ASMI lifts 2027 outlook, forecasts third-quarter revenue above estimates

July 28 : ASM International on Tuesday forecast third-quarter revenue above market expectations and upgraded its 2027 sales outlook, buoyed by continued demand from customers investing in artificial intelligence infrastructure. The Dutch semiconductor equipment maker expects third-quarter revenue of about 1.1 billion euros ($1.25 billion) at constant exchange rates, plus or minus 5 per cent, compared with analysts' average estimate of 994.5 million euros.AI-related spending has helped offset weakness in automotive, PC and memory markets."The demand environment remained highly favorable in the second quarter, driven by sustained investment in AI infrastructure to support rapidly expanding compute workloads," Chief Executive Hichem M'Saad said in a statement. ASMI said it now expects 2027 re