ASM International’s Q4 2025 results of around 803 million euros in bookings and 698 million euros in revenue didn’t offer any surprises, as the Dutch semiconductor equipment maker had pre-announced them in January. The strong intake reflected a rebound from China late in the quarter and sustained demand from advanced logic and foundry customers investing in next-generation nodes, underpinning a healthier market picture than foreseen a few months ago.
In 2025, ASM had tempered expectations for the start of 2026 amid mixed demand conditions. The momentum from China was a particular surprise. “We now expect our sales in China to increase in 2026, a notable improvement from our earlier forecast of a double‑digit decline,” says CEO Hichem M’Saad.
This year, advanced logic will be driving ASM’s sales the most as customers ramp investments in today’s leading tech nodes to support the surge in AI-related demand. In addition, in the second half of 2026, the firm anticipates the first investments in pilot lines for the 1.4nm node. The DRAM segment will see “healthy growth” while some recovery is expected for power/analog/wafer.
ASM projects Q1 revenue to increase to 830 million euros, Q2 revenue to be up from the Q1 level and revenue in the second half of 2026 to be higher than in the first half.
