ASM International’s second-quarter results fell below expectations with orders totaling EUR 703 million, down 7% year-on-year. Management anticipates third-quarter orders to surpass this quarter, with memory orders expected to contribute less to revenue. Despite this, ASM reaffirmed its market share goals. Analysts maintain a EUR 635 fair value estimate for ASM, offering 40% upside potential. To reach projected 2026 sales of EUR 3.8 billion, ASM needs an average of EUR 770 million in quarterly orders over the next year. In 2027, sales are forecasted to reach EUR 4.4 billion with gross margins expanding above 52%.

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