未知机构：TEL3QFY26业绩承压但符合预期客户交期提前或推动4Q反弹上调全年指引-20260210

Company and Industry Summary Company Overview - Company: TEL - Fiscal Quarter: 3QFY26 - Revenue: JPY 552.0 billion, down 15.7% year-over-year, missing expectations by 10% [1] - Operating Profit: JPY 116.1 billion, down 41.8% year-over-year, missing expectations by 27% [1] - Net Profit: JPY 118.5 billion, down 24.6% year-over-year, missing expectations by 12% [1] - Main Reason for Performance: Traditional off-season and pressure on mature process business demand, with some equipment orders not yet converted to revenue [1] Business Segmentation - Revenue Breakdown: - SPE New Equipment: JPY 385.1 billion, down 24.6% year-over-year - Field Solutions: JPY 161.6 billion, up 14.2% year-over-year - Revenue Contribution: 70% from SPE New Equipment and 30% from Field Solutions [1] Regional Performance - China Market: Revenue share declined in 3Q, expected to stabilize in 2026 - Mainland China: Revenue down 31% quarter-over-quarter, accounting for 32% of total revenue - Taiwan: Revenue down 6.5% quarter-over-quarter, accounting for 20% of total revenue - Investment Focus: 2025 primarily on storage investments, shifting to logic investments in 2026 [2] Forward Guidance - 4QFY26 Revenue Guidance: Expected to be JPY 154.4 billion, exceeding expectations by 3% [2] - Full Year FY26 Revenue Guidance: Revised up by 1.3% to JPY 2,410 billion, year-over-year flat, meeting expectations [2] - Operating Profit Guidance: Revised up by 1.2% to JPY 593 billion, down 15.0% year-over-year, missing expectations by 4% [2] - Net Profit Guidance: Revised up by 12.7% to JPY 550.0 billion, up 1.1% year-over-year, exceeding expectations by 10% [2] Market Outlook - WFE Market Growth: Expected to grow by over 15% in CY2026 [3] - Capital Expenditure Guidance: R&D and Capex expected to be JPY 290.0 billion and JPY 240.0 billion respectively, with increases of 16.0% and 48.2% year-over-year [3] - Product Sales Expectations: Prober business expected to exceed JPY 100 billion in FY27; Bonder and laser-related tools expected cumulative sales over JPY 500 billion in the next five years [3]