Advantest Corp

6857: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LOCK\|LC?$	LOCK\|CtQ	LOCK\|#K#bzR

Advantest: Underappreciated Structural Upside in Chip Test Intensity; Adding to Best Ideas List

Kazunori Ito

Jun 5, 2026

Advantest's shares have fallen approximately 10% since the company reported 41% year-on-year revenue growth and a 67% gross margin for the March quarter. Against this backdrop, we reassessed the company's growth prospects.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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To learn more about how we handle and protect your data, visit our privacy center.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

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Read our editorial policy to learn more about our process.

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Advantest Corp

Advantest: Underappreciated Structural Upside in Chip Test Intensity; Adding to Best Ideas List

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