BE Semiconductor Industries NV

BESI: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Besi Earnings: The Hybrid Bonding Flywheel Is Spinning, but Valuation Demands Flawless Execution

Javier Correonero

Apr 23, 2026

Besi reported EUR 270 million in first-quarter orders. We anticipate order momentum will continue to build up through the year, thanks to accelerating advanced packaging investments worldwide and higher hybrid bonding adoption.

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BE Semiconductor Industries NV

Besi Earnings: The Hybrid Bonding Flywheel Is Spinning, but Valuation Demands Flawless Execution

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