ASM International (ASMIY) AI Stock Analysis

ASM International

(Other OTC:ASMIY)

Select Model

Rating:75Outperform

Price Target:$969.00▲(19.50% Upside)

Action:reiterated

Date:10/29/26

The overall score of 75 reflects a high-quality company facing short-term market pressure. The company's exceptional financial performance and a highly bullish earnings call with strong long-term guidance are the primary strengths, indicating robust business fundamentals and a massive growth runway. However, the stock is currently under significant technical selling pressure, trading below all major moving averages with deeply oversold momentum indicators. The premium valuation, while justified by growth, adds a layer of risk. The score balances the company's outstanding operational and financial health against the current negative market sentiment reflected in the technicals.

Positive Factors

Advanced-node technology leadershipASM’s exposure to 1.4 and 2 nanometer production creates a durable growth runway as chip structures become more complex. Additional ALD, materials, and epitaxy applications can expand its served market and strengthen process positions with leading customers.

Negative Factors

Supply-chain execution riskPersistent component shortages could constrain ASM’s ability to convert strong customer demand into shipments and revenue. Tight supply also raises execution complexity and may pressure margins through higher input costs, making the 2027 growth plan more dependent on supplier coordination.

ASM International (ASMIY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $39.56B
Dividend Yield: 0.47%
Average Volume (3M): 6,195
Price to Earnings (P/E): 35.8
Beta (1Y): 1.36
Revenue Growth: 19.12%
EPS Growth: 30.54%
Country: US
Employees: 4,519
Sector: Technology
Sector Strength: 61
Industry: Semiconductors

ASM International Business Overview & Revenue Model

Company Description

ASM International N.V., together with its subsidiary companies, operates internationally, focusing on the design, production, sales, and maintenance of cutting-edge equipment and specialized materials vital for creating semiconductor devices. Their g...

How the Company Makes Money

ASMI primarily makes money by selling semiconductor manufacturing equipment (capital equipment) and by providing recurring services and support associated with its installed base. The company’s largest revenue stream is the sale of deposition tools—e...

ASM International Earnings Call Summary

Earnings Call Date:Oct 26, 2026(Q3-2026)|% Change Since:2.49%|Next Earnings Date:Feb 22, 2027

Earnings Call SentimentPositive

The call was strongly positive overall. ASM reported record revenue, significant year-on-year growth, improved operating profitability, strong cash generation, expanding customer visibility, and a 2027 revenue target of more than EUR 5.7 billion that reaches the prior 2030 target three years early. The company also highlighted substantial opportunities in 1.4 nanometer, high-performance DRAM, advanced packaging, photonics, PECVD, and Flowable Carbon. The main negative topics were tight supply-chain conditions, incomplete conversion of customer visibility into purchase orders, a currency translation loss, higher expenses and an R&D impairment, limited expected China growth, and regulatory uncertainty. These challenges were explicitly acknowledged but did not outweigh the breadth and magnitude of the reported growth and opportunity.

Positive Updates

Record Third-Quarter Revenue and Strong Growth

Q3 revenue reached a new record of $1.16 billion, at the upper end of the guided range at constant currencies. Revenue increased 44% year-on-year at constant currencies and 14% sequentially; the CEO also described year-on-year growth as 45%.

Negative Updates

Supply Chain Constraints and 2027 Execution Risk

Supply chain conditions are increasingly tight, with stress at several critical suppliers and some components in short supply. Management described the supply chain as challenging, acknowledged that there is risk, and said it will remain an increased risk going into 2027.

Company Guidance

ASM expects Q4 revenue of EUR 1.23 billion, plus or minus 5%, at constant currencies, full-year revenue growth of approximately 35% at constant currencies, equipment revenue growth of more than 40%, full-year gross margin of around 52%, SG&A of around 8% of revenue, and full-year CapEx to exceed EUR 250 million; for 2027, it projects revenue to exceed EUR 5.7 billion at constant currencies, with industry growth over 30%, R&D at least low double digits, SG&A below 7%, equipment growth exceeding service products growth, 1.4 nanometer the biggest contributor, further growth in 2 nanometer, strong growth in memory, and the recovery in power, analog, and wafer to strengthen further, while it expects good growth continuing beyond 2027 into 2028 and 1.4 nanometer HVM production in 2028.

ASM International Financial Statement Overview

Summary

Exceptional financial health with accelerating revenue growth (10.6% TTM), industry-leading net profit margin (31.9% TTM), and a fortress balance sheet with virtually no debt (D/E 0.016). Strong cash flow generation supports growth, though a slight dip in cash conversion is noted.

Income Statement

88Very Positive

Balance Sheet

95Very Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.71B	3.05B	2.93B	2.63B	2.41B	1.73B
Gross Profit	1.92B	1.58B	1.48B	1.27B	1.14B	828.13M
EBITDA	1.41B	1.15B	990.54M	834.57M	628.93M	694.92M
Net Income	994.61M	695.14M	685.73M	752.07M	389.11M	494.71M
Balance Sheet
Total Assets	6.67B	5.33B	5.16B	4.23B	3.75B	2.71B
Cash, Cash Equivalents and Short-Term Investments	1.36B	1.03B	926.00M	637.26M	419.31M	491.51M
Total Debt	95.49M	63.97M	35.26M	33.56M	28.12M	23.46M
Total Liabilities	1.92B	1.33B	1.41B	999.92M	1.00B	469.33M
Stockholders Equity	4.75B	4.00B	3.75B	3.23B	2.75B	2.24B
Cash Flow
Free Cash Flow	732.49M	815.59M	532.92M	418.18M	333.01M	223.79M
Operating Cash Flow	1.10B	1.03B	897.65M	735.89M	541.49M	380.64M
Investing Cash Flow	-567.64M	-608.59M	-349.97M	-289.04M	-474.88M	-114.40M
Financing Cash Flow	-325.20M	-301.13M	-301.03M	-236.05M	-132.60M	-240.26M

ASM International Technical Analysis

Technical Analysis SentimentNegative

Last Price810.87

Price Trends

50DMA931.38Negative

100DMA984.60Negative

200DMA934.05Negative

Market Momentum

MACD-37.28Positive

RSI38.93Neutral

STOCH77.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASMIY, the sentiment is Negative. The current price of 810.87 is below the 20-day moving average (MA) of 897.24, below the 50-day MA of 931.38, and below the 200-day MA of 934.05, indicating a bearish trend. The MACD of -37.28 indicates Positive momentum. The RSI at 38.93 is Neutral, neither overbought nor oversold. The STOCH value of 77.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASMIY.

ASM International Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

ASMIY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LRCX	80Outperform	$298.69B	35.42	71.75%	0.46%	33.36%	48.32%
ASMIY	75Outperform	$39.66B	35.76	22.92%	0.47%	19.12%	30.54%
AMAT	73Outperform	$309.57B	33.43	40.44%	0.51%	7.77%	38.45%
KLAC	73Outperform	$205.75B	39.25	87.02%	0.53%	15.80%	25.58%
ONTO	70Outperform	$9.89B	75.21	6.50%	―	8.08%	-33.87%
VECO	63Neutral	$2.38B	101.46	2.62%	―	-2.52%	-64.30%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

* Technology Sector Average

Performance Comparison

ASMIY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ASMIY	Asm International	814.67	173.14	26.99%
AMAT	Applied Materials, Inc.	390.09	161.17	70.40%
KLAC	Kla Corporation	157.91	39.20	33.02%
LRCX	Lam Research Corp	239.11	84.05	54.20%
ONTO	Onto Innovation	201.57	72.46	56.12%
VECO	Veeco Instruments Inc	38.87	9.83	33.85%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

ASM International AI Stock Analysis