News and Announcements
ASM shares surge as Q1 sales beat forecasts on AI demand
By Frank Prenesti
Date: Wednesday 22 Apr 2026
(Sharecast News) - Shares in ASM International surged on Wednesday after the Dutch semiconductor equipment maker posted better than expected first quarter sales driven by demand for artificial intelligence.
Sales rose to €862.5m from €839.2m, beating forecasts of €834.6m. The company also swung to a net profit of €238.5m compared with a loss of 28.9 million euros a year earlier. Shares in the firm were up more than 8% in European trade.
"End-market demand continues to be primarily driven by AI, even as the broader backdrop has become more uncertain amid the Middle East conflict, rising energy prices, and potential implications for global GDP growth," said chief executive Hichem M'Saad.
Reporting by Frank Prenesti for Sharecast.com
Article Archive
Free Membership To Digital Look
Discover the full range of Investor's Tools and Services from Digital Look - voted 'Best Research & Information Provider 2007' by Investors Chronicle.
En HeaderFooterDLYou are here: research