Overview
- Besi reported third-quarter order intake of €342.6 million, a clear beat versus analyst expectations.
- Orders rose 17% from the prior quarter and 96% year‑on‑year against a Visible Alpha consensus of €298 million.
- CEO Richard Blickman said the company expects the favourable order momentum to continue into Q4‑26 and the board will start a €100 million share buyback.
- Investors remain cautious because chipmakers might be slow to adopt Besi’s hybrid bonding process, which stacks chips to create faster, denser connections and has been a key driver of recent orders.
- Orders are the industry’s main forward-looking metric but they can swing widely between quarters, so the beat signals stronger near-term demand while timing of deliveries and wider tech adoption will determine if that strength lasts.