ASM second-quarter bookings disappoint, cites order timing
The Dutch firm said order intake was "lumpy" and it expects orders from those chipmakers to pick up again in the third quarter.
Analysts consider ASM one of the firms best positioned for the coming years as its sales mix is geared toward the cutting-edge segment strongly benefiting from the artificial intelligence race.
But the global semiconductor equipment sector faces headwinds including tariff uncertainty, weaknesses at major customers Intel(INTC.O), opens new tab and Samsung(005930.KS), opens new tab and a sustained downturn in all other chip markets.
"Second-quarter profits beat, but bookings and outlook for the third-quarter bookings point to stagnation", Degroof Petercam analyst Michael Roeg said.
Bookings, the industry's most closely watched figure, came in at 702.5 million euros ($825 million) in the second quarter, against the 843 millions euros that analysts were expecting, according to a consensus compiled by researcher Visible Alpha.
ASM also projected orders in the third quarter would fall below third-quarter sales, which it said would flat to slightly lower than the second quarter's 835.6 million euros.
Second-quarter adjusted operating earnings were 263 million euros, a 31.5% margin, against market expectations of 223 million euros.
"The market environment continued to show a mixed picture in the second quarter. Growth in AI is fueling ongoing capacity expansion... Conditions in most of the other market segments are still slow," the company said in a statement.
On Wednesday, peer ASML (ASML.AS), opens new tab warned of delayed orders as chipmakers building factories in the U.S. await clarity on the potential impact of tariffs.
($1 = 0.8512 euros)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
a few seconds ago
- Reuters
Microsoft in advanced talks for continued access to OpenAI tech, Bloomberg reports
July 29 (Reuters) - Microsoft (MSFT.O), opens new tab is in advanced talks for a deal that would give the Windows maker continued access to critical OpenAI technology in the future, Bloomberg News reported on Tuesday, citing two people familiar with the negotiations. The companies have discussed new terms that would allow Microsoft to use OpenAI's latest models and technology even if the ChatGPT maker declares it has achieved artificial general intelligence (AGI), or AI that surpasses human intelligence, the report said. A clause in OpenAI's current contract with Microsoft will shut the software giant out of some rights to the startup's advanced technology when it achieves AGI. Negotiators have been meeting regularly, and an agreement could come together in a matter of weeks, Bloomberg News reported. OpenAI did not immediately respond to a Reuters request for comment, while Microsoft declined to comment. OpenAI needs Microsoft's approval to complete its transition into a public-benefit corporation. The two have been in negotiations for months to revise the terms of their investment, including the future equity stake Microsoft will hold in OpenAI. Last month, the Information reported that Microsoft and OpenAI were at odds over the AGI clause. OpenAI is also facing a lawsuit from Elon Musk, who co-founded the company with Sam Altman in 2015 but left before it surged in popularity, accusing OpenAI of straying from its founding mission — to develop AI for the good of humanity, not corporate profit. Microsoft is set to report June-quarter earnings on Wednesday, with its relationship with OpenAI in the spotlight, as the startup turns to rivals Google (GOOGL.O), opens new tab, Oracle and CoreWeave (CRWV.O), opens new tab for cloud capacity.
BBC News
a few seconds ago
- BBC News
What is AI, how do apps like ChatGPT work and why are there concerns?
Artificial intelligence (AI) has increasingly become part of everyday life over the past is being used to personalise social media feeds, spot friends and family in smartphone photos and pave the way for medical the rise of chatbots like OpenAI's ChatGPT and Meta AI has been accompanied by concern about the technology's environmental impact, ethical implications and data use. What is AI and what is it used for? AI allows computers to learn and solve problems in ways that can seem cannot think, empathise or scientists have developed systems that can perform tasks which usually require human intelligence, trying to replicate how people acquire and use programmes can process large amounts of data, identify patterns and follow detailed instructions about what to do with that information. This could be trying to anticipate what product an online shopper might buy, based on previous purchases, in order to recommend technology is also behind voice-controlled virtual assistants like Apple's Siri and Amazon's Alexa, and is being used to develop systems for self-driving also helps social platforms like Facebook, TikTok and X decide what posts to show users. Streaming services Spotify and Deezer use AI to suggest are also using AI as a way to help spot cancers, speed up diagnoses and identify new vision, a form of AI that enables computers to detect objects or people in images, is being used by radiographers to help them review X-ray results.A simple guide to help you understand AIFive things you really need to know about AI What is generative AI, and how do apps like ChatGPT and Meta AI work? Generative AI is used to create new content which may seem like it has been made by a does this by learning from vast quantities of existing data such as online text and and Chinese rival DeepSeek's chatbot are popular generative AI tools that can be used to generate text, images, code and more Gemini or Meta AI can similarly hold text conversations with like Midjourney or Veo 3, are dedicated to creating images or video from simple text prompts. Generative AI can also be used to make high-quality mimicking the style or sound of famous musicians have gone viral, sometimes leaving fans confused about their authenticity. Why is AI controversial? While acknowledging AI's potential, some experts are worried about the implications of its rapid International Monetary Fund (IMF) has warned AI could affect nearly 40% of jobs, and worsen financial Geoffrey Hinton, a computer scientist regarded as one of the "godfathers" of AI development, has expressed concern that powerful AI systems could even make humans extinct - a fear dismissed by his fellow "AI godfather", Yann also highlight the tech's potential to reproduce biased information, or discriminate against some social is because much of the data used to train AI comes from public material, including social media posts or comments, which can reflect biases such as sexism or apology as AI labels black men 'primates'Twitter finds racial bias in image-cropping AIAnd while AI programmes are growing more adept, they are still prone to errors. Generative AI systems are known for their ability to "hallucinate" and assert falsehoods as halted a new AI feature in January after it incorrectly summarised news app BBC complained about the feature after Apple's AI falsely told readers that Luigi Mangione - the man accused of killing UnitedHealthcare CEO Brian Thompson - had shot has also faced criticism over inaccurate answers produced by its AI search has added to concerns about the use of AI in schools and workplaces, where it is increasingly used to help summarise texts, write emails or essays and solve bugs in are worries about students using AI technology to "cheat" on assignments, or employees "smuggling" it into musicians and artists have also pushed back against the technology, accusing AI developers of using their work to train systems without consent or compensation. Thousands of creators - including Abba singer-songwriter Björn Ulvaeus, writers Ian Rankin and Joanne Harris and actress Julianne Moore - signed a statement in October 2024 calling AI a "major, unjust threat" to their Eilish and Nicki Minaj want stop to 'predatory' music AIAI-written book shows why the tech 'terrifies' creatives How does AI impact the environment? It is not clear how much energy AI systems use, but some researchers estimate the industry as a whole could soon consume as much as the the powerful computer chips needed to run AI programmes also takes lots of power and for generative AI services has meant an increase in the number of data huge halls - housing thousands of racks of computer servers - use substantial amounts of energy and require large volumes of water to keep them large tech companies have invested in ways to reduce or reuse the water needed, or have opted for alternative methods such as some experts and activists fear that AI will worsen water supply problems. The BBC was told in February that government plans to make the UK a "world leader" in AI could put already stretched supplies of drinking water under September 2024, Google said it would reconsider proposals for a data centre in Chile, which has struggled with grids creak as AI demands soar Are there laws governing AI? Some governments have already introduced rules governing how AI EU's Artificial Intelligence Act places controls on high risk systems used in areas such as education, healthcare, law enforcement or elections. It bans some AI use AI developers in China are required to safeguard citizens' data, and promote transparency and accuracy of information. But they are also bound by the country's strict censorship the UK, Prime Minister Sir Keir Starmer has said the government "will test and understand AI before we regulate it".Both the UK and US have AI Safety Institutes that aim to identify risks and evaluate advanced AI 2024 the two countries signed an agreement to collaborate on developing "robust" AI testing in February 2025, neither country signed an international AI declaration which pledged an open, inclusive and sustainable approach to the countries including the UK are also clamping down on use of AI systems to create deepfake nude imagery and child sexual abuse who made 'depraved' child images with AI jailedInside the deepfake porn crisis engulfing Korean schools Sign up for our Tech Decoded newsletter to follow the world's top tech stories and trends. Outside the UK? Sign up here.
Geeky Gadgets
2 hours ago
- Geeky Gadgets
Is This the Samsung Galaxy S26 Ultra? A Look at the Rumored Design
The Samsung Galaxy S26 Ultra establishes itself as a pivotal advancement in the world of smartphones, offering a blend of innovative technology, refined design, and unparalleled performance. This flagship device is crafted to cater to the needs of a discerning audience, setting new standards in the premium smartphone market. By focusing on enhanced camera capabilities, sleek aesthetics, and robust functionality, Samsung continues to solidify its leadership in the industry. Watch this video on YouTube. Design Evolution: Where Form Meets Function The Galaxy S26 Ultra introduces a bold design shift, moving away from the flatback style of its predecessors to adopt a raised camera island. This new design element not only enhances the device's visual appeal but also serves a practical purpose. The raised camera island, featuring larger lenses encased in individual rings, offers improved lens protection while showcasing Samsung's attention to detail and premium craftsmanship. This design inspiration is drawn from the Galaxy Z Fold 7, seamlessly blending innovation with elegance. The device's thinner profile further enhances its ergonomic appeal, ensuring a comfortable grip for extended use. Despite its slimmer build, the S26 Ultra maintains exceptional durability, making it a reliable companion for daily use. Samsung's meticulous approach to design reflects its commitment to creating devices that balance aesthetics with functionality, appealing to users who value both style and practicality. Camera Innovations: Mastering Low-Light Photography The camera system of the Galaxy S26 Ultra is a defining feature, designed to meet the expectations of photography enthusiasts and casual users alike. Equipped with larger apertures on the main and 5x telephoto lenses, the device excels in low-light conditions, capturing sharper and more detailed images. These enhancements are complemented by advancements in lens technology, which improve image clarity, color accuracy, and overall photographic quality. Whether capturing a bustling cityscape at night or a portrait in dim lighting, the S26 Ultra delivers professional-grade results. The device's ability to produce high-quality images in challenging conditions underscores its role as a versatile tool for photography. This focus on camera innovation aligns with the growing demand for smartphones that double as powerful imaging devices, particularly in the premium segment. Performance Upgrades: Power and Efficiency Combined At the heart of the Galaxy S26 Ultra lies the Snapdragon 8 Gen 4 Elite 2 for Galaxy chipset, a processor that represents a significant leap in speed and efficiency. This next-generation chipset ensures smooth multitasking, faster app launches, and an enhanced gaming experience. Its advanced architecture also supports improved AI capabilities, allowing smarter features and optimized performance across various applications. Battery life has been significantly improved, allowing users to stay connected for longer periods without frequent recharging. When recharging is necessary, the S26 Ultra's faster charging technology minimizes downtime, a crucial feature for users with demanding schedules. These performance upgrades highlight Samsung's dedication to delivering a seamless and efficient user experience, making sure the device meets the needs of modern consumers. Market Position: Strengthening Samsung's Leadership The Galaxy S26 Ultra builds on the success of its predecessor, the S25 Ultra, while incorporating innovative design elements from the Galaxy Z Fold 7. By merging these advancements, Samsung aims to reinforce its position in the competitive premium smartphone market. The S26 Ultra is tailored for users who seek innovative technology, exceptional performance, and sophisticated design. In a market crowded with options, differentiation is essential. The S26 Ultra stands out with its focus on camera excellence, innovative design, and enhanced functionality. These features cater to a growing segment of consumers who prioritize quality and performance, further establishing Samsung's reputation as a leader in the industry. By addressing the evolving needs of its audience, Samsung continues to set the benchmark for flagship smartphones. Browse through more resources below from our in-depth content covering more areas on Samsung Galaxy S26 Ultra. Source & Image Credit: Demon's Tech Filed Under: Android News, Mobile Phone News, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
