Semiconductor supplier ASM reports $777 mn revenue in Q4

Semiconductor supplier ASM International (ASMI) reported that sales in Q4 2022 increased to around €720 million or $777.31 million mainly due to better-than-expected supply chain conditions and higher conversion of the backlog.
ASML Holding chip business
ASM International’s previous guidance was for €630-660 million. “Though we are still faced with certain supply chain challenges, the situation improved more than expected. Thanks to solid execution by our suppliers and Global Operations team we were able to complete and ship additional tools in the final weeks of December,” ASM International said.

ASM International’s orders amounted to €820 million in Q4 2022 — predominantly driven by the power/analog/wafer segment, including an exceptionally high order intake in silicon carbide epitaxy business (LPE). The increase in LPE’s orders was driven by some customers bringing forward orders that are scheduled for shipment in the latter part of 2023.

Operating margin for Q4 2022 is expected to be approximately 26 percent, excluding PPA (purchase price allocation) amortization related to the acquisition of LPE, ASM International said.

ASM International on February 28 will report fourth quarter and full year 2022 financial results and will provide guidance for 2023 Q1 and Q2 revenue.