Dutch semiconductor equipment manufacturer BE Semiconductor Industries, known as BESI, announced Thursday that it is raising both its long-term revenue projections and operating margin goals, driven by stronger order activity and rising demand tied to data center and photonics applications.
BESI shares have more than doubled since January, a reflection of investor confidence in the company’s advanced packaging technology as chipmakers look for new methods to boost computing power for artificial intelligence. The stock held relatively steady in early trading following the announcement.
The company now projects long-term revenue in the range of 1.7 billion euros to 2.2 billion euros — equivalent to roughly $1.96 billion to $2.54 billion — an increase from its previous target of 1.5 billion euros to 1.9 billion euros. The updated figures were shared ahead of the company’s investor day scheduled for 2026 in Amsterdam.
BESI also adjusted its operating margin target, lifting the lower bound from 40% to 45%, while leaving the upper ceiling at 55% unchanged.
No specific timeline was provided by the company for when it expects to reach these financial milestones.
ING analyst Marc Hesselink offered a measured take on the news in a research note, saying: “While the long-term structural drivers remain intact, (…) the guidance increase appears largely anticipated and reflected in consensus positioning.”
Hesselink added that he would not rule out some investors choosing to take profits following the announcement, given the stock’s elevated valuation.
