ASM International Cuts Full-Year Expectations on Weaker Demand
By Najat Kantouar
ASM International cut its earnings expectations for the full year as it expects its second-half performance to be hit by lower-than-expected demand in keys segments.
The Dutch supplier of semiconductor-making equipment now anticipates full-year revenue to be at the lower end of the previously guided range of 10%-20%, due to lower customer demand expected in the second half.
ASM expects second-half revenue to be 5%-10% lower compared with the first half, at constant currencies, reflecting anticipated lower-than-expected customer demand in key markets in the fourth quarter.
For bookings, the anticipated weakness is projected to result in a book-to-bill of below 1 in the second half, it added.
Ahead of its investor day, the Amsterdam-listed company outlined its 2030 financial targets. The company expects revenue to increase to more than 5.7 billion euros ($6.73 billion) by 2030, and its gross margin to be in a range of 47%-51% between 2026-30. Free cash flow is anticipated to increase to more than 1 billion euros by 2030.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
September 23, 2025 02:46 ET (06:46 GMT)
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