BE Semiconductor Reports Growth in Q4 with Strong Increase in Orders
BE Semiconductor Industries recorded a revenue of EUR 166.4 million in the fourth quarter of 2025, up by 25.4% compared to the previous quarter. The semiconductor assembly equipment manufacturer also saw a 43.3% jump in orders during the same period.
Financial Performance in Q4
BE Semiconductor announced on Thursday a revenue of EUR 166.4 million for the fourth quarter, marking a 25.4% increase from the third quarter and an 8.5% rise from the same period the previous year. This growth was primarily driven by increased deliveries for 2.5D computing applications related to artificial intelligence and photonics. The net income reached EUR 42.8 million, up by 69.2% quarter-over-quarter. The net margin stood at 25.7%, improving by 6.7 percentage points on a quarterly basis, supported by higher revenue, improved gross margins, and operational expenses growth below forecasts. However, compared to the fourth quarter of 2024, the net income decreased by 27.8%, mainly due to the absence of a net tax benefit of EUR 18.2 million recognized a year earlier.
Order Book and Gross Margin
Orders received in the fourth quarter amounted to EUR 250.4 million, up by 43.3% from the previous quarter and 105.4% year-over-year. This momentum reflects widespread demand from Asian subcontractors for 2.5D datacenter applications, renewed capacity acquisitions for photonics applications, and a significant increase in hybrid bonding orders. The gross margin for the fourth quarter was 63.9%, up by 1.7 points from the third quarter, thanks to a more favorable product mix. It remained relatively stable compared to the fourth quarter of 2024. In terms of cash flow, BE Semiconductor maintained a strong liquidity position at the year's end with available funds of EUR 543.0 million and net cash of EUR 36.0 million, up by EUR 24.4 million and EUR 43.8 million respectively from the third quarter.
Annual Financial Overview 2025
The annual revenue for 2025 was EUR 591.3 million, down by 2.7% compared to 2024. This decrease was primarily due to a general weakness in the final mobile, automotive, and industrial markets, partially offset by increased revenues from Asian subcontractors for datacenter and photonics applications related to artificial intelligence. Annual orders amounted to EUR 685.0 million, up by 16.8% year-over-year, driven by strong demand for 2.5D applications related to artificial intelligence for datacenter applications among Asian subcontractors and renewed capacity acquisitions for photonics. The annual gross margin reached 63.3%, down by 1.9 points, mainly due to a 12% depreciation of the US dollar against the euro during the first half of the year. The annual net income was EUR 131.6 million, down by 27.7%, reflecting reduced gross margins, higher net interest expenses, and an increased effective tax rate.
