Dutch semiconductor equipment manufacturer ASM International NV increased its 2027 revenue forecast by 24% to over €5.7 billion ($6.3 billion), hitting its 2030 target three years ahead of schedule. The upgrade is driven by aggressive artificial intelligence data center investments from major customers like TSMC and Intel. ASM reported a 44% surge in Q3 2026 revenue to €1.16 billion, though it warned its supply chain remains stretched under tight manufacturing capacity.
ASM 2027 revenue target raised
- ▪ASM International NV increased its 2027 revenue target by about 24% to exceed €5.7 billion ($6.3 billion) at constant currencies, accelerating its original 2030 sales target by three years
- ▪ASM International NV expects fourth-quarter 2026 revenue of 1.23 billion euros ($1.37 billion), plus or minus 5%, exceeding analysts' average LSEG estimate of 1.18 billion euros
- ▪ASM International NV announced a share buyback plan of up to €300 million alongside its raised 2027 financial targets of over €5.7 billion in revenue
AI-driven chip equipment demand
- ▪ASM International NV Chief Executive Officer Hichem M'Saad stated that customer manufacturing capacity remains tight and customers are moving quickly to increase output
- ▪Surging demand for advanced logic and memory chips used in artificial intelligence data centers is driving sales growth for semiconductor equipment suppliers
- ▪ASM International NV leads in atomic layer deposition technology, which deposits ultra-thin films one atomic layer at a time onto silicon wafers for advanced chips
Customer capacity expansion investments
- ▪Taiwan Semiconductor Manufacturing Co. plans capital expenditures of up to $64 billion to build chip production facilities for customers including Nvidia Corp. and Apple Inc.
- ▪Intel Corp. estimated spending approximately $20 billion on new manufacturing plants and equipment during 2026
Supply chain constraints
- ▪Lithography equipment manufacturer ASML Holding NV announced plans to boost production capacity because current output cannot meet 2027 and 2028 customer demand
- ▪ASM International NV warned that its supply chain is stretched and is working with suppliers and customers to accelerate equipment shipments
Third-quarter financial results
- ▪ASM International NV third-quarter 2026 revenue rose 44% at constant currencies year-over-year to €1.16 billion, beating analyst estimates of €1.10 billion
- ▪ASM International NV reported that its net income declined to €308.1 million in the third quarter of 2026 despite beating average analyst estimates
Story comments
Loading comments…