- BE Semiconductor Industries (BESIY, Financial) reported Q1 2025 revenue of €144.1 million, a 6.1% decline from Q4 2024.
- Orders increased by 8.2% to €131.9 million, largely due to AI-related applications.
- Applied Materials acquired a 9% stake in BESIY, indicating strategic investment.
BE Semiconductor Industries N.V. (OTC: BESIY) announced its first-quarter results for 2025, with revenue totaling €144.1 million, marking a decrease of 6.1% compared to the previous quarter, primarily due to reduced shipments in the high-end mobile and automotive sectors. Compared to Q1 2024, this represents a slight decline of 1.5%.
The company saw an 8.2% increase in orders, amounting to €131.9 million, driven largely by demand from Asian subcontractors for AI-related data center applications.
BESIY reported a net income of €31.5 million, a decrease of 46.9% from Q4 2024. This decline is attributed to the absence of a previous net tax benefit and increased consulting costs.
Despite these challenges, BESIY maintained a high gross margin of 63.6%, albeit a slight 0.4-point reduction from the previous quarter. The company continues to focus on growth in hybrid bonding and AI-related computing applications.
In Q1 2025, BESIY repurchased 187,000 shares at an average price of €117.95 per share, totaling €22.1 million, under its €100 million share repurchase plan.
Looking ahead to Q2 2025, BESIY anticipates stable revenue (±10%) compared to Q1 2025, with projected gross margins ranging between 62% and 64% and a decrease in operating expenses by up to 10%.
Notably, Applied Materials has taken a 9% ownership stake in BESIY, endorsing its wafer level assembly technology and extending their ongoing collaboration in die-based hybrid bonding solutions.
