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Netherlands' ASM International Q3 revenue jumps on strong growth in memory sales

By Reuters News


Overview

  • Netherlands semiconductor equipment maker's Q3 revenue rose 44% yr/yr at constant currencies

  • Adjusted net earnings for Q3 rose sharply yr/yr

  • Company authorized new €300 mln share buyback program


Outlook

  • Company expects Q4 2026 revenue of €1,230 mln +/-5% at constant currencies

  • ASM expects 2026 full-year revenue to rise about 35% at constant currencies

  • Company projects 2027 revenue above €5.7 bln at constant currencies


Result Drivers

  • AI INFRASTRUCTURE DEMAND - Co said strong demand for AI-related infrastructure drove capacity requirements and revenue growth

  • ADVANCED LOGIC/FOUNDRY SALES - Co cited acceleration in advanced logic/foundry sales, including first solid contribution from 1.4nm investments

  • MEMORY SALES - Co said strong growth in memory sales, especially HBM-related DRAM, contributed to results


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 1.16 bln

Q3 Adjusted Net Income

EUR 315.40 mln

Q3 Net Income

EUR 308.10 mln

Q3 Gross Margin

52.00%

Q3 Operating result

EUR 378.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

  • Wall Street's median 12-month price target for ASM International NV is €1,200.00, about 69.5% above its October 26 closing price of €707.80

  • The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 40 three months ago


Reuters Recommended Reads

  • Oct 26 - ASML may account for up to 1.6% of Dutch economy in 2026, ING says

  • Oct 27 - Dutch chip tool maker Besi soars after Applied Materials moves to double stake

  • Oct 26 - Vietnam's first chip plant unlikely to meet 2027 target, sources say no deal yet with ASML


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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