ASM stock: UBS favors ASM stock with a EUR 1,325 target before results

Published on 10/20/2026 at 16:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASM reported EUR 3.2 billion revenue for fiscal year 2025. ASM stock costs EUR 746.20 on October 20, 2026 at Lang & Schwarz, against a EUR 1,092.50 52-week high.

UBS target and price position

UBS favored ASM International with a EUR 1,325.00 target in a September 29, 2026 research note.
ASM reported EUR 3.2 billion revenue and a 51.80 percent gross margin for fiscal year 2025.
ASM stock costs EUR 746.20 at Lang & Schwarz on October 20, 2026 at 4:42 p.m. CEST, 31.67 percent below its 52-week high.
ASM is scheduled to publish third-quarter results on October 27, 2026.

Reinraum mit ALD-Prozesskammer, Wafern und Technikern in Schutzanzügen — ASM International N.V. (NL0000334118) zeigt Reinraum mit ALD-Prozesskammern, Wafer-Handling-Robotern und Technikern in Schutzkleidung, Illustration mit AI erstellt.

ASM International (NL0000334118) is trading at EUR 746.20 at Lang & Schwarz on October 20, 2026 at 4:42 p.m. CEST, while UBS has named the company its second preferred European semiconductor equipment stock with a EUR 1,325.00 target. The UBS view came in a research note dated September 29, 2026, as reported by Yahoo Finance.

UBS sees 36 percent growth

UBS forecasts ASM revenue growth of 36.00 percent in fiscal year 2027, compared with consensus growth of 29.00 percent. For fiscal year 2028, the forecast is 33.00 percent growth against consensus of 19.00 percent. The same research note puts ASM's 2027 earnings-per-share estimate 10.00 percent above consensus and its 2028 estimate 20.00 percent above consensus.

The target sits 77.57 percent above the Lang & Schwarz price, calculated from EUR 1,325.00 and EUR 746.20. UBS also cited ASM's exposure to advanced logic, memory and mature-node demand ahead of the third-quarter report.

Revenue and margins set the base

ASM's investor materials report EUR 3.2 billion revenue, a 51.80 percent gross margin, a 29.60 percent operating margin and EUR 434.0 million free cash flow for fiscal year 2025, according to ASM. Those figures define the operating base against which the next interim report will be assessed.

ASM supplies wafer-processing equipment, with a focus on single-wafer atomic layer deposition, silicon epitaxy, vertical furnaces, plasma-enhanced chemical vapor deposition and silicon-carbide epitaxy. The company is headquartered in Almere, the Netherlands, and its primary listing is on Euronext Amsterdam.

October 27 results date

ASM is scheduled to publish its third-quarter 2026 results on October 27, 2026. The date appears in ASM's investor information, while UBS expects management to discuss visibility across advanced logic, memory and mature-node demand.

Stock remains below its annual high

The EUR 746.20 quote is 31.67 percent below the EUR 1,092.50 52-week high and 62.32 percent above the EUR 459.70 low. The current market capitalization is EUR 36.5 billion and the trailing P/E is 34.11, both as of October 20, 2026.

ASM was trading at EUR 746.20 at Lang & Schwarz on October 20, 2026 at 4:42 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ASM stock.