Asm International ( (ASMIY) ) has released its Q1 earnings. Here is a breakdown of the information Asm International presented to its investors.
ASM International N.V., headquartered in Almere, the Netherlands, is a prominent player in the semiconductor equipment industry, designing and manufacturing solutions for wafer processing with a global presence in the United States, Europe, and Asia. The company is listed on the Euronext Amsterdam Stock Exchange under the symbol ASM.
ASM International reported a strong start to 2025, with first-quarter results showcasing a significant increase in sales and orders, driven by robust demand in AI-related segments. The company’s revenue reached €839 million, marking a 26% increase at constant currencies compared to the same period last year, surpassing the midpoint of their guidance. The gross profit margin also improved to 53.4%, benefiting from a favorable product and customer mix.
Key financial highlights include a 14% year-on-year increase in new orders at constant currencies, reaching €834 million, supported by strong demand for the 2nm gate-all-around (GAA) node and contributions from the Chinese market. Despite a reported net loss due to a €215 million impairment from its stake in ASMPT, the adjusted net earnings stood at €192 million. The company also maintained a strong cash position with €1.1 billion, driven by a robust free cash flow of €264 million.
Looking ahead, ASM International remains optimistic about its growth prospects for 2025, expecting sales to grow by a double-digit percentage, outpacing the wafer fab equipment market. The company anticipates continued strong demand for its GAA technology and healthy memory sales, although the power/analog/wafer market is expected to remain in a downturn. ASM is well-positioned to leverage its R&D investments and global supply chain capabilities to navigate potential challenges and capitalize on emerging opportunities.