ASMPT (00522) announced its first-quarter performance, with a profit of approximately 324 million Hong Kong dollars from continuing operations, a 70.8% decrease from the previous quarter and a 192.9% increase year-on-year.

ASMPT (00522) announced the performance for the first quarter of 2026, with continuous operating business sales revenue of HK $3.97 billion (US $508 million), higher than the median sales revenue forecast, increasing by 0.2% quarterly and 32.0% annually. The total amount of new orders is HK $5.67 billion (US $7.27 billion), far exceeding expectations, with a quarterly growth of 46.0% and an annual growth of 71.6%, reaching a four-year high. The adjusted gross margin is 39.5%, up by 357 basis points quarterly and down by 151 basis points annually. Profit is approximately HK $324 million, a decrease of 70.8% compared to the previous quarter and an increase of 192.9% year-on-year. Adjusted profit is HK $335 million, driven by an increase in operating profit, increasing by 123.8% quarterly and 193.5% annually. The announcement stated that the improvement in the adjusted gross margin quarterly was attributed to the higher gross margin and sales revenue contribution from the semiconductor solutions division. The annual decrease was due to the higher sales revenue contribution from the surface mounting technology solutions division. In addition, the group expects sales revenue for the second quarter of 2026 to be between US $540 million and US $600 million, with a median of US $570 million, increasing by 12.2% quarterly and 37.0% annually, exceeding market expectations. This strong growth will be mainly driven by the semiconductor solutions division. The group anticipates that the total amount of new orders for both business divisions in the second quarter of 2026 will remain high, while the surface mounting technology solutions division may decrease quarterly due to the high base effect.