ASM reports third quarter 2026 results. Almere, The Netherlands October 27, 2026, 6 p.m. CET Record quarter on leading-edge growth; 2027 revenue outlook above €5.7 billion ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2026 results (unaudited). * Revenue reached a new record level of €1,159 million in Q3 2026, at the upper end of the guided range, driven by strong AI-related demand and solid execution amid ongoing customer capacity ramps. * Q3 revenue was up 44% year-on-year at constant currencies, driven by an acceleration in advanced logic/foundry sales, including a first solid contribution from 1.4nm investments, strong growth in memory sales, and continued robust demand in the mature logic/foundry market. * Gross margin remained stable at 52.0%, adjusted operating margin was 33.4%, and adjusted net earnings increased by €109 million year-on-year to €315 million. * Revenue is projected to increase to €1,230 million +/-5% in Q4 2026, at constant currencies. * For 2027, ASM projects revenue to increase to more than €5.7 billion at constant currencies, reaching the revenue target set for 2030 at its 2025 Investor Day three years ahead of plan. * The Management Board authorized today a new share buyback program of up to €300 million, taking into account ASM's strong cash position and financial performance. Financial highlights | € million | Q3 2026 | Q2 2026 | Q3 2025 | | Revenue | 1,159.4 | 1,003.1 | 800.0 | | yoy change % as reported | 45% | 20% | 3% | | yoy change % at constant currency | 44% | 24% | 8% | | Gross profit | 603.2 | 521.1 | 414.9 | | Gross margin % | 52.0% | 51.9% | 51.9% | | Operating result | 378.9 | 322.8 | 242.8 | | Operating margin % | 32.7% | 32.2% | 30.3% | | Adjusted operating result [1] | 386.7 | 330.5 | 247.5 | | Adjusted operating margin %[1] | 33.4% | 33.0% | 30.9% | | Net earnings | 308.1 | 285.4 | 384.1 | | Adjusted net earnings [1] | 315.4 | 292.9 | 206.2 | [1] Adjusted figures are non-IFRS performance measures. Refer to Annex 3 for a reconciliation of non-IFRS performance measures. "We delivered another strong quarter, with revenue increasing 45% year-on-year to a new record of €1,159 million, at the upper end of our guidance," said Hichem M'Saad, CEO of ASM. "This performance reflects solid execution by its teams against a backdrop of stretched supply chains. Gross margin remained at a solid level of 52.0%, steady compared with both the previous quarter and Q3 last year, while adjusted operating profit increased 56% year-on-year. The demand environment remains very strong. The continued build-out of AI infrastructure is driving significant capacity requirements across the industry, particularly in the leading edge. Capacity remains tight across its customer base, and customers are moving quickly to increase output. Across its customer segments, advanced logic/foundry was the main driver during the quarter, both in terms of revenue and growth. This was supported by continued strong investment in 2nm and increased activity at 3nm to 5nm, as well as the first solid sales contribution from 1.4nm. Memory sales also increased strongly, particularly in HBM-related DRAM, reflecting higher levels of customer investment. Mature logic/foundry sales, mainly driven by the Chinese market, remained robust. Another highlight of the quarter was the launch of XP8(R) Vertos(TM) Flowable Carbon, the industry's first PECVD flowable carbon film technology. Already deployed in high-volume manufacturing, Flowable Carbon addresses increasingly complex patterning challenges in advanced 3D logic and memory devices. It is a strong example of how ASM International is leveraging its materials discovery expertise beyond ALD and Epitaxy to unlock new growth opportunities in areas such as PECVD." For Q4 2026, at constant currencies, ASM International expect revenue of €1,230 million +/-5%. Supply chain conditions are increasingly tight, and ASM International continue to work closely with its suppliers and customers to support the planned ramp in shipments. Based on its Q4 guidance, revenue for the full year 2026 is expected to increase by approximately 35% at constant currencies, with equipment revenue expected to grow by more than 40%. For 2027, ASM International project revenue to increase to more than €5.7 billion at constant currencies. This means ASM International expect to achieve the revenue target set for 2030 at its 2025 Investor Day three years ahead of plan. Advanced logic/foundry is expected to be its strongest growth driver in 2027, supported by further increases in 2nm-related sales and strong momentum in 1.4nm. ASM International can now confirm a solid double-digit increase in its served available market at 1.4nm compared with 2nm, together with higher market share. ASM International also expect strong growth in memory. Based on current visibility and assuming no material changes in the regulatory environment, mature logic/foundry sales are expected to remain relatively stable, while the recovery in the power/analog/wafer segments is expected to strengthen further in 2027. New €300 million share buyback program authorized The share buyback program of up to €150 million, as announced on March 3, 2026, was completed in the third quarter. The program started on August 10, 2026, and was completed on September 14, 2026. In total, ASM International repurchased 185,522 shares at an average price of €808.53, under the 2026 program. The Management Board today authorized a new share buyback program of up to €300 million, taking into account ASM's strong cash position and financial performance. The program is part of ASM's commitment to return excess cash to its shareholders. Further details will be announced prior to the commencement of the program. ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM's common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM's website at www.asm.com. Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, pandemics, epidemics and other risks indicated in the company's reports and financial statements. The company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances. Quarterly earnings conference call details ASM will host the quarterly earnings conference call and webcast on Wednesday, October 28, 2026, at 3:00 p.m. CET. Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call. A simultaneous audio webcast and replay will be accessible at this link. | Contacts | / | | Investor and media relations | Investor relations | | Victor Bareño | Daniel Uribe | | T: +31 88 100 8500 | T: +31 88 100 8127 | | E: [email protected] | E: [email protected] |

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The global semiconductor market reached record sales of $403.3 billion in the second quarter of 2026, rising 35.1% sequentially, driven by artificial intelligence and advanced computing demand. June sales climbed 123.6% year-over-year to $134.5 billion. Four chip stocks appear well-positioned to benefit from the AI boom. Analog Devices is experiencing broad-based recovery with AI-related data centre activity expanding across optical and power applications. Taiwan Semiconductor Manufacturing Company maintained 73% market share, supported by robust AI demand. Semtech is benefiting from rising AI data centre networking demand as 800G remains active. ASM International holds a market share exceeding 55% in ALD technology, with management expecting second-half revenues to rise more than 20%. All four companies show strong growth trajectories, with consensus estimates suggesting revenue increases of 34% to 41% and earnings growth of 55% to 104% for 2026.