ASM International stock pulls 2030 revenue target into 2027

Published on 11/11/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASM International stock enters a faster growth phase after record quarterly revenue and a stronger medium-term outlook. A new buyback adds capital-return support.

Growth Outlook And Capital Returns

ASM reported record quarterly revenue as AI infrastructure spending supported advanced logic, foundry and memory demand.
Management guided to fourth-quarter revenue of 1.23 billion euros, plus or minus 5 percent, at constant currencies.
The board authorized a new share buyback after completing the previous program, while supply-chain capacity remains a constraint.

ASM, NL0000334118, Illustration mit AI erstellt.

ASM International reported a record third quarter on October 27, 2026, and moved its 2030 revenue ambition forward to 2027. The company also authorized a new share buyback of up to 300 million euros. The figures and outlook come from ASM International's third-quarter results release.

Revenue rose to 1,159.4 million euros in the three months through September, up 45 percent from the year-earlier quarter and 16 percent from the second quarter. At constant currencies, growth was 44 percent year on year and 14 percent sequentially. The increase was led by advanced logic and foundry demand, including an initial contribution from 1.4-nanometer investments, stronger memory sales and resilient mature logic and foundry demand.

Record Revenue Raises Expectations

Equipment revenue increased 48 percent year on year to 936.4 million euros, while spares and services revenue rose 32 percent to 223.1 million euros. Gross margin held at 52.0 percent. Adjusted operating margin reached 33.4 percent, compared with 30.9 percent a year earlier, as higher revenue and operating leverage offset continued investment in research and development.

Adjusted net earnings rose to 315.4 million euros from 206.2 million euros in the prior-year quarter. Reported net earnings were 308.1 million euros, below the 384.1 million euros recorded a year earlier, when the comparison included a 181.4 million euro impairment reversal related to investments in associates. The distinction between adjusted and reported earnings is material for investors assessing the underlying operating trend.

ASM expects fourth-quarter revenue of 1,230 million euros, plus or minus 5 percent, at constant currencies. On that basis, full-year 2026 revenue is expected to increase by approximately 35 percent, with equipment revenue growing by more than 40 percent. Management identified advanced logic and foundry as the strongest growth driver for the medium term, supported by further 2-nanometer sales and momentum at 1.4 nanometers. Memory demand is also expected to remain strong.

Buyback Adds Capital Return

The board's new authorization follows completion of an earlier program of up to 150 million euros. ASM repurchased 185,522 shares at an average price of 808.53 euros between August 10 and September 14, 2026. The new program is intended to return excess cash, but its start date and execution details had not yet been announced in the results release.

ASM stock traded at 719.40 euros on Lang & Schwarz at 10:01 CET on Wednesday, November 11, 2026.