UBS keeps Buy rating for ASM stock with 36.00 percent growth
Published on 10/13/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- UBS kept a Buy rating and forecast 36.00 percent 2027 revenue growth versus 29.00 percent consensus.
- ASM reported EUR 1.00 billion second-quarter 2026 revenue, up 24.00 percent at constant currency.
- The stock was trading at EUR 852.10 at Lang & Schwarz on October 13, 2026, 3.56 percent below the October 9 Xetra close.
- Third-quarter results are scheduled for October 27, 2026, followed by the earnings call on October 28, 2026.
ASM International stock was trading at EUR 852.10 at Lang & Schwarz on October 13, 2026 at 9:45 a.m. CEST, 3.56 percent below the Xetra close of October 9, 2026 at EUR 883.60. On September 29, 2026, UBS maintained a Buy rating and forecast 36.00 percent revenue growth for fiscal 2027 versus 29.00 percent consensus, giving the semiconductor equipment maker a clear growth test ahead of its next report.
Three dates define the setup
On March 12, 2026, ASM's investor materials reported EUR 3.2 billion of fiscal 2025 revenue, a 51.80 percent gross margin, a 29.60 percent operating margin and EUR 434.0 million of free cash flow, according to ASM. On July 28, 2026, ASM reported EUR 1.003 billion of second-quarter revenue, up 24.00 percent year over year at constant currency, according to De Belegger. On September 29, 2026, UBS forecast 36.00 percent fiscal 2027 revenue growth against 29.00 percent consensus in its semiconductor outlook, as Investing.com reported.
What do the growth forecasts require?
The forecast gap is seven percentage points, which places execution rather than demand at the center of the next update. ASM's second-quarter revenue already exceeded the EUR 1.00 billion threshold, while its 33.00 percent adjusted operating margin showed that growth arrived with substantial profitability, according to De Belegger.
The main operational question is whether advanced logic and memory demand can sustain that pace. UBS specifically pointed to advanced logic, memory and mature-node demand ahead of the third-quarter report, while its forecast also implies that ASM must convert technology demand into durable revenue rather than a single-quarter surge.
Two reporting dates are ahead
ASM will publish third-quarter 2026 financial results at approximately 6:00 p.m. CET on October 27, 2026, and will hold its earnings call at 3:00 p.m. CET on October 28, 2026, according to Globenewswire. The release will show whether the EUR 1.1 billion constant-currency revenue outlook discussed after the second quarter is translating into operating progress.
Stock trades below the Xetra close
At Lang & Schwarz, ASM stock was trading at EUR 852.10 on October 13, 2026 at 9:45 a.m. CEST, down EUR 31.50 or 3.56 percent versus the Xetra close of October 9, 2026 at EUR 883.60. The decline gives the upcoming report greater importance because the market is weighing a 36.00 percent growth forecast against the execution evidence still to come. The further course of trading is shown by the continuously updated real-time quote of ASM stock.
ASM International stock facts
- Company: ASM International N.V.
- ISIN: NL0000334118
- Ticker: ASM
- Primary exchange: Euronext Amsterdam
- Price Lang & Schwarz (as of October 13, 2026, 9:45 a.m. CEST): EUR 852.10
- Change versus Xetra close: minus 3.56 percent
- Xetra close (October 9, 2026): EUR 883.60
- Sector / Industry: Information technology / Semiconductors and semiconductor equipment
Market context: Market report AEX.
