ASM Forecasts $1.15B Q2 Revenue, Beating Estimates

According to a recent financial update, ASM International, a leading European chip equipment manufacturer, has issued a second-quarter revenue forecast that exceeds market expectations, following stronger-than-anticipated first-quarter results. The company, ranked as the second-largest supplier of chip-making equipment in Europe, projects approximately €980 million (around $1.15 billion) in revenue for the upcoming quarter—well above the €883.9 million consensus from LSEG data. In the first quarter, ASM posted €862.5 million in revenue, also surpassing analyst forecasts of €828.5 million.

Analysts note that the robust guidance, released after European market hours, effectively shifts attention away from the company’s decision to discontinue reporting its bookings data—a key metric previously tracked by the industry. ASM cited excessive volatility in the bookings figure as the reason for the change. Michael Roeg, an analyst at Degroof Petercam, stated via email that given the strength of the current guidance, the absence of bookings data is of little concern.

According to ASM CEO Hichem M’Saad, customers are increasing investments not only in current leading-edge technologies but also in test lines for next-generation, more powerful chips expected to be used in future products from companies such as Nvidia and Apple. He further highlighted that clients are ramping up spending on advanced nodes while simultaneously investing in pilot lines for the 1.4nm process node, which is anticipated to launch in the second half of this year.

This positive outlook aligns with recent developments in the sector. According to earlier reports, industry leader ASML also raised its guidance for 2026, indicating sustained demand for artificial intelligence-related remains resilient despite economic disruptions arising from geopolitical tensions in the Middle East.