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Investing.com -- ASM International lowered its revenue outlook for the second half of 2025 ahead of its investor day on Tuesday.
The Dutch chip equipment maker now expects revenue in the second half to be 5% to 10% below the first half at constant exchange rates. It had previously projected flat performance between the two periods.
Third-quarter sales are set to meet guidance, but the company warned of a decline in the fourth quarter.
"This is due to lower-than-expected demand in leading-edge logic/foundry, with a mixed picture per customer, as well as lower demand in the power/wafer/analog markets," ASM said in a statement.
Weaker demand is also expected to weigh on bookings, with the book-to-bill ratio likely to fall below 1 in the second half.
The revised outlook means ASM’s 2025 revenue growth, measured at constant currencies, will land at the bottom of its earlier 10%–20% range.
The company said it continues to anticipate robust full-year growth in leading-edge logic/foundry, adding that the long-term outlook for that segment “remains strong.”
ASM is set to release third-quarter results during the week of October 27, 2025.