ASM International expects Q4 sales above forecasts, to hit 2030 goal three years early
The Dutch chip-equipment maker said AI-related demand lifted third-quarter sales and prompted a new share buyback program.
- ASM International raised its 2027 revenue forecast to more than €5.7 billion on Tuesday, positioning the Dutch chipmaker to hit its 2030 sales target three years ahead of schedule.
- Record Third-quarter revenue of €1.16 billion, driven by AI-related capacity investments, surged 44% at constant currencies as memory and advanced chip makers expanded operations.
- CEO Hichem M'Saad said "Capacity remains tight across our customer base, and customers are moving quickly to increase output." Advanced logic and foundry products led growth alongside Memory sales.
- After beating Analysts' estimates, the Management Board authorized a new share buyback program of up to €300 million to return capital to shareholders.
- ASM warned its own supply chain is "stretched," though the company expects continued growth as European toolmakers grapple with output constraints amid surging AI demand.
14 Articles
14 Articles
ASM lifts its 2027 sales forecast by a quarter as AI chipmakers spend
ASM International raised its 2027 revenue forecast to more than €5.7B, from above €4.6B, as memory and AI chipmakers expand. That reaches its 2030 target three years early. Third-quarter revenue rose 44% to a record €1.16B, and ASM plans a buyback of up to €300M. ASM International has raised its 2027 sales forecast by about […] This story continues at The Next Web
ASM International expects Q4 sales above forecasts, to hit 2030 goal three years early
ASM International forecast on Tuesday fourth-quarter revenue above expectations and said it would reach its 2030 sales target three years early, driven by AI-related capacity investments.
ASM Lifts 2027 Outlook as AI Buildout Fuels Demand For Tools
ASM International NV increased its revenue target for next year by about 24%, setting up the chip-equipment maker to hit its 2030 goal three years ahead of schedule, on a surge in sales linked to AI investments.
Reformatorisch Dagblad
Chip supplier ASM International (ASMI) achieved record revenue in the past quarter as a result of continued growth in its AI activities. According to the company, however, pressure on supply chains is increasing, making it more difficult to meet the growing demand.
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