Duiven, the Netherlands, October 23, 2025 - BE Semiconductor Industries N.V. (the “Company" or "Besi") (Euronext Amsterdam: BESI; OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the third quarter and nine months ended September 30, 2025.

Key Highlights Q3-25

• Revenue of € 132.7 million decreased by 10.4% vs. Q2-25 and was at the midpoint of guidance. Revenue decreased 15.3% vs. Q3-24 principally due to the ongoing industry downturn

• In contrast, orders of € 174.7 million increased by 36.5% vs. Q2-25 and 15.1% vs. Q3-24 principally due to a significant increase in bookings by Asian subcontractors for 2.5D datacenter and photonics applications

• Besi’s gross margin of 62.2% exceeded guidance. It decreased by 1.1 points vs. Q2-25 and 2.5 points vs. Q3-24 due primarily to adverse forex effects from the decline of the USD vs. the euro

• Net income of € 25.3 million decreased by 21.2% vs. Q2-25 and 45.9% vs. Q3-24 due principally to lower revenue and gross margins realized. Besi’s Q3-25 net margin decreased to 19.0% vs. 21.6% in Q2-25 and 29.9% in Q3-24

• Cash and deposits at September 30, 2025 increased by € 28.4 million vs. June 30, 2025, principally due to increased cash flow generated from operations

Key Highlights YTD-25

• Revenue of € 425.0 million decreased by 6.4% vs. YTD-24 principally due to ongoing weakness in mainstream assembly markets, particularly for mobile and automotive applications, partially offset by increased shipments to Asian subcontractors for data center applications and increased shipments of hybrid bonding systems

• Orders of € 434.6 million were down 6.5% vs. YTD-24 primarily due to lower bookings for hybrid bonding and mobile applications, partially offset by increased die attach orders by Asian subcontractors for AI related computing applications

• Gross margin of 63.1% decreased by 2.5 points vs. YTD-24 primarily due to adverse forex effects

• Net income of € 88.8 million decreased by € 33.9 million, or 27.6%, vs. YTD-24 primarily due to lower revenue and gross margin and higher interest expense. Similarly, Besi’s net margin decreased to 20.9% versus 27.0% in YTD-24

Q4-25 Outlook  

• Revenue is expected to increase by 15-25% vs. the € 132.7 million reported in Q3-25 due to increased bookings levels

• Gross margin is expected to range between 61-63% vs. the 62.2% realized in Q3-25

• Operating expenses are expected to increase by 5-10% vs. the € 48.5 million reported in Q3-25 due to increased R&D expenses

 

To read the full version of our press release, please download the PDF file.