ASM stock reports record Q2 revenue as AI demand builds

Published on 09/29/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASM stock delivered EUR 1.0 billion in Q2 2026 revenue, up 24 percent year over year at constant currency. Berenberg set a EUR 1,200.00 target.

Makroaufnahme einer schillernden Wafer-Oberfläche mit feinen Schaltkreisen — ASM International N.V. (NL0000334118): Makroaufnahme einer Wafer-Oberfläche mit schillernder Dünnschicht nach ALD-Beschichtung, Illustration mit AI erstellt.

ASM (ISIN NL0000334118) delivered EUR 1.0 billion in second-quarter 2026 revenue, up 24 percent year over year at constant currency. The company also maintained an adjusted operating margin of 33 percent as AI-related semiconductor investment supported demand.

ASM stock was last at EUR 848.80 on Euronext Amsterdam on September 28, 2026, at 5:35 p.m. CEST. The price was EUR 4.20, or 0.50 percent, above the prior close of EUR 844.60, while the session range ran from EUR 831.20 to EUR 870.00.

Q2 revenue clears guidance

According to the Yahoo Finance transcript dated July 29, 2026, second-quarter revenue increased 15 percent from the first quarter and exceeded the EUR 980 million guidance level. Gross margin reached 51.9 percent, while free cash flow rose to EUR 355 million.

Management guided to third-quarter revenue of EUR 1.1 billion and expects second-half revenue to increase more than 20 percent from the first half at constant currency. The transcript also identified 1.4-nanometer pilot-line activity and advanced DRAM demand as important growth drivers, while China visibility and export controls remain factors in the revenue mix.

Berenberg raises target to EUR 1,200.00

As MarketWatch reported on September 9, 2026, Berenberg raised its ASM price target from EUR 1,140.00 to EUR 1,200.00. The change followed the house view that 1.4-nanometer technology can expand ASM's opportunity in advanced deposition equipment.

The target stands EUR 351.20 above the latest reference price, equivalent to 41.37 percent above EUR 848.80. ASM also completed its EUR 150 million 2026 buyback program on September 14, repurchasing 185,522 shares at an average price of EUR 808.53, according to Yahoo Finance.

ASM stock stays below yearly high

ASM stock remains within a wide 52-week range of EUR 459.70 to EUR 1,092.50. Its market capitalization was EUR 41.6 billion and trading volume was 115,818 shares as of September 28, 2026, giving investors a clear valuation backdrop for the company’s growth outlook.