On July 23, Jin10 reported that ASM International's second-quarter orders fell short of analyst expectations. The Dutch semiconductor manufacturing equipment supplier's order value was €702.5 million (approximately $821.7 million), a year-on-year decline of 4% at constant exchange rates. According to Visible Alpha's consensus forecast, analysts had previously expected orders to reach €842.9 million. At constant exchange rates, the company's revenue rose 23% to €835.6 million, exceeding analyst expectations. The group anticipates that revenue for the current quarter will be flat compared to the second quarter or decline by at most 5%. The company's net profit increased from €159 million to €202.4 million, also above analyst expectations. The group continues to forecast that at constant exchange rates, this year's sales growth will be between 10% and 20%, and it indicated that it might reach the midpoint of this range.
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Semiconductor equipment company ASM's international orders fell below expectations.
On July 23, Jin10 reported that ASM International's second-quarter orders fell short of analyst expectations. The Dutch semiconductor manufacturing equipment supplier's order value was €702.5 million (approximately $821.7 million), a year-on-year decline of 4% at constant exchange rates. According to Visible Alpha's consensus forecast, analysts had previously expected orders to reach €842.9 million. At constant exchange rates, the company's revenue rose 23% to €835.6 million, exceeding analyst expectations. The group anticipates that revenue for the current quarter will be flat compared to the second quarter or decline by at most 5%. The company's net profit increased from €159 million to €202.4 million, also above analyst expectations. The group continues to forecast that at constant exchange rates, this year's sales growth will be between 10% and 20%, and it indicated that it might reach the midpoint of this range.