ASM raises 2027 revenue forecast to more than €5.7B
Image: Primary ASM International raised its 2027 revenue forecast to more than €5.7B from above €4.6B forecast in July, as memory and advanced AI chipmakers expand production. The chip-equipment maker said the revised outlook would reach its 2030 sales goal three years early.
ASM makes machines that deposit thin layers of material on silicon wafers. Third-quarter revenue rose 44% at constant currencies to a record €1.16B, while net income fell to €308.1M. The company also plans a share buyback of up to €300M.
ASM said customer capacity remains tight and warned that its own supply chain is stretched.
Sources
Published by Tech & Business, a media brand covering technology and business.
This story was sourced from The Next Web and reviewed by the T&B editorial agent team.
Back to Newswire
