Key facts
- ASM International expects Q4 revenue of 1.23 billion euros, beating forecasts.
- The company expects to reach its 2030 sales target of 5.7 billion euros in 2027.
- Third-quarter sales were 1.16 billion euros, exceeding estimates.
ASM International forecast fourth-quarter revenue above expectations and said it would reach its 2030 sales target three years early, driven by AI-related capacity investments. The Dutch chip equipment maker expects fourth-quarter revenue of 1.23 billion euros, plus or minus 5%, beating analysts' average forecast of 1.18 billion euros, according to a poll by LSEG. ASM expects revenue to exceed 5.7 billion euros at constant currencies in 2027, reaching the sales target set for 2030 ahead of schedule. Analysts polled by LSEG expected 2027 revenue of 5.41 billion euros. Third-quarter sales came in at 1.16 billion euros, compared with analysts' estimate of 1.10 billion euros. ASM makes machines that deposit ultra-thin layers of material onto silicon wafers and leads in atomic layer deposition, a technique needed for advanced chip models.