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ASMI lifts 2027 outlook, forecasts third-quarter revenue above estimates
['Ozan Ergenay', 'Min Read']
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By Ozan ErgenayJuly 28 (Reuters) - ASM International on Tuesday forecast third-quarter revenue above market expectations and upgraded its 2027 sales outlook, buoyed by continued demand from customers investing in artificial intelligence infrastructure.
The Dutch semiconductor equipment maker expects third-quarter revenue of about 1.1 billion euros ($1.25 billion) at constant exchange rates, plus or minus 5%, compared with analysts' average estimate of 994.5 million euros.
ASMI said it now expects 2027 revenue to exceed the top end of its previously projected 3.7 billion to 4.6 billion euro range, citing higher wafer fab equipment spending and strong order growth.
"While the H2 outlook is above expectations, there is unlikely to be material upside to 2027 consensus estimates," analysts at Jefferies said.
It said second-half growth is expected to be driven by strong demand for leading-edge logic and foundry services, solid memory growth and a recovery in power, analog and wafer markets.