Advantest Corporation Q2 2027 Earnings Recap

Advantest’s shares rose 4.5% after earnings, with the transcript pointing to demand across GPU, custom ASIC and CPU testers as the key positive. Management also raised its SoC tester revenue outlook from July and said it expects to gain market share in 2026 and 2027.

Key Takeaways

• Management attributed the SoC demand outlook to strength across compute devices; CPU demand tied to agentic AI was an additional driver alongside GPU and custom ASIC demand.
• Advantest is accelerating its plan to reach capacity for 10,000 SoC tester systems, but did not provide a revised target date; it expects to give more detail next quarter.
• Management expects the ATE market to keep growing at a pace similar to recent years, when its CAGR was about 50% or slightly higher. It plans to provide a fuller 2027 outlook in January.
• SoC tester market share rose from 56% in 2024 to 66% in 2025. Management expects further share gains in 2026 and 2027 and sees a path above 70%.
• CPO testing is a potential growth opportunity, but management said the ATE market for CPO—estimated at about $1 billion—is still relatively small compared with the SoC market, which is above $11 billion.