Business · Companies · 7 hrs ago
ASM raises 2027 revenue target on strong AI-related demand
ASM International raised its 2027 revenue target to more than €5.7 billion, up from its July forecast of more than €4.6 billion.
The Dutch chip-equipment maker says AI investment is driving demand for memory and advanced logic chips used in data centers.
ASM makes tools that deposit thin layers on silicon wafers, a key step in making semiconductors.
The company says its customers are increasing production, as they seek chips with better efficiency and performance.
ASM said its supply chain is stretched, but it is working with suppliers and customers to speed up shipments.
It also announced a share buyback of up to €300 million.
In the third quarter, revenue rose 44% to €1.16 billion, while net income fell to €308.1 million; both results beat analysts’ average estimates.
ASM International raised its 2027 revenue target to more than €5.7 billion at constant currencies.
The new target is about 24% higher than its July forecast of more than €4.6 billion.
The company said strong demand linked to artificial-intelligence investment is driving growth.
Demand from memory and advanced-logic chipmakers is expected to support sales.
ASM also announced a share buyback plan of up to €300 million.
- Who
- ASM International, a chip-equipment maker based in Almere, Netherlands.
- What
- It raised its 2027 revenue target to more than €5.7 billion at constant currencies and announced a share buyback plan of up to €300 million.
- When
- Tuesday, October 27, 2026.
- Where
- ASM is based in Almere, Netherlands. The revenue target covers 2027.
- Why
- The company cited strong demand linked to AI investment, including from memory and advanced-logic chipmakers.
This story does not have two clearly opposing sides.
ASM forecast 2027 revenue above €4.6 billion.
Revenue rose 44% at constant currencies from a year earlier to €1.16 billion, while net income was €308.1 million.
ASM raised its 2027 revenue target to more than €5.7 billion at constant currencies and announced a share buyback plan of up to €300 million.
- 2027 revenue target
- More than €5.7 billion at constant currencies
- Previous forecast
- More than €4.6 billion in July
- Increase
- About 24%
- Share buyback plan
- Up to €300 million
- Third-quarter revenue
- €1.16 billion, up 44% at constant currencies year over year
2 sources
What people are saying
The demand environment remains very strong
Capacity remains tight across our customer base, and customers are moving quickly to increase output.