ASM International's Q4 bookings beat forecasts on China rebound, $930M orders

ASM International reported preliminary fourth-quarter 2025 bookings of €800 million ($930 million), surpassing the €669 million consensus forecast, according to a Visible Alpha poll. The Dutch chip equipment maker cited a recovery in Chinese demand and strong advanced logic/foundry orders as key drivers. Preliminary revenue reached €698 million, exceeding LSEG’s estimate of €656 million. This marks a turnaround from October’s third-quarter results, which were pressured by a sharper-than-expected decline in China orders—the world’s largest chip equipment market. The rebound underscores improving semiconductor capital expenditure trends in Asia, particularly in mature-node manufacturing. ASM International shares rose 3.2% in early trading following the announcement. (Reporting by Nathan Vifflin in Gdansk; editing by Milla Nissi-Prussak)