From GlobeNewswire: 2025-04-23 03:05:00

Besi Semiconductor Industries N.V. reported Q1-25 revenue of €144.1 million, down 6.1% from Q4-24 due to lower shipments for high-end mobile applications. Net income was €31.5 million, a 46.9% decrease from Q4-24. Orders of €131.9 million were up 8.2% from Q4-24, driven by bookings for AI-related data center applications. The company’s gross margin was 63.6%.

Despite challenges, Besi saw growth in hybrid bonding and AI-related computing applications in Q1-25. The company announced significant orders and partnerships in the semiconductor industry. Net income decreased to €31.5 million due to lower revenue, offset by decreased operating expenses. Besi’s gross margin trended to the lower end of the target range at 63.6%.

Applied Materials acquired a 9% ownership stake in Besi, reinforcing their collaboration in developing advanced equipment solutions. Besi’s business development reflects growth in AI applications despite uncertainties in mainstream assembly markets. Q2-25 revenue is forecasted to be flat, with gross margins ranging between 62-64%.

Besi repurchased €22.1 million of its shares in Q1-25, totaling €51.4 million under the current €100 million share repurchase plan. The company has approximately 2.0 million shares in treasury. Besi’s upcoming events include an annual general meeting on April 23, an investor day in June, and the publication of Q2, Q3, and Q4 results throughout the year.

The financial statements for Q1-25 show a decrease in revenue and gross profit compared to the previous quarter. Operating income was €39.3 million, with a net income of €31.5 million. Cash and cash equivalents at the end of the period were €405.736 million, up from €232.053 million at the beginning.



Read more at GlobeNewswire:: BE Semiconductor Industries N.V. Announces Q1-25 Results