Q2 2026 ASM International NV Earnings Call Transcript
Key Points
- ASM International NV (ASMIY) reported Q2 2026 revenue of EUR1 billion, surpassing guidance of EUR980 million.
- Revenue increased by 24% year-on-year and 15% compared to Q1 2026 on a constant currency basis.
- Gross margin for Q2 was a strong 51.9%, benefiting from a favorable product and customer mix.
- Free cash flow reached a record EUR355 million, driven by strong profitability and improved working capital days.
- The company expects Q3 revenue to increase to EUR1.1 billion, with second-half revenue projected to be over 20% higher than the first half.
- Despite strong performance, the mature Logic Foundry segment is expected to decline in the second half of 2026.
- There is ongoing stress in the supply chain, which could impact future operations.
- Visibility in the China market remains low, with potential impacts from export controls.
- The company faces cost inflation pressures, which may not always be easy to offset through pricing.
- ASM International NV (ASMIY) has a relatively low market share in the memory segment, particularly in China.
Good afternoon, this is the Korusko conference operator. Welcome and thank you for joining the ASM second quarter 2026 earnings call.
As a reminder, all participants are in listen-only mode and after the presentation, there will be an opportunity to ask questions.
Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone.
At this time, I would like to turn the conference over to Mr. Victor Barreno, Head of Investor Relations. Please go ahead, sir.
Thank you, operator. Good afternoon and thank you for joining our Q2 earnings call. With me today are our CEO, Nisha Masao and our CFO, Paul Verheyen.
ASM issued its second quarter 2026 results yesterday at 6:00 p.m. Central European Time.
For those of you who have not yet seen the press release. It's available on our website together with our latest investor presentation.
As always, we remind you that today's conference
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