$ASMPT (00522.HK)$The stock price continued to rise at the market opening, hitting a new all-time high; as of press time, it surged 7.7% to HKD 159.5, with a trading volume exceeding HKD 200 million; the stock has cumulatively risen over 60% this month.
In terms of developments, on April 22, ASMPT announced its first-quarter results for 2026. Revenue from continuing operations reached HKD 3.97 billion (USD 508 million), surpassing the midpoint of the revenue forecast and representing a quarter-on-quarter increase of 0.2% and a year-on-year rise of 32.0%. The total new orders amounted to HKD 5.67 billion (USD 727 million), significantly exceeding expectations, growing by 46.0% quarter-on-quarter and 71.6% year-on-year, marking a four-year high. The adjusted gross margin stood at 39.5%, increasing by 357 basis points quarter-on-quarter but declining by 151 basis points year-on-year. Profit was approximately HKD 324 million, down 70.8% quarter-on-quarter but up 192.9% year-on-year. Adjusted profit reached HKD 335 million, driven by an increase in operating profit, rising by 123.8% quarter-on-quarter and 193.5% year-on-year.
The announcement stated that the quarter-on-quarter improvement in adjusted gross margin was attributed to higher gross margins and increased revenue contributions from the Semiconductor Solutions segment. The year-on-year decline was due to higher revenue contributions from the Surface Mount Technology Solutions segment.
Editor/Jayden