ASMPT Ltd (ASMVF) Q3 2026 Earnings Report
ASMVF Q3 2026 EPS Results
- Actual EPS
- $0.21
- Consensus EPS
- $0.17
- Beat/Miss
- Beat by +$0.04
- One Year Ago EPS
- -$0.08
ASMVF Q3 2026 Revenue Results
- Actual Revenue
- ―
- Expected Revenue
- $663.42M
- Beat/Miss
- ―
- YoY Revenue Growth
- ―
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/27/2026
- Time
- After Close
- Conference Call
- Tuesday, October 27, 2026
ASMVF Upcoming Earnings
ASMPT Ltd's next earnings date is estimated for March 2, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
ASMVF Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive, supported by record bookings, substantial year-on-year revenue and profit growth, improving gross margins, robust AI-driven demand across TCB, Photonics, SEMI and SMT, and Q4 guidance above consensus. The main challenges were delayed memory investment schedules, 6 to 9 month advanced-packaging lead times, sequentially lower SEMI segment profit, higher operating expenses, sluggish consumer end markets and Q4 bookings expected below the Q3 record due to one-off orders and pull-ins. Overall, the highlights significantly outweighed the lowlights.
Company Guidance
Management expects Q4 2026 revenue to be in the range of USD 670 million and USD 730 million, with a midpoint of USD 700 million representing an increase of 4.6% Q-on-Q and 37.5% year-on-year; double-digit SMT revenue growth, SEMI revenue flat, and Q4 bookings significantly elevated year-on-year but below Q3 record level. AI demand is expected to drive sustained revenue growth in 2027; AP lead time remains 6 to 9 months, Photonics is expected to be a high-growth year in '26, with Photonics to grow significantly in second half compared to the first half and growth in 2027, NPO to ramp earlier than CPO, and CPO volume production more towards the end of this decade. TCB TAM is expected to expand beyond $1.6 billion by 2028, panel orders could come potentially late '27 with revenue realization starting with 2028, and hybrid bonding demand growth would happen probably in the next 12 to 18 months.
- Record Group Bookings and Strong Book-to-BillQ3 group bookings reached a record USD 1.13 billion, up 24.7% quarter-on-quarter and 137.9% year-on-year, driven by continued AI infrastructure investments, one-off bulk orders and demand pull-in due to extended lead times. Book-to-bill was 1.69, the highest since Q1 2021.
- Revenue and Adjusted EPS Exceeded ConsensusQ3 revenue was USD 669.2 million, up 6.3% quarter-on-quarter and 48.7% year-on-year, driven by SEMI and SMT. Adjusted EPS was HKD 1.65, up 7.8% quarter-on-quarter and 489.3% year-on-year. Both group revenue and adjusted EPS exceeded market consensus.
- Significant Gross Margin and Operating Profit ImprovementGroup adjusted gross margin was 42.9%, up 35 basis points quarter-on-quarter and 517 basis points year-on-year, reflecting improvements in both SMT and SEMI. Adjusted operating profit was HKD 922.4 million, up 8.9% quarter-on-quarter and 379.2% year-on-year due to higher revenue and gross margin.
- SEMI Revenue and Bookings AcceleratedSEMI revenue grew to USD 374.2 million, up 1.5% quarter-on-quarter and 68.0% year-on-year, while bookings reached USD 563.3 million, up 31.3% quarter-on-quarter and 156.3% year-on-year. AI-driven demand benefited TCB, Photonics and Flip Chip solutions. SEMI adjusted gross margin was 46.6%, up 6 basis points quarter-on-quarter and 502 basis points year-on-year.
- SMT Delivered Record Bookings and Higher ProfitabilitySMT revenue was USD 295.0 million, up 13.2% quarter-on-quarter and 29.8% year-on-year. Bookings reached a new record of USD 564.7 million for the third consecutive quarter, up 18.9% quarter-on-quarter and 122.1% year-on-year, driven largely by robust AI server demand and more than USD 100 million of bulk orders and pull-ins. SMT adjusted gross margin rose to 38.2%, while adjusted segment profit increased 44.1% quarter-on-quarter and 143.2% year-on-year.
- Record TCB Logic Demand from AI Data CentersTCB achieved record bookings in Q3. In logic, C2S orders reached a record high, driven by strong demand from AI data centers, including bulk orders for larger compound die TCB tools from OSAT partners of a leading advanced logic customer. C2W also secured repeat orders from a leading global IDM for advanced CPUs supporting client computing and AI inference.
- TCB Addressable Market Expected to ExpandManagement expects the TCB total addressable market to expand beyond USD 1.6 billion by 2028, with expansion coming from logic across CPU, panel and C2W. Management expects the majority of the TCB market in the next couple of years to come from logic versus memory or HBM.
- Photonics Achieved Record Bookings and RevenueThe Photonics business in SEMI achieved record bookings and revenue, driven by production ramps of 800G, 1.6T and next-generation optical modules. The portfolio spans pluggable optical transceivers, NPO and CPO. AMICRA achieved a breakthrough NPO bulk order, and its ultra-high-precision bonding solutions received major orders from a leading communication services provider.
- Photonics Growth Pipeline Extends Through 2027Management expects the communication-services-provider opportunity to be continuous rather than a one-time order, with customer engagement expected to continue throughout 2027. NPO is expected to ramp earlier than CPO, while CPO volume production is expected more toward the end of this decade. Management expects 2026 to be a high-growth year for Photonics, with significant second-half growth versus the first half and further growth in 2027.
- Progress in Panel-Level and Hybrid BondingThe quarter panel solution is undergoing sample bonding with a leading advanced logic customer, while ASMPT is developing solutions for embedded and surface silicon bridge die architectures at leading global IDMs. The second-generation hybrid bonding platform is being evaluated by leading logic and memory customers and is engaging with a Tier 1 foundry and IDM as a potential second source. Qualification activity has begun, with hybrid bonding demand growth expected in the next 12 to 18 months.
- Mainstream SEMI and AI Infrastructure Demand Remained ElevatedSEMI mainstream revenue and bookings remained elevated, supported by AI-related demand for power management and server boards for data centers. AI infrastructure expansion also drove wire bonding and die bonding demand, alongside high utilization at OSATs. Q4 mainstream bookings were expected to remain elevated, supported by AI infrastructure expansion and high utilization at China OSATs.
- Record SMT Market Share and Americas MomentumSMT bookings reached a record high market share for the third consecutive quarter. Demand was driven largely by AI server boards and optical transceivers, with high-flex solutions for large-format board assembly attracting strong demand for AI server manufacturing. Bookings growth in the Americas accelerated on strong AI server demand.
- Capacity Adequate Despite Elevated DemandManagement stated that ASMPT has enough capacity to meet demand even with increased bookings and is not concerned about capacity constraints. The company is working with suppliers, including through safety stocks and risk buys for selected components, to support delivery schedules.
- SMT Strategic Value ReinforcedManagement did not disclose the status of the potential SMT divestiture process, but stated that SMT's record bookings reinforce the quality and strategic value of the business. The assessment remains focused on maximizing long-term shareholder value.
- Positive Q4 Revenue Guidance and 2027 Growth OutlookQ4 revenue guidance was USD 670 million to USD 730 million. At the midpoint of USD 700 million, revenue would increase 4.6% quarter-on-quarter and 37.5% year-on-year and exceed current market consensus. Q4 revenue is expected to be driven by double-digit SMT revenue growth, and management expects AI demand to drive sustained revenue growth in 2027.
ASMVF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 02, 2027 | 2026 (Q4) | 0.17- | 0.34 | ― | ― |
| Oct 27, 2026 | 2026 (Q3) | 0.170.21 | -0.08 | 353.85% (+0.29) | |
| Jul 28, 2026 | 2026 (Q2) | 0.110.17 | 0.04 | 309.38% (+0.13) | |
| Apr 20, 2026 | 2026 (Q1) | 0.070.10 | 0.03 | 290.00% (+0.07) | |
| Mar 02, 2026 | 2025 (Q4) | 0.060.34 | 0.03 | 1230.00% (+0.31) | |
| Oct 28, 2025 | 2025 (Q3) | 0.04-0.08 | 0.01 | -1183.33% (-0.09) | |
| Jul 22, 2025 | 2025 (Q2) | 0.040.04 | 0.04 | -3.03% (-0.00) | |
| Apr 29, 2025 | 2025 (Q1) | 0.030.03 | 0.05 | -53.49% (-0.03) | |
| Feb 25, 2025 | 2024 (Q4) | 0.040.03 | 0.02 | 11.11% (+0.00) | |
| Oct 29, 2024 | 2024 (Q3) | 0.070.01 | 0.01 | 50.00% (+0.00) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
