Quarterly results boosted by artificial intelligence
The spectacular rise this Wednesday follows the publication yesterday of the results for the first quarter of 2026. ASM International reported revenue of 863 million euros, at the top end of its forecast range of 797 to 863 million euros. The momentum is mainly driven by massive investments linked to artificial intelligence, the central driver of the group’s growth. The company also achieved a margin described as a record for the period.
However, the management has tempered its outlook. The geopolitical context, particularly the conflict in the Middle East, the rise in energy prices, and their potential impact on global growth, make the demand more uncertain. The pressure on supply chains is also a challenge that the group says it is prioritizing. This duality between strong results and a darkened horizon has not slowed down the momentum of the stock, which shows a 10.52% increase over seven days and 112.4% over a year.
A price significantly away from its usual technical benchmarks
At 832 euros, the stock is trading well above the upper Bollinger bands, set at 744.15 euros, which is a classic signal of potential overbought conditions. The difference with the moving averages is equally marked: the 50-day moving average is at 691.88 euros and the 200-day moving average is at 524.41 euros, indicating a significant deviation between the current price and its medium- and long-term trajectories.
This movement also stands out within the sector. While European peers ASML Holding (+1.26%) and STMicroelectronics (+1.14%) also made gains during the session, their increases were modest in comparison. Across the Atlantic, Advanced Micro Devices gained 3.47% at the last available price, while Lam Research fell 1.82%. All major European indices are slightly down: the CAC 40 dropped 0.39% and the DAX 0.35%, underscoring the isolated nature of ASM International’s surge in today’s session. The next event for the group will be the general meeting scheduled for May 11th.
