HK$8.85 billion in orders—one full quarter booked.
ASMPT booked HK$8.85 billion in new orders in the third quarter, equivalent to US$1.13 billion, up 137.9% year over year. Revenue was HK$5.25 billion, up 48.7%. Orders were 1.69 times revenue, the highest ratio since the first quarter of 2021.
Orders are running ahead of revenue.
Which segment is growing? Semiconductor equipment orders rose 156.3% year over year, while SMT orders set records for three consecutive quarters. The key driver is TCB thermocompression bonding, which stacks HBM onto AI accelerators.
Put simply, making a chip is only half the job. If it can’t be stacked and packaged, its computing power is just a number on paper. AI data centers are waiting for exactly this process: aligning logic chips, HBM and optical modules, pressing them together, and sealing them in place.
Fourth-quarter revenue guidance is US$670 million to US$730 million, with the midpoint up 37.5% year over year.
The key question now is whether orders can be converted into revenue on schedule. Delivery lead times are already getting longer.
Orders are running ahead of revenue.
ASMPT booked HK$8.85 billion in new orders in the third quarter, equivalent to US$1.13 billion, up 137.9% year over year. Revenue was HK$5.25 billion, up 48.7%. Orders were 1.69 times revenue, the highest ratio since the first quarter of 2021.
Orders are running ahead of revenue.
Which segment is growing? Semiconductor equipment orders rose 156.3% year over year, while SMT orders set records for three consecutive quarters. The key driver is TCB thermocompression bonding, which stacks HBM onto AI accelerators.
Put simply, making a chip is only half the job. If it can’t be stacked and packaged, its computing power is just a number on paper. AI data centers are waiting for exactly this process: aligning logic chips, HBM and optical modules, pressing them together, and sealing them in place.
Fourth-quarter revenue guidance is US$670 million to US$730 million, with the midpoint up 37.5% year over year.
The key question now is whether orders can be converted into revenue on schedule. Delivery lead times are already getting longer.
Orders are running ahead of revenue.