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Investing.com -- Semiconductor equipment maker BE Semiconductor Industries N.V. on Thursday reported a 45.9% year-over-year decline in third-quarter profit to €25.3 million, as lower demand in mobile and automotive assembly markets outweighed growth in datacenter and photonics applications.
Revenue for the three months ended September 30 fell 15.3% to €132.7 million, down 10.4% from the prior quarter.
BE Semiconductor Industries N.V. said orders rose 36.5% from the previous quarter to €174.7 million, up 15.1% from a year earlier.
The company attributed the increase to “a broad-based increase in die attach bookings by Asian subcontractors for 2.5D data center applications and renewed capacity purchases by leading photonics customers.”
Chief executive Richard W. Blickman said results were “within prior guidance in an assembly equipment market showing early signs of recovery.” He added, “Order levels improved significantly in Q3-25 with bookings of €174.7 million increasing by 36.5% and 15.1% versus Q2-25 and Q3-24, respectively.”
Gross margin for the quarter stood at 62.2%, down from 64.7% a year earlier, due mainly to “adverse forex effects from the decline of the USD vs. the euro.”
Operating income declined to €34.1 million from €55.1 million in the same quarter last year.
Net margin narrowed to 19.0%, from 29.9% in Q3-24. Basic and diluted earnings per share were €0.32, compared with €0.59 a year earlier.
For the first nine months of 2025, revenue totaled €425.0 million, down 6.4% from a year earlier. Net income declined 27.6% to €88.8 million, while orders fell 6.5% to €434.6 million.
The company said results reflected “ongoing weakness in mainstream assembly markets, particularly for mobile and automotive applications,” offset partly by higher shipments for “data center applications and increased shipments of hybrid bonding systems.”
Cash and deposits rose €28.4 million from the end of June to €518.6 million as of September 30, driven by stronger operating cash flow.
Besi completed its €100 million share buyback program in October after repurchasing approximately 192,000 shares in the quarter for €23.1 million at an average price of €119.94.
The company announced a new €60 million share repurchase program effective October 24, to be completed by October 2026.
Blickman said liquidity “remained strong,” adding that “cash flow from operations more than doubled versus Q2-25.”
He said the improved order outlook reflected “increased demand for advanced packaging capacity necessary to support the rapid expansion of datacenters, software and next-generation semiconductor devices required by the industry’s leading AI players.”
For the fourth quarter, Besi expects revenue to rise 15% to 25% from the third quarter, with gross margin between 61% and 63%.
Operating expenses are projected to increase 5% to 10%, mainly due to higher research and development spending.