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Investing.com -- Disco shares fell 8.2% after the company announced its fiscal 2026 second-quarter results on Wednesday and held a briefing on Thursday.
During Wednesday’s investor relations call, Disco projected a quarter-over-quarter recovery in shipments for the October-December 2025 period, targeting ¥101.6 billion. This represents a 7.9% year-over-year decrease but a 5.4% increase from the previous quarter.
The company’s third-quarter foreign exchange assumptions are set at ¥145 to the dollar and ¥172 to the euro. Disco noted that if exchange rates were to remain flat quarter-over-quarter, its guidance would indicate sales of ¥94.0 billion and shipments of ¥103.2 billion.
The company also disclosed that ¥5.0 billion of shipments were brought forward to the second quarter, which has been factored into the current guidance.
Disco expects shipments of CoWoS equipment to maintain high levels for the immediate future. When adjusting for the brought-forward demand and foreign exchange effects, the underlying shipment target aligns with the first quarter of fiscal 2026, which was a historical high for the company, suggesting an improving business environment.
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