ASMI cuts H2 outlook on weaker chip demand, sees Q4 revenue below forecast

[Main microchip on the motherboard]
sankai

ASM International (OTCQX:ASMIY [https://seekingalpha.com/symbol/ASMIY]) on Tuesday reaffirmed its Q3 revenue guidance but warned that it now expects Q4 revenue to fall below prior expectations.

The revision reflects weaker-than-anticipated demand in leading-edge logic/foundry markets, with a mixed picture per customer, as well as lower demand in the power/wafer/analog space.

As a result, second-half 2025 revenue is projected to be 5%–10% lower than the first half, at constant currency, the company said [https://www.asm.com/press-releases/3154400].

The updated guidance for H2 2025 implies that revenue growth (at constant currencies) for the full year 2025 will be at the lower end of the previously guided range of 10%-20%.

For the full year 2025, ASM International (OTCQX:ASMIY [https://seekingalpha.com/symbol/ASMIY]) still expects to grow strongly in leading-edge logic/foundry, arguing that the structural outlook for this market segment remains strong.

Furthermore, ASM launched its financial targets for 2030, including revenue projected to increase to more than €5.7 billion by 2030. This implies a 2024-2030 CAGR of at least 12%.

Free cash flow is expected to increase to more than €1 billion by 2030 (2024: €534 million).

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