Ge Long Hui·2026-03-04 05:45Core Viewpoint - Goldman Sachs reported that ASMPT's revenue in Q4 last year increased by 18% quarter-on-quarter, exceeding management guidance and market expectations [1] Financial Performance - Gross margin was 36.5%, lower than Goldman Sachs' expectation of 38.8% but higher than market expectations of 35.7% [1] - Net profit for the period reached HKD 957 million, significantly above Goldman Sachs' forecast of HKD 360 million and market expectations of HKD 172 million, primarily driven by gains from the sale of Advanced Packaging Materials International (AAMI) [1] Future Guidance - ASMPT's revenue guidance for Q1 this year is between USD 470 million and USD 530 million, representing a year-on-year growth of 17% to 32%, and a quarter-on-quarter decline of 8% to a growth of 4% [1] - The median of the guidance is slightly above Goldman Sachs' and market expectations [1] Rating and Target Price - Goldman Sachs maintains a "Neutral" rating for ASMPT with a target price of HKD 90.7 [1]