QM · rank #14 · 2026-10-22
ASM
AMSTERDAM · EUR · $45.07B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +72.69% |
|---|---|
| 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). | $45.07B |
| Anchor (recent) Close on 2026-09-22 | $860.80 |
| Anchor (far) Close on 2025-09-22 | $498.46 |
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 supplies single-wafer ALD, epitaxy and CVD tools for advanced logic/foundry and HBM DRAM, with Q2 2026 revenue at a record €1.003 billion and gross margin at 51.9%.
Rationale
The model’s strong 12-1 momentum is supported by record free cash flow, 26.8% ROE, 31.9% profit margin, and management’s upbeat guidance for Q3 and second-half 2026, reinforcing a quality-momentum setup.
Material risks
- 1Demand is concentrated in a few leading-edge customers, so qualification delays, internal process shifts, or share losses to Applied Materials, Lam Research, or Japanese rivals could hit ASM’s growth and moat.
- 2China export controls remain a real swing factor for bookings, and the October 27 earnings date creates near-term event risk with backlog visibility less robust than in 2024.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 1 of 3 voted to proceed.