Alme e, The Nethe la dsOctobe 27, 2026, 6 p.m. CET
Reco d qua te o leadi g-edge g owth; 2027 eve ue outlook above €5.7 billio
ASM I te atio al N.V. (Eu o ext Amste dam: ASM) today epo ts its thi d qua te 2026 esults (u audited).
- Reve ue eached a ew eco d level of €1,159 millio i Q3 2026, at the uppe e d of the guided a ge, d ive by st o g AI- elated dema d a d solid executio amid o goi g custome capacity amps.
- Q3 eve ue was up 44% yea -o -yea at co sta t cu e cies, d ive by a accele atio i adva ced logic/fou d y sales, i cludi g a fi st solid co t ibutio f om 1.4 m i vestme ts, st o g g owth i memo y sales, a d co ti ued obust dema d i the matu e logic/fou d y ma ket.
- G oss ma gi emai ed stable at 52.0%, adjusted ope ati g ma gi was 33.4%, a d adjusted et ea i gs i c eased by €109 millio yea -o -yea to €315 millio .
- Reve ue is p ojected to i c ease to €1,230 millio +/-5% i Q4 2026, at co sta t cu e cies.
- Fo 2027, ASM p ojects eve ue to i c ease to mo e tha €5.7 billio at co sta t cu e cies, eachi g the eve ue ta get set fo 2030 at its 2025 I vesto Day th ee yea s ahead of pla .
- The Ma ageme t Boa d autho ized today a ew sha e buyback p og am of up to €300 millio , taki g i to accou t ASM’s st o g cash positio a d fi a cial pe fo ma ce.
Fi a cial highlights
| € millio | Q3 2026 | Q2 2026 | Q3 2025 | Reve ue | 1,159.4 | 1,003.1 | 800.0 | yoy cha ge % as epo ted | 45% | 20% | 3% | yoy cha ge % at co sta t cu e cy | 44% | 24% | 8% | G oss p ofit | 603.2 | 521.1 | 414.9 | G oss ma gi % | 52.0% | 51.9% | 51.9% | Ope ati g esult | 378.9 | 322.8 | 242.8 | Ope ati g ma gi % | 32.7% | 32.2% | 30.3% | Adjusted ope ati g esult 1 | 386.7 | 330.5 | 247.5 | Adjusted ope ati g ma gi %1 | 33.4% | 33.0% | 30.9% | Net ea i gs | 308.1 | 285.4 | 384.1 | Adjusted et ea i gs 1 | 315.4 | 292.9 | 206.2 |
1 Adjusted figu es a e o -IFRS pe fo ma ce measu es. Refe to A ex 3 fo a eco ciliatio of o -IFRS pe fo ma ce measu es.
Comme t
“We delive ed a othe st o g qua te , with eve ue i c easi g 45% yea -o -yea to a ew eco d of €1,159 millio , at the uppe e d of ou guida ce,” said Hichem M’Saad, CEO of ASM. “This pe fo ma ce eflects solid executio by ou teams agai st a backd op of st etched supply chai s. G oss ma gi emai ed at a solid level of 52.0%, steady compa ed with both the p evious qua te a d Q3 last yea , while adjusted ope ati g p ofit i c eased 56% yea -o -yea .
The dema d e vi o me t emai s ve y st o g. The co ti ued build-out of AI i f ast uctu e is d ivi g sig ifica t capacity equi eme ts ac oss the i dust y, pa ticula ly i the leadi g edge. Capacity emai s tight ac oss ou custome base, a d custome s a e movi g quickly to i c ease output.
Ac oss ou custome segme ts, adva ced logic/fou d y was the mai d ive du i g the qua te , both i te ms of eve ue a d g owth. This was suppo ted by co ti ued st o g i vestme t i 2 m a d i c eased activity at 3 m to 5 m, as well as the fi st solid sales co t ibutio f om 1.4 m. Memo y sales also i c eased st o gly, pa ticula ly i HBM- elated DRAM, eflecti g highe levels of custome i vestme t. Matu e logic/fou d y sales, mai ly d ive by the Chi ese ma ket, emai ed obust.
A othe highlight of the qua te was the lau ch of XP8® Ve tos™ Flowable Ca bo , the i dust y’s fi st PECVD flowable ca bo film tech ology. Al eady deployed i high-volume ma ufactu i g, Flowable Ca bo add esses i c easi gly complex patte i g challe ges i adva ced 3D logic a d memo y devices. It is a st o g example of how we a e leve agi g ou mate ials discove y expe tise beyo d ALD a d Epitaxy to u lock ew g owth oppo tu ities i a eas such as PECVD.”
Outlook
Fo Q4 2026, at co sta t cu e cies, we expect eve ue of €1,230 millio +/-5%. Supply chai co ditio s a e i c easi gly tight, a d we co ti ue to wo k closely with ou supplie s a d custome s to suppo t the pla ed amp i shipme ts. Based o ou Q4 guida ce, eve ue fo the full yea 2026 is expected to i c ease by app oximately 35% at co sta t cu e cies, with equipme t eve ue expected to g ow by mo e tha 40%.
Fo 2027, we p oject eve ue to i c ease to mo e tha €5.7 billio at co sta t cu e cies. This mea s we expect to achieve the eve ue ta get set fo 2030 at ou 2025 I vesto Day th ee yea s ahead of pla . Adva ced logic/fou d y is expected to be ou st o gest g owth d ive i 2027, suppo ted by fu the i c eases i 2 m- elated sales a d st o g mome tum i 1.4 m. We ca ow co fi m a solid double-digit i c ease i ou se ved available ma ket at 1.4 m compa ed with 2 m, togethe with highe ma ket sha e. We also expect st o g g owth i memo y. Based o cu e t visibility a d assumi g o mate ial cha ges i the egulato y e vi o me t, matu e logic/fou d y sales a e expected to emai elatively stable, while the ecove y i the powe /a alog/wafe segme ts is expected to st e gthe fu the i 2027.
New €300 millio sha e buyback p og am autho izedThe sha e buyback p og am of up to €150 millio , as a ou ced o Ma ch 3, 2026, was completed i the thi d qua te . The p og am sta ted o August 10, 2026, a d was completed o Septembe 14, 2026. I total, we epu chased 185,522 sha es at a ave age p ice of €808.53, u de the 2026 p og am.
The Ma ageme t Boa d today autho ized a ew sha e buyback p og am of up to €300 millio , taki g i to accou t ASM’s st o g cash positio a d fi a cial pe fo ma ce. The p og am is pa t of ASM’s commitme t to etu excess cash to its sha eholde s. Fu the details will be a ou ced p io to the comme ceme t of the p og am.
About ASM
ASM I te atio al N.V., headqua te ed i Alme e, the Nethe la ds, a d its subsidia ies desig a d ma ufactu e equipme t a d p ocess solutio s to p oduce semico ducto devices fo wafe p ocessi g, a d have facilities i the U ited States, Eu ope, a d Asia. ASM’s commo stock t ades o the Eu o ext Amste dam Stock Excha ge (symbol: ASM). Fo mo e i fo matio , visit ASM’s website at www.asm.com.
Cautio a y Note Rega di g Fo wa d-Looki g Stateme ts: All matte s discussed i this p ess elease, except fo a y histo ical data, a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts i volve isks a d u ce tai ties that could cause actual esults to diffe mate ially f om those i the fo wa d-looki g stateme ts. These i clude, but a e ot limited to, eco omic co ditio s a d t e ds i the semico ducto i dust y ge e ally a d the timi g of the i dust y cycles specifically, cu e cy fluctuatio s, co po ate t a sactio s, fi a ci g a d liquidity matte s, the success of est uctu i gs, the timi g of sig ifica t o de s, ma ket accepta ce of ew p oducts, competitive facto s, litigatio i volvi g i tellectual p ope ty, sha eholde s o othe issues, comme cial a d eco omic dis uptio due to atu al disaste s, te o ist activity, a med co flict o political i stability, cha ges i impo t/expo t egulatio s, pa demics, epidemics a d othe isks i dicated i the compa y’s epo ts a d fi a cial stateme ts. The compa y assumes o obligatio o i te ds to update o evise a y fo wa d-looki g stateme ts to eflect futu e developme ts o ci cumsta ces.
This p ess elease co tai s i side i fo matio withi the mea i g of A ticle 7(1) of the EU Ma ket Abuse Regulatio .
Qua te ly ea i gs co fe e ce call details
ASM will host the qua te ly ea i gs co fe e ce call a d webcast o Wed esday, Octobe 28, 2026, at 3:00 p.m. CET.
Co fe e ce-call pa ticipa ts should p e- egiste usi g this li k to eceive the dial-i umbe s, passcode a d a pe so al PIN, which a e equi ed to access the co fe e ce call.
A simulta eous audio webcast a d eplay will be accessible at this li k.
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