Press Releases - October 26, 2021


Almere, The Netherlands
October 26, 2021, 6 p.m. CET

Record quarterly order intake driven by continued strong logic/foundry demand

ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2021 operating results (unaudited) in accordance with IFRS.


EUR millionQ3 2020Q2 2021Q3 2021
New orders303.4515.7624.5
Gross profit margin %49.948.147.2
Operating result83.9118.4117.3
Operating result margin %26.728.727.1
Result from investments (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013)6.319.327.6
Amortization intangible assets (resulting from the sale of ASMPT stake in 2013)(3.0)(3.0)(3.1)
Net earnings58.1108.4128.9
Normalized net earnings (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013 and result from sale of ASMPT shares)61.2111.4132.0
  • New orders of €625 million for the third quarter 2021 increased by 106% as reported compared to the same period last year.
  • Year-on-year revenue growth for the third quarter 2021 was 38% at constant currencies (38% as reported).
  • Gross profit margin of 47.2% was lower compared to the relatively strong level of 49.9% in the same quarter last year.
  • Operating result for the third quarter 2021 improved from €84 million last year to €117 million this year mainly driven by strong revenue growth.
  • Normalized net earnings for the third quarter 2021 were €132 million, a significant improvement compared to the same quarter last year.



“ASMI continued its strong growth path in the third quarter,” said Benjamin Loh, President and Chief Executive Officer of ASM International. “Order intake surged to a new quarterly record of €625 million and was driven by continued strong logic/foundry demand and in part also by orders for shipment in 2022. As already announced on September 28, 2021, order intake exceeded previous guidance of €510-530 million. Compared to the same period last year, sales in the third quarter increased by 38%. Revenue, at €433 million, was slightly above the high end of the guidance of €400-430 million, despite continued tight supply chain conditions during the quarter. We are currently seeing some improvements but overall supply chain conditions are expected to remain challenging in Q4. Thanks to our team for another quarter of strong execution and to our suppliers and customers for their continued solid support and cooperation.”


For Q4, on a currency comparable level, we expect sales of €470-500 million. Q4 bookings, on a currency comparable level, are expected to be around €600 million. Starting 2022, we will stop providing guidance on order intake as it has become clear in the last two quarters in which actual order intake was significantly higher than guided that it is increasingly more challenging in the current environment to provide a meaningful outlook. With a continued strong momentum in the second half of the year, the wafer fab equipment (WFE) market is expected to grow by a mid-to-high thirties percentage in 2021.


On July 28, 2021, ASMI announced the start of the €100 million share buyback program. As of September 30, 2021, 56.4% of the share buyback program was completed at an average share price of €328.07.


On September 28, 2021, ASMI held its first Investor Day, in which ASMI’s management shared the company’s strategy, how to create value and drive growth through innovation. Highlights included:

  • Targeting revenue of €2.8-€3.4 billion by 2025 (2020-2025 CAGR of 16%-21%), gross margins of 46%-50% in 2021-2025, and operating margins of 26%-31% in 2021-2025;
  • Targeting Net Zero emissions by 2035 and 100% renewable electricity by 2024;
  • Single-wafer ALD market expected to increase from $1.5 billion in 2020 to $3.1-3.7 billion by 2025;
  • Further capacity expansion of our new manufacturing facility in Singapore to be production ready by early 2023.


In its Investor Day on September 28, 2021, ASMI also announced its target to achieve Net Zero emissions by 2035. The target includes setting science based targets for Scope 1, 2, and 3 Greenhouse Gas (GHG) emissions. ASMI plans to source 100% of its electricity from renewable sources for all of its global operations from 2024 onward. Relative to its 2020 baseline, this would represent a ~90% absolute reduction of ASM Scope 1 and 2 GHG emissions.
About ASM International

ASM International NV, headquartered in Almere, the Netherlands, its subsidiaries and participations design and manufacture equipment and materials used to produce semiconductor devices. ASM International, its subsidiaries and participations provide production solutions for wafer processing (Front-end segment) as well as for assembly & packaging and surface mount technology (Back-end segment) through facilities in the United States, Europe, Japan and Asia. ASM International's common stock trades on the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASMI's website at

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, 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.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

ASM International N.V will host an investor conference call and webcast on Wednesday, October 27, 2021, at 15:00 p.m. Continental European Time (9:00 a.m. – US Eastern Time).

Conference call participants should pre-register using the link below to receive the Dial-In Numbers, Direct Event Passcode and unique Registrant ID, which will be needed to access the conference call.

Online registration for the conference call:

A simultaneous audio webcast and replay will be accessible at


Investor and media contact:

Victor Bareño
T: +31 88 100 8500
E: [email protected]

20211026 - Financial results Q3 2021

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