April 21 (Reuters) - Computer chip equipment maker ASM International forecast on Tuesday stronger second-quarter revenue guidance than markets expected, after a first-quarter report above expectations
ASM International forecasts second-quarter revenue that beats estimates
ASM International's Strong Financial Outlook and Market Impact
By Nathan Vifflin and Ozan Ergenay
Second-Quarter Revenue Forecast Surpasses Expectations
April 21 (Reuters) - Computer chip equipment maker ASM International on Tuesday forecast stronger second-quarter revenue guidance than markets expected, after a first-quarter report above expectations.
Europe's second-largest maker of chipmaking tools forecast second-quarter revenue at around 980 million euros ($1.15 billion), against LSEG data estimates of 883.9 million euros. First-quarter revenue reached 862.5 million euros versus the 828.5 million euros analysts expected.
Analyst Reactions to Revenue Guidance
Analysts said the forecast, published after the European market close, was strong enough to take the focus from a decision to stop publishing keenly watched new order figures on the grounds they are too volatile.
"With a beat in guidance like this, we couldn't care less about no longer providing bookings numbers," Degroof Petercam analyst Michael Roeg said in an email.
Industry Context and Competitive Landscape
ASML's Guidance and AI Demand
Sector major ASML last week also raised its 2026 guidance as demand for artificial intelligence capacity appears resilient despite the economic disruption of the Middle Eastern war.
ASM's Strategic Investments and Future Technologies
ASM's Chief Executive Hichem M'Saad said in a statement customers were not only investing in the most advanced technology available now, but testing production lines for the next generation of more powerful chips. These could be used in Nvidia's and Apple's products.
Investments in Leading-Edge Nodes
"Customers are stepping up spending at today's leading-edge nodes, in addition to pilot-line investments for the 1.4nm node which are expected to start in the second half of the year," he said.
Additional Information
($1 = 0.8513 euros)
(Reporting by Nathan Vifflin and Ozan Ergenay in Gdansk; Editing by Jon Boyle and Chris Reese)
