Revenue Growth
Third quarter 2025 revenue reached EUR 800 million, up 8% year-on-year at constant currency, driven by a 10% increase in equipment sales.
Strong Gross Margin
Gross margin remained strong at 51.9%, up from 49.4% in the third quarter of last year.
Positive Cash Flow
Free cash flow amounted to EUR 239 million in Q3, excluding earn-outs, and EUR 628 million in the first nine months.
New Wins in Advanced Packaging
Recent new wins in Epi and ALD dipole and work function-related layers in DRAM HBM expected to ramp in 2026 and 2027.
Increased 2030 Financial Targets
ASM raised its gross margin target to 47%-51% and expects revenue to grow to more than EUR 5.7 billion by 2030.