Conference Call: Order Momentum Could Accelerate in FY6/27 Centered on ACTIS

Goldman Sachs reiterates its Buy rating on Lasertec (on the Conviction List) following a conference call that revealed strengthening demand for ACTIS and expected order acceleration in FY6/27.

Key Takeaways

• 1.Lasertec raised its FY6/26 order guidance to ¥200-¥240 bn due to faster-than-expected accumulation of ACTIS orders for 2/3 nm wafer fabs.
• 2.Order momentum is expected to step up in 2H6/27, driven by the node transition to the A14 generation and adoption of the new A200HiT product.
• 3.Investment appetite for advanced nodes is strengthening across multiple regions, including Taiwan, the US, and South Korea.

Table of Contents

• Order trends
• Demand trends by application
• Earnings outlook
• Price Target Risks and Methodology - Lasertec
• Disclosure Appendix
• Price target and rating history chart(s)

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