ASM posts record €1,003M quarter on 2nm logic and HBM demand, expects 2026 revenue above €4B

ASM International/ALD and epitaxy for gate-all-around chips

ASM's Q2 2026 revenue rose 24% at constant currency to a record €1,003M, with demand accelerating in leading-edge logic, particularly 2 nm, and solid growth in HBM-related DRAM. CEO Hichem M'Saad cited new wins for molybdenum ALD at the 1.4 nm node, which should first contribute meaningfully in H2 2026.

• Gross margin 51.9%; adjusted operating margin 33.0%; record free cash flow €355M.
• Q3 2026 guided at €1,100M ±5%; H2 revenue expected over 20% above H1.
• A DRAM customer selected ASM's epitaxy tool during the quarter.
• 2027 revenue now expected above the top of the €3.7-4.6B range.