ASMPT
ConvictionContext
Capital-equipment sales (SEMI back-end tools + SMT placement lines) with attached tooling, spares and service; cyclical, order/backlog-driven, high R&D intensity.
Revenue
FY2025continuing ops) HK$13.74B (~US$1.76B); Q1 2026 US$507.9MRev growth
FY2025 +10.0% YoYQ1 2026 +32.0% YoY (flat QoQGross margin
FY2025 adjusted ~38.3%-172bps YoY); Q1 2026 adjusted 39.5% (SEMI adj. GM 46.4%Op margin
not separately disclosedin results summary; adjusted net margin thin (~3-4% on adjusted basisCapex intensity
moderateequipment assembler; asset-light vs front-end; R&D-heavyMarket cap
~US$10.5BHKEX: 0522; ~HK$82.1B, 6 Jul 2026; stock up roughly +230-285% YoY on the AI/TCB re-rating, though it fell ~4.4% on 6 Jul 2026 on profit-takingThe read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for ASMPT
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence