ASMPT Rides AI Boom With Surging Q1 Orders and Strong Margin Gains

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2026.04.21 22:37
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ASMPT Ltd reported strong Q1 2026 results, driven by AI demand, with bookings up 71.6% to HK$5.67 billion and revenue rising 32% to HK$3.97 billion. Adjusted net profit nearly tripled, and gross margin reached 46.4%. The company expects a 37% revenue increase in Q2. Despite losses from its discontinued NEXX unit, ASMPT maintains a Buy rating with a price target of HK$130.00. The firm specializes in semiconductor and SMT manufacturing equipment, serving global data-centre and electronics markets.