ASM’s orders dip

ASM International reported a 10 percent decline in bookings for Q2 2025, primarily due to a pullback in advanced logic and foundry orders. However, the company remains confident that this is a short-term pause in an otherwise healthy demand trend, particularly in gate-all-around (GAA) technology.

Echoing recent signals from ASML, management attributed the order softness to temporary timing shifts rather than a change in fundamentals. “The underlying trend in advanced logic/foundry, especially in GAA, remains healthy,” said CEO Hichem M’Saad. ASM expects bookings in this segment to rebound in Q3.

The company maintained its full-year guidance, forecasting constant-currency revenue growth around the midpoint of its 10-20 percent range. ASM also reiterated its expectation to outperform the broader wafer fab equipment (WFE) market, driven by strong momentum in 2nm-node manufacturing and robust demand for high-bandwidth memory (HBM) DRAM. Demand from other parts of the memory market, the power/analog segment and from Chinese firms is expected to soften in H2.

Despite softer bookings, ASM posted a strong quarter overall. Revenue rose 7 percent sequentially and 23 percent year-on-year.