ASM International Raises Revenue Outlook Again as AI Chip Demand Stays Strong

what happened

ASM International, a Dutch supplier of wafer processing tools used to deposit thin films, lifted its sales outlook for next year once more, Dow Jones Newswires reported. The company now expects 2027 revenue above 5.7 billion euros, or about $6.37 billion, compared with its earlier view of exceeding the top of a 3.7 to 4.6 billion euro range.

Third-quarter sales reached 1.16 billion euros, up 44% year on year at constant currencies and above the 1.10 billion euro forecast cited from Visible Alpha. Chief Executive Hichem M'Saad said AI infrastructure build-out is creating large capacity needs across the industry, and that customers are moving quickly to raise output.

why it matters

Chipmakers' spending on production tools is a key gauge of the AI hardware cycle. A stronger outlook from a major supplier points to sustained investment across the sector, which supports shares of semiconductor equipment makers. The company also authorized a share buyback of up to 300 million euros.

market impact

ASM International and chip-equipment peers: strong guidance supports sector sentiment

• ▲ASM International shares pressure up — quarterly revenue and outlook beat analyst forecasts
• ▲Semiconductor equipment stocks pressure up — rising capacity spending on AI chips

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