ASMI lifts 2027 outlook, forecasts third-quarter revenue above estimates
The Dutch chip equipment maker said AI-related demand is offsetting weakness in automotive, PC and memory markets.
- On Tuesday, ASM International upgraded its 2027 revenue outlook and forecast third-quarter revenue of about 1.1 billion euros, driven by sustained demand from customers investing in AI-driven infrastructure.
- Chief Executive Officer Hichem M'Saad said Wednesday that 'the need for leading-edge technology is going to continue unabated,' citing sustained investment in AI infrastructure to support rapidly expanding compute workloads.
- Taiwan Semiconductor Manufacturing, one of ASM's top customers, boosted its capital expenditure outlook to $64 billion for this year. ASM expects revenue to grow by more than 20 per cent in the second half of 2026.
- Despite strong results, ASM shares fell, making the company the worst performer on the Stoxx Europe Technology Index. Investors remain focused on the sustainability of AI-driven spending amid market turmoil.
- Jefferies analysts said 'there is unlikely to be material upside to 2027 consensus estimates,' though Saad emphasized long-term fundamentals remain strong. ASM continues to see strong demand for its ALD and Epi technologies.
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12 Articles
The Dutch chip machine manufacturer ASM generated record revenue of 1 billion euros last quarter. That is 20 percent higher than the same…
In addition to ASML, ASM, the second-largest Dutch manufacturer of chip machines, continues to benefit from the global growth of artificial intelligence (AI). The record revenue of more than 1 billion euros from the past quarter for the company from Almere would normally be cause for celebration. But that was briefly disrupted today by concerned shareholders. Remarkably, this morning ASM was by far the biggest loser on the Amsterdam stock excha…
ASMI was among the losers on the Amsterdam stock exchange on Wednesday, despite strong results. The chip supplier once again benefited last quarter from massive investments in infrastructure for artificial intelligence (AI) and posted revenue of more than 1 billion euros. CEO Hichem M’Saad spoke of a strong quarter. ASMI also became more positive about revenue in 2027 thanks to continued strong order intake this year.
ASM raises 2027 revenue outlook as AI-driven chip demand lifts forecast
On July 28, ASM International raised its revenue outlook for 2027 and issued third-quarter guidance above market expectations after reporting higher second-quarter revenue and profit, supported by continued investment in artificial intelligence infrastructure and advanced semiconductor manufacturing.
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