Stock Track | ASMPT Soars 6.08% Intraday on Strong Q1 Results and Upbeat Q2 Guidance Driven by AI Demand

Stock Track04-22

ASMPT's stock surged 6.08% during intraday trading on Wednesday, following the release of its robust first-quarter financial results for 2026 and positive revenue guidance for the second quarter.

The chip equipment maker reported a significant year-on-year increase in its Q1 performance. Revenue rose 32% to HK$4.0 billion, while profit attributable to shareholders saw a substantial increase. A key highlight was the surge in new orders, which jumped 46% quarter-on-quarter and 71.6% year-on-year to HK$5.67 billion, marking the highest level in four years. The company attributed this strong demand momentum to the rapid development of artificial intelligence technology.

Furthermore, management provided an optimistic outlook, guiding for Q2 2026 revenue between US$540 million and US$600 million. The midpoint of this range implies a 12.2% sequential increase and a 37.0% year-on-year growth, exceeding market expectations. This robust forecast is anticipated to be primarily driven by the company's Semiconductor Solutions division.

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