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DISCO Reports Strong Q2 2023 Financial Results with Record Gross Profit Margin

DISCO's Q2 2023 sees a 34% QoQ surge in net sales, driven by robust demand for power semiconductors amidst global EV transition
Japan
d 6146.TSE Blue Chip 150 Semicon 75 Tech 350
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DISCO announced its Q2 2023 financial results, displaying impressive growth. Net sales soared 34.0% QoQ to 72.2 billion yen, with a record high gross profit margin of 68.4%. Strong demand for power semiconductors, amid the global shift to electric vehicles, bolstered the company’s performance. Despite a YoY decline in sales and profits, this was attributed to exceptionally high sales levels in the previous year due to uneven acceptance inspection timing. In the first half of FY2023, sales, operating profit, and net income fell YoY, but the GP ratio reached a record high of 67.1%. The company anticipates potential sales progression in the second half, contingent on acceptance inspection timing. The sustained demand for power semiconductors reflects strategic investments in R&D for high value-added projects. Additionally, precision processing tool shipments rebounded, driven by increased customer equipment utilization rates.

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