ASM International on Tuesday provided second-quarter revenue guidance that exceeded market expectations, following a first-quarter performance that also came in ahead of forecasts. The European chip-equipment manufacturer put its Q2 revenue outlook at about 980 million euros, compared with LSEG data consensus of 883.9 million euros.
For the first quarter, ASM recorded revenue of 862.5 million euros, above analysts' estimates of 828.5 million euros. The revenue guidance was published after the European market close.
Alongside the upbeat outlook, the company said it would stop publishing its new order figures, explaining that those numbers are too volatile. The decision did not appear to damp investor attention, given the strength of the revenue forecast. "With a beat in guidance like this, we couldn’t care less about no longer providing bookings numbers," Degroof Petercam analyst Michael Roeg said in an email.
Industry peers have shown similar signs of resilient demand. Sector major ASML last week raised its 2026 guidance, a move the company tied to continued strength in demand for artificial intelligence capacity despite disruptions from the Middle Eastern war.
ASM's Chief Executive Hichem M’Saad highlighted that customers were increasing investment not only in the most advanced technology available today, but also in testing production capabilities for the next generation of more powerful chips. "Customers are stepping up spending at today’s leading-edge nodes, in addition to pilot-line investments for the 1.4nm node which are expected to start in the second half of the year," he said. The firm noted these future chips could be incorporated into products from Nvidia and Apple.
The company and market commentary underscore demand drivers across advanced chipmaking equipment, where both current node capacity and pilot-line investments contribute to near-term and medium-term revenue streams. ($1 = 0.8513 euros)
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