)
Edge27 Sep 2024
ASML: Architecting Earth's Most Complex Machines
Discover how ASML, once seen as a struggling "problem child", grew into a global niche monopoly within advanced chip manufacturing equipment.
ASM International (ASM) investor relations material
ASM International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Q3 2025 revenue reached €800 million, up 8% year-over-year at constant currency, driven by advanced logic/foundry and robust gross margin performance, while bookings declined 17% year-over-year due to lower demand from China and export restrictions.
Gross margin improved to 51.9% from 49.4% a year ago, with full-year gross margin expected around 51%; adjusted operating margin rose to 30.9%.
Net earnings surged to €384 million, including a €181 million non-cash gain from the reversal of a prior impairment on the ASMPT stake; adjusted net earnings were €206 million.
Free cash flow was €139 million (or €239 million excluding earnouts), with a strong cash position of €1.1 billion and no debt at quarter-end.
€150 million share buyback program completed, with 322,533 shares repurchased.
Financial highlights
Equipment sales grew 10% year-over-year, led by ALD; spares/services revenue up 2% year-over-year.
Adjusted operating profit was €248 million, up from €220 million in Q3 2024, but down 6% sequentially.
Adjusted net earnings for Q3 2025 were €206 million, up from €134 million in Q3 2024, aided by an €11 million currency translation gain.
Capex was €38 million in Q3, with full-year guidance of €200–250 million.
Net working capital decreased to €330 million, with working capital days dropping to 37.
Outlook and guidance
Q4 2025 revenue expected between €630–660 million; full-year 2025 revenue growth projected close to 10% at constant currencies.
Orders projected to bottom in Q4, with recovery expected through 2026; China sales to decline by double digits in 2026.
2030 targets: revenue over €5.7 billion, gross margin 47–51%, operating margin above 30%, free cash flow over €1 billion, and at least 12% CAGR revenue growth.
Quantify 2026 China revenue impact from restrictions
Detail SAM increase from 1.4nm GAA and 4F2 DRAM
Reconcile SG&A reduction with R&D investment by 2030
1.4nm pilot line customer count for 2026?
China local competition impact on market share?
Details on new DRAM HBM Epi/ALD wins?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next ASM International earnings date
Q4 20253 Mar, 2026
Next ASM International earnings date
Q4 20253 Mar, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ASM International NV designs, manufactures, and sells semiconductor wafer processing equipment. It supplies deposition technologies used in the production of integrated circuits for the semiconductor industry. The company is headquartered in Almere, Netherlands, and its shares are listed on the Euronext Amsterdam.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage