Q2 2025 ASM International NV Earnings Call Transcript
Key Points
- ASM International NV (ASMIY) reported a 23% year-on-year revenue increase at constant currency, reaching EUR836 million in Q2 2025.
- Equipment sales rose by 25% year-on-year, driven by strong performance in ALD and Epi segments.
- The company maintained a strong gross margin of 51.8%, benefiting from a favorable product and customer mix.
- ASM International NV (ASMIY) achieved a 40% year-on-year increase in operating profit, supported by revenue growth and cost control measures.
- The spares & services business continued to show robust double-digit growth, with a CAGR of almost 20% over the past five years.
- Order intake decreased by 10% compared to the first quarter and 4% year-on-year at constant currency, with a book-to-bill ratio projected to be below one in Q3.
- The memory segment experienced a year-on-year sales decline, with expectations for memory sales to drop to less than 20% of equipment sales in 2025.
- The power/analog/wafer segment remained under pressure, showing no signs of recovery until 2026.
- ASM International NV (ASMIY) faced a currency translation loss of EUR60 million due to the depreciation of the US dollar.
- Visibility in the Chinese market remains low, with expectations for lower sales and bookings in China in the second half of 2025.
Good afternoon. This is the chorus call conference operator. Welcome, and thank you for joining the ASM second-quarter 2025 earnings call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Victor Bareno, Head of Investor Relations. Please go ahead, sir.
Thank you, operator. Good afternoon, and welcome, everyone, to our 2025 Q2 earnings call. I'm joined here today by our CEO, Hichem M'Saad; and our CFO, Paul Verhagen. ASM issued its second quarter 2025 results yesterday at 6:00 p.m. European time. The press release is accessible on our website, asm.com, together with our latest investor presentation.
As a reminder, this earnings call may contain information related to ASM's future business and results, in addition to historical information. For more information on the risk factors related to our forward-looking statements, please refer to our company's press releases, reports and financial statements, which are available on our website.
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