Duiven, the Netherlands, April 23, 2026 - 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 first quarter ended March 31, 2026.

Key Highlights

• Revenue of € 184.9 million was up 11.1% vs. Q4-25 and 28.3% vs. Q1-25 due primarily to higher shipments for high-end mobile and 2.5D AI computing applications

• Orders of € 269.7 million were up 7.7% vs. Q4-25 primarily due to a significant increase in bookings for hybrid bonding systems. Vs. Q1-25, orders grew 104.5% due to broad based growth across all end-user markets, with particular strength in hybrid bonding, mobile and photonics applications

• Gross margin of 63.5% decreased by 0.4 points vs. Q4-25 and by 0.1 point vs. Q1-25 primarily due to adverse net forex effects

• Net income of € 51.6 million increased 20.6% vs. Q4-25 and 63.8% vs. Q1-25 due primarily to higher revenue growth and cost control efforts which limited expense growth. Similarly, Besi’s net margin rose to 27.9% vs. 25.7% in Q4-25 and 21.9% in Q1-25

• Net cash of € 103.3 million increased € 67.3 million, or 186.9%, vs. Q4-25 due to improved profitability and cash flow generation

Outlook 

• Revenue expected to increase 30%-40% vs. the € 184.9 million reported in Q1-26

• Gross margin expected to increase to a range of 64%-66% vs. the 63.5% realized in Q1-26

• Operating expenses expected to increase 0%-10% vs. the € 53.5 million reported in Q1-26

 

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