{"id":43726,"date":"2025-09-23T11:36:16","date_gmt":"2025-09-23T11:36:16","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/23\/asm-international-shares-fall-on-revised-guidance-but-analysts-see-long-term-upside\/"},"modified":"2025-09-23T11:36:16","modified_gmt":"2025-09-23T11:36:16","slug":"asm-international-shares-fall-on-revised-guidance-but-analysts-see-long-term-upside","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/23\/asm-international-shares-fall-on-revised-guidance-but-analysts-see-long-term-upside\/","title":{"rendered":"ASM International shares fall on revised guidance, but analysts see long-term upside"},"content":{"rendered":"
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Shares in ASM International fell on Tuesday after the Dutch supplier of semiconductor-manufacturing equipment revised its full-year forecast, citing weaker-than-expected demand in the final months of the year.<\/p>\n

The stock slipped 2.4% to 488.50 euros in early European trading, extending its year-to-date decline to 13%.<\/p>\n

The Amsterdam-listed company now expects full-year revenue to land at the lower end of its previously guided 10%-20% range.<\/p>\n

At constant currencies, second-half revenue is projected to be 5%-10% lower than the first half, as demand cools across several key markets.<\/p>\n

Fourth-quarter weakness clouds outlook<\/h2>\n

While ASM\u2019s third-quarter performance was in line with earlier guidance, the company flagged a deterioration in fourth-quarter demand.<\/p>\n

“This is due to lower-than-expected demand in leading-edge logic\/foundry, with a mixed picture per customer, as well as lower demand in the power\/wafer\/analog markets,” it said in a statement.<\/p>\n

The softer backdrop will also weigh on new bookings, with management warning that the book-to-bill ratio will likely fall below one in the second half. <\/p>\n

That indicates incoming orders will trail revenue, a negative sign for near-term visibility.<\/p>\n

Long-term growth ambitions reaffirmed<\/h2>\n

Despite the near-term headwinds, ASM sought to reassure investors by laying out ambitious growth targets ahead of its investor day. <\/p>\n

The company expects revenue to climb to more than 5.7 billion euros ($6.73 billion) by 2030, supported by a compound annual growth rate of at least 12%.<\/p>\n

Between 2026 and 2030, the gross margin is projected to be 47%-51%, while the operating margin is expected to exceed 30%.<\/p>\n

Free cash flow is anticipated to top 1 billion euros annually by 2030.<\/p>\n

The company also narrowed its 2027 revenue outlook to a range of 3.7 to 4.6 billion euros, down from a prior range of 4 to 5 billion euros, reflecting currency headwinds.<\/p>\n

Analysts highlight order timing issues, sectoral headwinds<\/h2>\n

Market reaction reflected investor disappointment, with analysts noting expectations had been set for a stronger fourth quarter. <\/p>\n

Dutch bank ING said the weaker guidance did not point to a structural decline but rather the timing of orders in the leading-edge logic market. <\/p>\n

“Investors should focus on ASM International’s exposure to long-term technology transitions, which underpin growth from 2026 onward,” the analysts said.<\/p>\n

Degroof Petercam analyst Michael Roeg said the softer outlook may also reflect challenges with major customers, including Intel and Samsung. <\/p>\n

Meanwhile, KBC Securities described the lower 2025 guidance as \u201ca bit unexpected but not unreasonable,\u201d pointing to broader headwinds for the wafer fab equipment sector as Chinese demand normalises.<\/p>\n

The mixed near-term picture leaves investors balancing ASM\u2019s cyclical exposure with its longer-term potential. <\/p>\n

For now, the company\u2019s reaffirmed growth ambitions underline management\u2019s confidence that structural demand for semiconductor equipment will remain intact despite periodic volatility.<\/p>\n

The post ASM International shares fall on revised guidance, but analysts see long-term upside<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares in ASM International fell on Tuesday after the Dutch supplier of semiconductor-manufacturing equipment revised its full-year forecast, citing weaker-than-expected demand in the final months of the year. The stock slipped 2.4% to 488.50 euros in early European trading, extending its year-to-date decline to 13%. The Amsterdam-listed company now expects full-year revenue to land at <\/p>\n","protected":false},"author":1,"featured_media":43727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-43726","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=43726"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/43727"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=43726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=43726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=43726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}