ASM stock advances as 2027 revenue target moves forward

ASM International reported record third-quarter revenue on Tuesday, October 27, and raised its 2027 growth outlook. The company also authorized a new share buyback program, giving investors two central developments to assess in the semiconductor equipment cycle.

Record quarter resets growth expectations

Revenue reached 1.159 billion euros in the third quarter, up 45 percent year on year, or 44 percent at constant currencies. According to ASM International, the result came at the upper end of its guided range and reflected strong AI-related demand and customer capacity expansion.

ASM now expects 2027 revenue to exceed 5.7 billion euros at constant currencies. That would bring forward the revenue target set for 2030 at the companys 2025 investor day by three years.

Advanced logic and foundry are expected to provide the strongest growth contribution, supported by further investment in 2-nanometer production and momentum in 1.4-nanometer applications. ASM also expects strong memory growth, while mature logic and foundry sales are projected to remain broadly stable.

Buyback adds capital return focus

The management board authorized a new share buyback of up to 300 million euros. The previous program of up to 150 million euros was completed in September, with 185,522 shares repurchased at an average price of 808.53 euros, according to Europreneurs Media.

For the fourth quarter, ASM guided to revenue of 1.230 billion euros plus or minus 5 percent at constant currencies. The outlook leaves execution, customer investment plans and supply-chain capacity as key issues for investors through the next reporting cycle.

ASM stock traded at 655.00 euros on Lang & Schwarz at 12:05 CET on Saturday, November 7, 2026.

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