QM · rank #7 · 2026-09-09
ASM
AMSTERDAM · EUR · $44.53B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +105.37% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +26.8% |
| Profit margin Net profit margin, trailing 12 months. | +31.9% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $44.53B |
| Anchor (recent) Close on 2026-08-10 | $859.60 |
| Anchor (far) Close on 2025-08-08 | $418.57 |
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
ASM International is a Dutch wafer-processing equipment supplier specializing in advanced deposition tools critical for leading-edge logic/foundry scaling and HBM DRAM 3D architectures.
Rationale
Record Q2 2026 revenue of €1,003M (+24% YoY), 51.9% gross margin, 26.8% ROE, and 31.9% net margin confirm the quality screen is grounded in real operational outperformance, while the 12-1 momentum signal of 1.05 reflects sustained market recognition of that earnings power.
Material risks
- 1China export-control tightening could abruptly cut off the mature-node logic/foundry revenue stream that contributed meaningfully to Q2 2026 results, directly shrinking the revenue base underpinning the quality metrics.
- 2No long-term fixed backlog means order momentum can reverse sharply with a logic/HBM DRAM capex rotation, leaving the momentum signal exposed to a sudden earnings-growth deceleration rather than a structural moat.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.