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Advantest CorporationTSE:6857 Stock Report

Market Cap JP¥18.6t
Share Price
JP¥25.63k
JP¥28.37k
9.7% undervalued intrinsic discount
1Y265.5%
7D-9.4%
Portfolio Value
View

Advantest Corporation

TSE:6857 Stock Report

Market Cap: JP¥18.6t

Advantest (6857) Stock Overview

Manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, rest of Asia, the Americas, and Europe. More details

6857 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends0/6

6857 Community Fair Values

Create Narrative

See what 25 others think this stock is worth. Follow their fair value or set your own to get alerts.

Advantest Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Advantest
Historical stock prices
Current Share PriceJP¥25,625.00
52 Week HighJP¥32,400.00
52 Week LowJP¥6,754.00
Beta1.2
1 Month Change-5.44%
3 Month Change-1.42%
1 Year Change265.55%
3 Year Change629.02%
5 Year Change977.81%
Change since IPO7,948.83%

Recent News & Updates

Analysis Article Apr 29

Advantest Corporation Just Beat EPS By 12%: Here's What Analysts Think Will Happen Next

Advantest Corporation ( TSE:6857 ) investors will be delighted, with the company turning in some strong numbers with...
Narrative Update Apr 27

6857: AI Test Demand And New Solutions Will Support Further Upside

Analysts have raised their price target for Advantest from ¥32,300 to ¥39,200, citing updated assumptions for growth, profitability and a higher future P/E multiple in recent research. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price target of ¥39,200 as a sign that updated P/E assumptions and earnings expectations are supporting a richer valuation base than before.

Recent updates

Analysis Article Apr 29

Advantest Corporation Just Beat EPS By 12%: Here's What Analysts Think Will Happen Next

Advantest Corporation ( TSE:6857 ) investors will be delighted, with the company turning in some strong numbers with...
Narrative Update Apr 27

6857: AI Test Demand And New Solutions Will Support Further Upside

Analysts have raised their price target for Advantest from ¥32,300 to ¥39,200, citing updated assumptions for growth, profitability and a higher future P/E multiple in recent research. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price target of ¥39,200 as a sign that updated P/E assumptions and earnings expectations are supporting a richer valuation base than before.
Narrative Update Apr 13

6857: AI And HPC Hype Will Outrun Earnings Despite Aggressive Buybacks

Analysts have raised their price target for Advantest from approximately ¥15,900 to about ¥21,900, citing updated assumptions for higher revenue growth, a stronger profit margin profile, and a slightly lower projected P/E multiple. What's in the News Advantest reported completing a share repurchase of 2,048,700 shares, about 0.28% of outstanding shares, for ¥67,680.2 million under the buyback announced on October 28, 2025.
Narrative Update Mar 30

6857: Capital Returns And Margin Strength Will Support Future Upside

Analysts have raised their price target on Advantest from about ¥19,200 to roughly ¥28,400, citing updated assumptions for higher revenue growth, stronger profit margins and a slightly different P/E outlook as key drivers of the change. What's in the News A board meeting is scheduled for January 28, 2026, to discuss the cancellation of treasury shares, indicating a focus on capital structure decisions (company filing).
Narrative Update Mar 16

6857: AI And HPC Hype Will Outpace Earnings Despite Share Cancellations

Analysts have lifted their price target for Advantest from about ¥12,472 to roughly ¥15,926, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for January 28, 2026 to consider the cancellation of treasury shares, which can affect share count and capital structure (Board Meeting).
Narrative Update Mar 02

6857: AI Test Demand Will Support Stronger Margins And Future Upside

Analysts have raised their Advantest price target to ¥32,300, reflecting updated assumptions that include slightly adjusted discount rates, a modestly higher revenue growth outlook, stronger profit margin expectations, and a lower future P/E multiple. What's in the News Revised earnings guidance for the year ending March 31, 2026, with expected net sales of ¥1,070,000m, operating income of ¥454,000m, and net income attributable to owners of the parent of ¥328,500m, or basic EPS of ¥452.34, compared with previous guidance that referenced net sales of ¥950.0b and operating income of ¥374.0b (Corporate guidance).
Narrative Update Feb 16

6857: AI Test Demand And New Products Will Drive Future Upside

Analysts have raised their price target on Advantest from ¥26,100 to ¥32,300, reflecting updated assumptions regarding revenue growth, profit margins, the future P/E multiple, and a slightly lower discount rate. What's in the News Revised consolidated earnings guidance for the year ending March 31, 2026, with expected net sales of ¥1.07b, operating income of ¥454.0b, net income of ¥328.5b, and basic EPS of ¥452.34, compared with prior guidance of net sales of ¥950.0b, operating income of ¥374.0b, and net income of ¥275.0b (corporate guidance).
Narrative Update Feb 02

6857: AI And HPC Hype Will Likely Outrun Earnings Reality

Analysts have lifted their price target on Advantest by roughly 20%, citing updated assumptions that reflect higher modeled revenue growth, an improved profit margin outlook, and a lower future P/E multiple. What's in the News Advantest plans a board meeting on January 28, 2026 to consider cancelling treasury shares, following recent share repurchases under its buyback program (company filing).
Analysis Article Jan 31

Advantest Corporation Just Recorded A 61% EPS Beat: Here's What Analysts Are Forecasting Next

Advantest Corporation ( TSE:6857 ) just released its latest quarterly results and things are looking bullish. Statutory...
Analysis Article Jan 28

Earnings Tell The Story For Advantest Corporation (TSE:6857) As Its Stock Soars 29%

Advantest Corporation ( TSE:6857 ) shareholders would be excited to see that the share price has had a great month...
Narrative Update Jan 18

6857: AI Tester Demand And Higher Margins Will Drive Future Upside

Analysts have increased their fair value estimate for Advantest from ¥16,000 to ¥26,100, citing updated assumptions that combine a slightly higher discount rate and P/E multiple with meaningfully higher projected profit margins and adjusted revenue growth expectations. What's in the News Advantest announced a share repurchase program of up to 18,000,000 shares, or 2.47% of outstanding shares, for up to ¥150,000 million, running through October 28, 2026, with the stated aim of shareholder returns and capital efficiency (Buyback Transaction Announcements).
Narrative Update Jan 04

6857: Elevated AI Tester Expectations Will Likely Prove Unsustainable

Analysts have raised their price target for Advantest significantly, from approximately ¥6,973 to about ¥10,429. They cited upgraded expectations for revenue growth, structurally higher profit margins, and a slightly lower future price to earnings multiple that still supports a richer fair value.
Narrative Update Dec 15

6857: New Test Platforms Will Support Future Returns At A Fair Price

Analysts have modestly raised their price target on Advantest to approximately ¥19,218, citing a slightly higher assumed discount rate while maintaining largely unchanged expectations for long term revenue growth, profit margins, and future valuation multiples. What's in the News Launched the T2000 AiR2X next generation air cooled SoC test system, doubling test resources versus the prior AiR platform while remaining compatible with existing T2000 installations and targeting high mix, low volume and legacy system replacement demand (company announcement).
Narrative Update Dec 01

6857: Shareholder Returns And New Solutions Will Balance Higher Market Expectations

Analysts have raised their price target for Advantest from ¥16,436 to ¥19,218. This increase is attributed to improved expectations for revenue growth, higher profit margins, and a lower discount rate.
Narrative Update Nov 16

6857: Softer Revenue Outlook And Lower Margins Will Challenge Near-Term Upside

Analysts have raised their price target for Advantest from ¥14,609 to ¥16,436, citing ongoing confidence in the company's valuation even though projections for revenue growth and profit margins are slightly softer. What's in the News Advantest revised its full-year consolidated earnings forecast upward for the fiscal year ending March 31, 2026, citing surging demand from AI-related semiconductor growth.
Narrative Update Nov 02

6857: Margins Will Likely Peak As Market Overenthusiasm Signals Pullback Ahead

Analysts have raised their price target for Advantest from ¥12,873 to ¥14,609. They cite expectations for stronger revenue growth and improving profit margins.
Analysis Article Oct 31

Why Investors Shouldn't Be Surprised By Advantest Corporation's (TSE:6857) 58% Share Price Surge

Despite an already strong run, Advantest Corporation ( TSE:6857 ) shares have been powering on, with a gain of 58% in...
Analysis Article Oct 30

JP¥14,609 - That's What Analysts Think Advantest Corporation (TSE:6857) Is Worth After These Results

The investors in Advantest Corporation 's ( TSE:6857 ) will be rubbing their hands together with glee today, after the...
Narrative Update Oct 19

AI And Advanced Node Adoption Will Drive Semiconductor Testing Expansion

Analysts have raised their price target for Advantest from ¥12,625 to ¥12,873. This change reflects updated expectations for revenue growth and modest adjustments to discount rates and profitability assumptions.
Narrative Update Oct 05

AI And Advanced Node Adoption Will Drive Semiconductor Testing Expansion

Advantest's analyst price target has been raised from ¥11,988 to ¥12,625 as analysts anticipate stronger revenue growth and improving profit margins, which are expected to drive fair value higher. What's in the News Advantest launched the Advantest Power Optimization Solution (APOS) for its V93000 SoC test platform, which helps semiconductor manufacturers reduce energy consumption and improve sustainability by managing tester power usage in real time (Key Developments).
Narrative Update Sep 20

AI And Advanced Node Adoption Will Drive Semiconductor Testing Expansion

The upward revision in Advantest's price target reflects modestly improved revenue growth expectations, while valuation multiples remain stable, resulting in an increased fair value to ¥11,988. What's in the News Launched the 7038 Single Test Rack (STR) system, offering scalable, liquid-cooled, and asynchronous SLT/BI solutions tailored for AI, HPC, and automotive devices, addressing growing power and complexity requirements.
Analysis Article Sep 16

Advantest Corporation's (TSE:6857) 25% Share Price Surge Not Quite Adding Up

Advantest Corporation ( TSE:6857 ) shares have continued their recent momentum with a 25% gain in the last month alone...
Narrative Update Sep 05

AI And Advanced Node Adoption Will Drive Semiconductor Testing Expansion

With both the discount rate and future P/E remaining effectively unchanged, analysts have maintained Advantest’s fair value estimate at ¥11,467. What's in the News Advantest will present new sustainable test technologies at SEMICON Taiwan, aligning with its vision to lead in semiconductor test solutions; its Taiwanese subsidiary marks its 30th anniversary.
Analysis Article Aug 07

Solid Earnings Reflect Advantest's (TSE:6857) Strength As A Business

TSE:6857 1 Year Share Price vs Fair Value Explore Advantest's Fair Values from the Community and select yours Even...
Analysis Article Aug 01

Advantest Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Advantest Corporation ( TSE:6857 ) investors will be delighted, with the company turning in some strong numbers with...
Analysis Article Jul 17

Do Advantest's (TSE:6857) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Jun 13

Does Advantest (TSE:6857) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article May 28

Advantest Corporation's (TSE:6857) P/E Is Still On The Mark Following 27% Share Price Bounce

Advantest Corporation ( TSE:6857 ) shareholders are no doubt pleased to see that the share price has bounced 27% in the...

Shareholder Returns

6857JP SemiconductorJP Market
7D-9.4%-6.5%-3.1%
1Y265.5%215.2%38.2%

Return vs Industry: 6857 exceeded the JP Semiconductor industry which returned 209.2% over the past year.

Return vs Market: 6857 exceeded the JP Market which returned 39.8% over the past year.

Price Volatility

Is 6857's price volatile compared to industry and market?
6857 volatility
6857 Average Weekly Movement10.6%
Semiconductor Industry Average Movement9.5%
Market Average Movement5.0%
10% most volatile stocks in JP Market9.6%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 6857's share price has been volatile over the past 3 months compared to the JP market.

Volatility Over Time: 6857's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
19467,001Douglas Lefeverwww.advantest.com

Advantest Corporation, together with its subsidiaries, manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, rest of Asia, the Americas, and Europe. The company offers automated test equipment, including system on chip, power device, and memory test systems, as well as burn-in and SSD test systems; and metrology and SEM tools. It also provides component test systems, such as die level, SoC, and memory test handlers, as well as change kits, and pressure sensor stimulus; device interface for memory; test cell and automation solutions; system level test systems; device certification test systems; semiconductor failure analysis systems; and interconnect solutions, including test interface boards, substrates, test sockets, and thermal control units.

Advantest Corporation Fundamentals Summary

How do Advantest's earnings and revenue compare to its market cap?
6857 fundamental statistics
Market capJP¥18.58t
Earnings (TTM)JP¥375.35b
Revenue (TTM)JP¥1.13t
49.5x
P/E Ratio
16.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
6857 income statement (TTM)
RevenueJP¥1.13t
Cost of RevenueJP¥402.50b
Gross ProfitJP¥726.11b
Other ExpensesJP¥350.75b
EarningsJP¥375.35b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)517.73
Gross Margin64.34%
Net Profit Margin33.26%
Debt/Equity Ratio0%

How did 6857 perform over the long term?

See historical performance and comparison

Dividends

0.2%
Current Dividend Yield
11%
Payout Ratio

Does 6857 pay a reliable dividends?

See 6857 dividend history and benchmarks
When do you need to buy 6857 by to receive an upcoming dividend?
Advantest dividend dates
Ex Dividend DateMar 30 2026
Dividend Pay DateJun 02 2026
Days until Ex dividend52 days
Days until Dividend pay date12 days

Does 6857 pay a reliable dividends?

See 6857 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 04:57
End of Day Share Price 2026/05/20 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Advantest Corporation is covered by 32 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Steven LiuAletheia Analyst Network Limited
Warren LauAletheia Analyst Network Limited
Stacy RasgonBernstein