ASM sees order dip bottoming out in Q4

ASM reported a third-quarter 2025 revenue of 800 million euros, up 8 percent year on year at constant currencies, after flat sequential growth from Q2. While new orders fell to 637 million euros, the company says the order decline will bottom out in Q4. “We project quarterly orders to pick up again as 2026 progresses,” comments CEO Hichem M’Saad.

ASM highlighted healthy demand in its advanced logic/foundry segment (especially 2nm and GAA nodes), stable high-bandwidth memory (HBM) related DRAM equipment demand and an expected gradual recovery in power/analog/wafer markets in 2026. Meanwhile, demand from China is “gradually normalizing” after a period of relatively high demand.