Besi orders surge 128.8% as AI demand and hybrid bonding technology fuel semiconductor growth

Besi posts sharp rise in quarterly orders

July 23 (Reuters) - BE Semiconductor Industries (Besi) (BESI.AS), opens new tab on Thursday reported a 128.8% rise in its quarterly orders, driven ⁠by demand for data centre, photonics and AI power management applications. Besi posted orders of 292.9 ⁠million euros ($334.8 million)for the second quarter, up from ⁠128 million euros a year ⁠earlier. ($1 = 0.8748 euros) Reporting by ⁠Ozan Ergenay in Gdansk, editing by Bartosz Dabrowski Our Standards: The Thomson Reuters Trust Principles., opens new tab

Besi orders more than double as AI and hybrid bonding tech drive demand

Besi's quarterly orders more than doubled, fueled by AI and hybrid bonding technology. The company saw increased customer adoption of its advanced chip packaging solutions. Demand for AI applications continues to drive growth in data centers. Besi anticipates revenue growth between ten and fifteen percent. This strong performance aligns with other semiconductor sector reports. BE Semiconductor Industries (Besi) on Thursday reported quarterly orders significantly above last year's level, fuelled by strong demand for AI, hybrid bonding, photonics and data centres. Investors are betting on rising demand for Besi's hybrid bonding solutions, a chip-packaging technology that enables two chips to be directly ⁠bonded together, ⁠citing the company's first-mover advantage as AI-driven demand accelerates. The Dutch semiconductor equipment maker said its order bookings, an important indicator for future growth, more than doubled to €292.9 million ($334.8 million) in the second quarter, compared with €128 million a year ago. The number of customers using Besi's hybrid bonding technology increased to ⁠21 in the quarter from 15 at the end of last year, as the technology gained traction in logic, ⁠memory, co-packaged optics and consumer applications and drove capacity expansions among customers, it said. "We see order momentum continuing in the third quarter due to ongoing demand strength for current and future AI applications as well as improvement in Besi's traditional mainstream end-user markets," CEO Richard Blickman said in a statement. He added customers were indicating that AI-related spending remains on a multi-year growth path, as demand for agentic AI applications fuels increased purchases of central processing ⁠units and advanced packaging equipment for data centres. Besi expects revenue to grow between 10% and 15% in the third quarter, compared with the €249.9 million reported for the April-June period. Initial earnings reports from Alphabet , ASML and TSMC also point to continued strength in the semiconductor sector, driven by booming demand for AI chips.

Besi reports strong Q2 earnings on AI-driven chip packaging demand By Investing.com

Investing.com-- Dutch semiconductor equipment maker BE Semiconductor Industries (Besi) (AS:BESI) reported sharply higher second-quarter earnings on Thursday, driven by strong demand for artificial intelligence-related chip packaging equipment, and forecast further revenue growth in the current quarter. Besi said second-quarter net income jumped 177.3% from a year earlier to 89.0 million euros, while revenue rose 68.7% to 249.9 million euros. Get premium insights on key tech earnings with InvestingPro subscription -- now at 60% off Orders climbed 128.8% to 292.9 million euros, supported by broad-based growth led by AI computing, datacenter, photonics and hybrid bonding applications. Chief Executive Richard Blickman said demand continued to be fueled by expanded AI infrastructure spending, a modest recovery in smartphone and automotive markets, and disciplined cost management. He said AI-related systems accounted for roughly 60% of first-half orders, up from about 50% a year earlier, while customers continued investing in hybrid bonding capacity for next-generation AI devices. For the third quarter, Besi expects revenue to rise 10% to 15% from the second quarter, supported by its order backlog and continued demand for AI applications. The company forecast gross margins of 63% to 65%, compared with 65.7% in the second quarter due to a less favorable product mix, while operating expenses are expected to be flat or rise by up to 5%.