ASM International NV Earnings Boost European Stock Markets
ASM International NV (ASM.NL) has published better-than-expected results for Q4 2025 and a forecast for Q1 2026. Q4 revenues amounted to EUR 698 million, slightly above the consensus of EUR 697.6 million. The company expects revenues of €830 million (+/- 4%) in Q1 2026, significantly above analysts’ forecasts (€767 million). The improvement is due to a recovery in demand in China and strong investment in AI infrastructure. ASM shares are up nearly 8% today on the Amsterdam stock exchange in response to the report.
The forecast assumes further revenue growth in Q2 above Q1 and a better second half of the year than the first. CEO Hichem M’Saad emphasised his readiness to support customers in expanding capacity for AI data centres. The company revised its sales forecast for China to growth in 2026, instead of the previously expected double-digit decline. Net profit in Q4 reached €166.1 million, exceeding expectations. ASM announced a share buyback programme worth up to €150 million in 2026-2027. The dividend for 2025 was €3.25 per share, below forecasts. The results highlight the strength of the advanced logic and foundry segment, driven by AI. The company is investing in a new headquarters in Almere with an R&D centre, targeting €5.7 billion in sales by 2030. This data improves sentiment in Europe, especially in the context of technology companies, going hand in hand with a decline in political risk following comments quoted in the NYT suggesting attempts at communication between Tehran and the CIA to end the fighting.
Selected company results:
- Orders: €802.8 million (forecast: €772.6 million)
- Gross margin: 49.8% (forecast: 48.7%)
- Gross profit: €347.7 million (forecast: €339 million)
- Operating margin: 24.4% (forecast: 22.4%)
- Operating profit: €170.5 million (forecast: €157.2 million)
- Revenue: €698.0 million (forecast: €697.6 million)
- Revenue from the Equipment division: €485.2 million (forecast: €541.6 million)
- Revenue from Spares & Service: €213.1 million (forecast: €164.2 million)
- Net profit: €166.1 million
- Backlog: €1.25 billion (forecast: €1.24 billion)
ASM International shares are trading close to their all-time highs today. In the longer term, the shares are maintaining a stable upward trend, judging by the exponential moving averages, which remain below the latest share prices. Source: xStation
More information about the company. Source: XTB
More information about the company. Source: XTB
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