ASMPT Ltd
SWB:AY7A
ASMPT Ltd
Nestled in the intricate ecosystem of semiconductor manufacturing, ASMPT Ltd. has carved out a unique space in the global technology landscape. Born out of Hong Kong, this company has become a pivotal supplier of hardware and software solutions that underpin the complex process of semiconductor and electronics assembly. At its core, ASMPT provides the machines that enable the precise assembly of tiny, intricate semiconductor components. These machines are indispensable for industries like consumer electronics, automotive, and telecommunication, effectively making ASMPT an unsung hero behind the gadgets and systems that define modern life. The company's prowess is augmented by its commitment to innovation, ensuring its equipment remains at the forefront of precision and efficiency.
ASMPT's revenue model thrives on its ability to cater to a sophisticated and ever-evolving clientele. It generates its income predominantly through the sale of its assembly and packaging equipment. Additionally, the company provides a suite of software solutions that enhance the functionality and integration of its machinery within manufacturers' operations, adding another revenue stream. ASMPT strengthens its business with after-sales services and support, creating a steady flow of recurring income while building stickiness among its clients. By focusing on both the hardware and the digital interfaces that control them, ASMPT maintains a diversified portfolio that secures its financial health and positions it to capitalize on the growing demands of the digital age.
Nestled in the intricate ecosystem of semiconductor manufacturing, ASMPT Ltd. has carved out a unique space in the global technology landscape. Born out of Hong Kong, this company has become a pivotal supplier of hardware and software solutions that underpin the complex process of semiconductor and electronics assembly. At its core, ASMPT provides the machines that enable the precise assembly of tiny, intricate semiconductor components. These machines are indispensable for industries like consumer electronics, automotive, and telecommunication, effectively making ASMPT an unsung hero behind the gadgets and systems that define modern life. The company's prowess is augmented by its commitment to innovation, ensuring its equipment remains at the forefront of precision and efficiency.
ASMPT's revenue model thrives on its ability to cater to a sophisticated and ever-evolving clientele. It generates its income predominantly through the sale of its assembly and packaging equipment. Additionally, the company provides a suite of software solutions that enhance the functionality and integration of its machinery within manufacturers' operations, adding another revenue stream. ASMPT strengthens its business with after-sales services and support, creating a steady flow of recurring income while building stickiness among its clients. By focusing on both the hardware and the digital interfaces that control them, ASMPT maintains a diversified portfolio that secures its financial health and positions it to capitalize on the growing demands of the digital age.
Revenue Growth: ASMPT reported Q3 2025 revenue of $468.0 million, up 7.6% quarter-on-quarter and 9.5% year-on-year, mainly driven by strength in SMT and AI-related demand.
Bookings & Outlook: Bookings reached $462.5 million in Q3; management expects Q4 bookings to be flattish QoQ but to mark the seventh straight quarter of YoY growth.
Profitability: Adjusted net profit was HKD 101.9 million, down 24.4% QoQ but up 245.2% YoY, with a book-to-bill ratio of 1.04.
Margins: Gross margin for the quarter was 37.7%, lower than usual due to business mix; SEMI gross margin was 41.3% and SMT gross margin was 33.9%.
Q4 Guidance: Q4 2025 revenue is expected between $470 million and $530 million, up 6.8% QoQ and 14.3% YoY at the midpoint, above market consensus.
AI & TCB Leadership: The company remains a primary supplier for HBM4 TCB solutions, with strong momentum and repeat orders in both memory and logic, projecting TCB TAM to exceed $1 billion in 2027.
Cost Optimization: The voluntary liquidation of the Shenzhen AEC plant is expected to gradually enhance cost competitiveness and gross margins, especially for SEMI.
