By Maitane Sardon

Shares in ASM International fell after the Dutch supplier of semiconductor-making equipment cut its full-year forecasts on the back of lower-than-expected demand in key segments during the fourth quarter.

Shares traded 2.4% lower at 488.50 euros in early European trade Tuesday. They are down 13% so far this year.

ASM International said it expects second-half revenue at constant currencies to be 5%-10% lower compared with the first half. The decline reflects anticipated lower-than-expected customer demand in key markets during the fourth quarter, the company said.

Full-year revenue growth is likely to come in at the lower end of the previously guided range of 10%-20%, ASM International said.

Investors had expected a stronger fourth quarter, analysts at Dutch bank ING said in a research note. However, the lowered forecast isn't the result of structural weakness but due to the timing of orders in the leading edge logic market, they said.

Investors should focus on ASM International's exposure to long-term technology transitions, which underpin growth from 2026 onward, the analysts said.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

September 23, 2025 03:53 ET (07:53 GMT)

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