REG-ASM reports third quarter 2026 results
Key Highlights
- ➤Q3 revenue €1,159 million, up 44% year-on-year at constant currencies
- ➤Adjusted net earnings €315 million, up €109 million year-on-year
- ➤Q4 revenue projected at €1,230 million +/-5% at constant currencies
- ➤2027 revenue projected above €5.7 billion, reaching 2030 target three years early
- ➤New share buyback program authorized for up to €300 million
Expert Statements
Hichem M’Saad, CEO of ASM
“We delivered another strong quarter, with revenue increasing 45% year-on-year to a new record of €1,159 million, at the upper end of our guidance,”
Hichem M’Saad, CEO of ASM
“This performance reflects solid execution by our teams against a backdrop of stretched supply chains.”
Hichem M’Saad, CEO of ASM
“Gross margin remained at a solid level of 52.0%, steady compared with both the previous quarter and Q3 last year, while adjusted operating profit increased 56% year-on-year.”
Hichem M’Saad, CEO of ASM
“The demand environment remains very strong.”
Hichem M’Saad, CEO of ASM
“The continued build-out of AI infrastructure is driving significant capacity requirements across the industry, particularly in the leading edge.”
Hichem M’Saad, CEO of ASM
“Capacity remains tight across our customer base, and customers are moving quickly to increase output.”
Hichem M’Saad, CEO of ASM
“Across our customer segments, advanced logic/foundry was the main driver during the quarter, both in terms of revenue and growth.”
Hichem M’Saad, CEO of ASM
“This was supported by continued strong investment in 2nm and increased activity at 3nm to 5nm, as well as the first solid sales contribution from 1.4nm.”
Hichem M’Saad, CEO of ASM
“Memory sales also increased strongly, particularly in HBM-related DRAM, reflecting higher levels of customer investment.”
Hichem M’Saad, CEO of ASM
“Mature logic/foundry sales, mainly driven by the Chinese market, remained robust.”
Hichem M’Saad, CEO of ASM
“Another highlight of the quarter was the launch of XP8® Vertos™ Flowable Carbon, the industry’s first PECVD flowable carbon film technology.”
Hichem M’Saad, CEO of ASM
“Already deployed in high-volume manufacturing, Flowable Carbon addresses increasingly complex patterning challenges in advanced 3D logic and memory devices.”
Hichem M’Saad, CEO of ASM
“It is a strong example of how we are leveraging our materials discovery expertise beyond ALD and Epitaxy to unlock new growth opportunities in areas such as PECVD.”
Record quarter on leading-edge growth; 2027 revenue outlook above €5.7 billion
ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2026 results (unaudited). * Revenue reached a new record level of €1,159 million in Q3 2026, at the upper end of the guided range, driven by strong AI-related demand and solid execution amid ongoing customer capacity ramps. * Q3 revenue was up 44% year-on-year at constant currencies, driven by an acceleration in advanced logic/foundry sales, including a first solid contribution from 1.4nm investments, strong growth in memory sales, and continued robust demand in the mature logic/foundry market. * Gross margin remained stable at 52.0%, adjusted operating margin was 33.4%, and adjusted net earnings increased by €109 million year-on-year to €315 million. * Revenue is projected to increase to €1,230 million +/-5% in Q4 2026, at constant currencies. * For 2027, ASM projects revenue to increase to more than €5.7 billion at constant currencies, reaching the revenue target set for 2030 at its 2025 Investor Day three years ahead of plan. * The Management Board authorized today a new share buyback program of up to €300 million, taking into account ASM’s strong cash position and financial performance. Financial highlights
Get started
Create a free account to read the full story.