ASM reports Q2 new orders EUR 755.4M vs. EUR 697.9M last quarter

Reports Q2 revenue EUR 706.1M vs. EUR 639.0M last quarter. The company said, “ASM continued its solid performance in the second quarter”, said Hichem M’Saad, CEO of ASM. “Revenue in the second quarter amounted to EUR 706 million, which was an increase of 6% at constant currencies compared to the same quarter of last year, and slightly above the top end of our guidance of EUR 660-700 million. Bookings increased to EUR 755 million, up 56% at constant currencies from the second quarter 2023. Logic/foundry bookings again included a solid level of tool orders related to the gate-all-around 2nm technology node. The GAA node is still projected to move into high-volume manufacturing in the course of 2025, and we expect this to be a strong revenue driver for ASM.”