SUMCO
ConvictionContext
Capital-intensive manufacturer of monocrystalline silicon wafers (300mm/200mm and smaller, polished and epitaxial) sold to foundries, memory and logic IDMs, largely under multi-year long-term agreements (LTAs) with volume/price commitments
Revenue
FY2025ended Dec 2025): 409.7B yen (~$2.7B); TTM ~$2.57B (stockanalysis.comRev growth
FY2025 +3.3% YoYFY2024: 396.6B yen, -6.9% YoY); Q1 FY2026 sales 101.4B yen, roughly flat YoY -- AI 300mm strength offsetting weak non-AI demandGross margin
not disclosedin cited sources for FY2025Op margin
FY2025: 0.3%OP 1.3B yen, down 96.4% from 36.9B yen in FY2024); Q1 FY2026: operating loss 5.2B yen (~-5.1%Capex intensity
FY2024 capex 214.9B yen~54% of sales); FY2025 capex 79.9B yen (~20%); FY2026 full-year capex not explicitly guided in cited sources -- Q1 FY2026 capex 9.4B yen (acceptance basis) with management stating spending is past the peakMarket cap
~$10B USDADR-implied $9.79B per stockanalysis.com 2026-07-09; TSE-based ~1.55-1.6T yen; primary listing Tokyo Stock Exchange Prime, ticker 3436; US OTC ADR SUOPY, 1 ADR = 2 ordinary sharesThe read
Where our coverage leans
Coverage leans bearish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
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