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BE Semiconductor (BESIY) AI Stock Analysis
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BE Semiconductor
(Other OTC:BESIY)
The score is driven primarily by strong financial performance (high margins, improved growth, solid cash conversion) and a constructive earnings outlook tied to AI/data center and hybrid bonding demand. These positives are tempered by clearly bearish technical conditions (price below all key moving averages with negative MACD) and a high P/E valuation that increases downside risk if growth cools.
BE Semiconductor (BESIY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $13.57B
- Dividend Yield
- 1.06%
- Average Volume (3M)
- 9,958
- Price to Earnings (P/E)
- 42.4
- Beta (1Y)
- 1.03
- Revenue Growth
- 60.81%
- EPS Growth
- 105.71%
- Country
- US
- Employees
- 1,856
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
BE Semiconductor Business Overview & Revenue Model
Company Description
BE Semiconductor Industries N.V. (BESI) is a global provider of advanced equipment and services for semiconductor assembly, serving the electronics and semiconductor industries worldwide. The company's comprehensive product lineup includes various di...
How the Company Makes Money
Besi primarily makes money by selling semiconductor assembly equipment (capital equipment) to semiconductor manufacturers and outsourced semiconductor assembly and test (OSAT) providers. Revenue is typically recognized from system sales when equipmen...
BE Semiconductor Earnings Call Summary
The call was strongly positive, with substantial revenue, order, earnings, margin, liquidity, market share, and hybrid bonding momentum. Management also described continued demand across AI, data center, photonics, memory, logic, and traditional markets, alongside ongoing investment and strategic collaboration. The main negatives were a flat fourth-quarter revenue outlook, higher fourth-quarter operating expenses due primarily to strategic consulting cost, variability in gross margins, and uncertainty around the timing of mainstream HBM hybrid bonding adoption.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Besi said the favorable year-to-date order momentum should continue in the fourth quarter as the multi-year AI capacity build-out progresses, with strong demand continuing for data center and photonics applications and market share gains particularly for Besi flip chip and multi-module die attach systems; Q4 revenue is expected to be flat, +/- 5%, gross margins are anticipated to range between 63% and 65%, and operating expenses are expected to increase between 5% and 10% versus the third quarter, primarily due to increased strategic consulting cost. Besi expects to grow more than double TechInsights’ underlying 2026 assembly equipment market growth rate of 37%, anticipates hybrid bonding will be adopted in a range of stack heights over the next two years, and expects new innovative stacks combining HBM, custom advanced logic base dies, and the direct bonding of DRAM onto accelerator chips by decade end.
BE Semiconductor Financial Statement Overview
Summary
Overall fundamentals are strong, supported by high profitability (TTM gross margin ~62.5%, net margin ~28.4%, EBIT margin ~36.2%), a meaningful TTM revenue rebound (~+20.3%), and healthy cash conversion (OCF exceeds net income; FCF closely tracks earnings). The key constraint is cyclicality/volatility across multi-year revenue and free-cash-flow trends, which can pressure results in down cycles.
Income Statement
86Very PositiveBalance Sheet
74PositiveCash Flow
82Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 884.30M | 567.99M | 607.47M | 578.86M | 722.87M | 749.30M |
| Gross Profit | 560.23M | 359.50M | 395.94M | 375.79M | 443.07M | 446.82M |
| EBITDA | 403.69M | 199.95M | 224.19M | 239.12M | 317.11M | 332.37M |
| Net Income | 290.39M | 126.45M | 181.99M | 177.08M | 240.65M | 282.42M |
Balance Sheet | ||||||
| Total Assets | 1.29B | 1.11B | 1.23B | 896.55M | 1.14B | 1.14B |
| Cash, Cash Equivalents and Short-Term Investments | 601.90M | 542.75M | 672.32M | 413.48M | 491.69M | 451.39M |
| Total Debt | 361.34M | 521.24M | 544.71M | 319.16M | 342.88M | 312.48M |
| Total Liabilities | 615.90M | 697.05M | 733.21M | 475.14M | 506.65M | 524.77M |
| Stockholders Equity | 673.29M | 416.22M | 501.26M | 421.41M | 628.53M | 619.27M |
Cash Flow | ||||||
| Free Cash Flow | 281.72M | 155.94M | 169.61M | 180.55M | 243.48M | 249.50M |
| Operating Cash Flow | 295.99M | 171.11M | 201.08M | 208.57M | 271.87M | 277.85M |
| Investing Cash Flow | -81.94M | 108.59M | -136.48M | -72.95M | 16.32M | -24.84M |
| Financing Cash Flow | -192.05M | -250.97M | 88.67M | -439.80M | -247.68M | -182.07M |
BE Semiconductor Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BESIY, the sentiment is Negative. The current price of 171.91 is below the 20-day moving average (MA) of 187.02, below the 50-day MA of 207.05, and below the 200-day MA of 245.99, indicating a bearish trend. The MACD of -10.82 indicates Negative momentum. The RSI at 38.74 is Neutral, neither overbought nor oversold. The STOCH value of 78.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BESIY.
BE Semiconductor Peers Comparison
Overall Rating
LRCX80Outperform
AMAT73Outperform
KLIC71Outperform
ONTO70Outperform- BESIY66Neutral
CAMT62Neutral
Financial Indicators
| 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% |
| AMAT | 73Outperform | $309.57B | 33.43 | 40.44% | 0.51% | 7.77% | 38.45% |
| KLIC | 71Outperform | $3.88B | 33.58 | 13.55% | 1.10% | 44.44% | 2283.94% |
| ONTO | 70Outperform | $9.89B | 75.21 | 6.50% | ― | 8.08% | -33.87% |
| BESIY | 66Neutral | $13.93B | 42.42 | 55.12% | 1.06% | 60.81% | 105.71% |
| CAMT | 62Neutral | $5.45B | 145.85 | 5.82% | ― | 7.94% | -72.56% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| BESIY | BE Semiconductor Industries N.V. ADR | 171.91 | 4.80 | 2.87% | |
| AMAT | Applied Materials, Inc. | 390.09 | 153.69 | 65.01% | |
| CAMT | Camtek | 116.68 | -6.76 | -5.48% | |
| KLIC | Kulicke & Soffa Industries, Inc. | 74.21 | 34.47 | 86.73% | |
| LRCX | Lam Research Corp | 239.11 | 78.61 | 48.98% | |
| ONTO | Onto Innovation | 201.57 | 69.86 | 53.04% |
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 24, 2026