ASMPT (0522) Q1 2026 earnings summary

Executive summary

• Achieved highest quarterly bookings and billings in several years, driven by AI-related demand across multiple product lines, with both SEMI and SMT segments benefiting from AI technology evolution.

• Group quarterly bookings exceeded expectations, with SMT bookings at a record level and SEMI adjusted gross margin reaching 46.4%.

• Revenue and adjusted EPS were above market consensus, supported by robust performance in both SEMI and SMT segments.

• Recognized with Intel EPIC Supplier Award for 2026, reflecting strong technical capability and customer engagement.

Financial highlights

• Q1 2026 revenue reached $507.9 million (HK$3,966.8 million), flat QoQ but up 32.0% YoY, highest in three years.

• Group bookings hit $727.0 million (HK$5,673.4 million), up 46.0% QoQ and 71.6% YoY, highest in four years.

• Adjusted gross margin was 39.5%, up 357 bps QoQ but down 151 bps YoY.

• Adjusted EPS at HKD 0.81, up 118.9% QoQ and 189.3% YoY, above market consensus.

• Book-to-bill ratio reached 1.43, indicating strong order momentum.

Outlook and guidance

• Q2 2026 revenue guidance: $540M–$600M, midpoint $570M (+12.2% QoQ, +37.0% YoY), exceeding market consensus.

• Bookings expected to remain elevated, with semi segment driving growth; SMT bookings to moderate QoQ due to high base effect.

• AI-driven demand expected to support structural growth across both semi and SMT in 2026.