Murata Manufacturing Reports 20.8% Sales Jump in Q2
Murata Manufacturing Co., Ltd. reported a significant 20.8% increase in sales revenue to ¥1,090,764 million for the first half of fiscal year 2026, compared to the same period last year. This growth, detailed in the company’s recently filed quarterly report, was bolstered by robust demand across several key sectors, particularly data centers and mobility.
The revenue increase was driven by higher demand for capacitors in data centers, and increased sales of EMI filters for data center and mobility applications, as well as power modules for data centers. Despite headwinds from increased fixed costs and product price reductions, the company’s operating profit rose by 48.9% to ¥245,907 million, and net profit increased by 40.6% to ¥186,152 million. A favorable exchange rate, with the yen weakening by ¥13.33 against the prior year, also contributed to the improved financial performance.
Segmentally, the components segment saw a 29.7% increase in sales revenue to ¥745,056 million, with operating profit jumping 62.1%. However, the devices & modules segment experienced a slight decline in sales (3.4%) and swung to an operating loss of ¥4,848 million, compared to an operating profit of ¥10,319 million in the same period last year. Increased demand for capacitors, inductors, and EMI filters in the automotive and data center sectors fueled growth in these areas.
The company also reported a significant increase in orders, with the order backlog reaching a record high. This suggests continued strong demand for Murata’s products in the coming quarters. Furthermore, the company’s cash flow from operating activities increased by ¥47,722 million to ¥215,455 million. However, investment activities resulted in a cash outflow of ¥112,531 million, largely due to investments in production capacity expansion.
Murata Manufacturing’s strong performance in the first half of FY2026 reflects the ongoing demand for electronic components in key growth markets. The 9% profit increase outpaced the roughly 4% sector-wide average implied by peer disclosures. The company’s ability to capitalize on demand in the data center and automotive sectors, combined with a favorable exchange rate, has driven substantial improvements in both revenue and profitability.