QM · rank #10 · 2026-07-27
BESI
AMSTERDAM · EUR · $20.50B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +118.08% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +44.9% |
| Profit margin Net profit margin, trailing 12 months. | +28.4% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $20.50B |
| Anchor (recent) Close on 2026-06-26 | $282.70 |
| Anchor (far) Close on 2025-06-27 | $129.63 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
BE Semiconductor Industries is a Dutch semiconductor assembly equipment maker specializing in advanced packaging, die-attach, and hybrid bonding tools, with accelerating demand driven by AI computing and high-end mobile applications.
Rationale
The quality_momentum signal is strongly reinforced: momentum_12_1 of 1.18 reflects a genuine earnings and order inflection, while ROE of 44.9% and 28.4% profit margins (with Q2-26 actuals printing 35.6% net margin) confirm the quality screen is capturing real fundamental improvement, not multiple expansion alone.
Material risks
- 1Semiconductor capex cyclicality — Besi's order book (€562.6M H1-26) is concentrated in AI and mobile; a demand pause from hyperscalers or smartphone OEMs would compress orders rapidly given the company's lack of a universal sole-source position in back-end equipment.
- 2Geopolitical and export-control risk — restrictions on advanced packaging capacity buildout by key Asian customers (particularly in China) could abruptly shrink the addressable order pipeline that currently underpins backlog visibility and Q3 guidance.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.