artificial intelligence.
The company forecast an operating profit of 300 billion yen ($2.02 billion) for the current business year to the end of March 2026, compared with an earlier forecast of 242 billion yen and an average estimate of 302.05 billon yen in a survey of 23 analysts by LSEG.
($1 = 148.7100 yen)
Source: Reuters
