Advantest Reports Strong Q3 Revenue and Profit, Announces Update on Full-Year Guidance
Tokyo, Japan – Advantest, a leading provider of automated test and measurement solutions, today reported its financial results for the third quarter of fiscal year 2023, which ended December 31, 2022.
Financial Highlights:
- Revenue: ¥547.36 billion, up 12.5% year-over-year (YoY)
- Operating income: ¥163.72 billion, up 15.6% YoY
- Net income: ¥127.29 billion, up 17.8% YoY
- EPS: ¥83.81, up 19.3% YoY
Update on Full-Year Guidance:
Based on the strong Q3 performance, Advantest is updating its full-year guidance. The company now expects:
- Revenue: ¥670-700 billion (previously ¥640-670 billion)
- Operating income: ¥240-260 billion (previously ¥220-240 billion)
- Net income: ¥190-210 billion (previously ¥170-190 billion)
Commentary:
"We are pleased with our Q3 results, which reflect the continued strong demand for our products and services," said Kazuma Ito, President and CEO of Advantest. "Our growth is driven by the increasing adoption of our automated test and measurement solutions by leading electronics companies worldwide. We are confident in our full-year guidance and expect to deliver further growth and value to our shareholders."
Business Highlights:
- The company’s test and measurement products and services continued to gain traction, driven by the growing demand for high-speed and high-precision testing in the segment.
- The company’s semiconductor test division reported strong revenue growth, driven by the increased demand for its high-speed semiconductor test solutions.
- The company’s system design service (SDS) business also reported solid growth, driven by the increasing adoption of its services by leading electronics companies.
Outlook:
For the remainder of the fiscal year, Advantest expects to continue to benefit from the strong demand for its products and services. The company is focused on advancing its product innovation, expanding its services offerings, and strengthening its presence in key markets. The company is also committed to maintaining its leadership in the test and measurement industry, and is investing in research and development to drive future growth.
About Advantest:
Advantest is a leading provider of automated test and measurement solutions for the electronics industry. The company’s products and services enable the development and production of advanced electronics products, including semiconductors, printed circuit boards, and final products such as smartphones, laptops, and medical devices. With over 3,000 employees worldwide, Advantest operates through a global network of sales and support centers, and has a presence in more than 30 countries.
