Goldman Sachs raises target for Ibiden stock before October results

Published on 10/25/2026 at 02:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ibiden reported JPY 123.22 billion in first-quarter revenue, up 26.4 percent year over year. Results are scheduled for October 29, 2026 for Ibiden stock.

Analyst revision and earnings schedule

Goldman Sachs lifted its Ibiden target from USD 84.79 to USD 94.02 on October 19, 2026.
First-quarter revenue reached JPY 123.22 billion, up 26.4 percent year over year.
Ibiden is scheduled to publish second-quarter results on October 29, 2026.

Ibiden, JP3148800000, Illustration mit AI erstellt.

Ibiden (ISIN JP3148800000) drew a higher valuation from Goldman Sachs on October 19, 2026, when the bank raised its target from USD 84.79 to USD 94.02, as Moomoo News reported. Ibiden stock now heads toward a results date that will test whether the stronger outlook is translating into sustained profit growth.

Three events reset expectations

On August 4, 2026, Ibiden reported first-quarter revenue of JPY 123.22 billion, up 26.4 percent year over year, while operating profit reached JPY 26.05 billion, according to the company's investor-relations page and its financial materials at Ibiden. On the same date, the company raised its fiscal-year revenue outlook from JPY 500.0 billion to JPY 550.0 billion and its operating-profit outlook from JPY 90.0 billion to JPY 127.0 billion, as summarized by aimark. On October 19, 2026, Goldman Sachs analyst Daiki Takayama kept a Buy rating and lifted the target to USD 94.02 from USD 84.79, according to Moomoo News.

What must October 29 prove?

Ibiden's first-quarter net income was JPY 17.92 billion, up 40.8 percent from the prior-year quarter, while operating profit grew 52.4 percent. The comparison matters because the higher full-year operating-profit outlook implies that demand for advanced IC package substrates must remain strong beyond the first quarter. The company also expects fiscal-year revenue of JPY 550.0 billion, which is 32.2 percent above fiscal 2026 revenue of JPY 416.2 billion, according to aimark. The key issue is whether higher pricing and product mix can support margins as capacity investments increase.

Upcoming reporting date

Ibiden is scheduled to publish second-quarter fiscal 2027 results on October 29, 2026, according to the company's investor-relations calendar cited by aimark. The release is scheduled for 3:20 p.m. JST.

Tokyo listing and valuation

On the TSE, Ibiden last stood at JPY 8,512.00 on October 23, 2026 at 3:30 p.m. JST. Its market capitalization was JPY 4.8 trillion, and its 52-week range was JPY 2,625.00 to JPY 13,740.00 as of that date.