ASM International, a Netherlands-based maker of semiconductor manufacturing equipment, announced Tuesday that it expects third-quarter revenue to come in higher than analysts had anticipated, as companies continuing to pour money into artificial intelligence infrastructure keep demand for its products strong.
The company projected third-quarter revenue of approximately 1.1 billion euros — roughly $1.25 billion — at constant exchange rates, with a margin of plus or minus 5%. That figure stands well above the analyst consensus estimate of 994.5 million euros.
Spending tied to AI development has helped cushion the impact of slower demand in the automotive, personal computer, and memory chip markets.
Chief Executive Hichem M’Saad highlighted the favorable conditions in a written statement: “The demand environment remained highly favorable in the second quarter, driven by sustained investment in AI infrastructure to support rapidly expanding compute workloads.”
ASM International, which ranks as Europe’s second-largest semiconductor equipment company, posted second-quarter revenue of 1 billion euros — surpassing the analyst average estimate of 977.7 million euros.
