(Reuters) -Computer chip equipment maker ASM International cut its revenue target for the second half of 2025, ahead of its investor day on Tuesday.
The Dutch firm anticipates revenue in the second half of the year to be 5% to 10% lower compared to the first half of 2025 at constant currency rates. ASM had previously guided revenue in the second half to be flat compared with the first half.
ASM said it expects a fourth quarter revenue drop, despite the third quarter being in line with its guidance.
“This is due to lower-than-expected demand in leading-edge logic/foundry, with a mixed picture per customer, as well as lower demand in the power/wafer/analog markets.”, it said in a statement.
Degroof Petercam analyst Michael Roeg said he was surprised by the weak sales outlook as TSMC, the world’s largest contract chipmaker is rolling out its latest manufacturing process using ASM’s tools.
“This could be the results of weaknesses of ASM’s other major customers, Intel and Samsung”, the analyst said.
($1 = 0.8493 euros)
(Reporting by Nathan Vifflin in Gdansk; Editing by Matt Scuffham)
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