Finance
Besi Reports First-Quarter Bookings Above Last Year
Published by Global Banking & Finance Review®
Posted on April 23, 2026
2 min readLast updated: April 23, 2026
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Besi’s Q1 2026 orders surged to €269.7 million, up 104.5% year‑on‑year, driven by broad‑based demand in hybrid bonding, mobile and photonics applications; revenue at €184.9 million rose 28.3% from Q1 2025. The company projects Q2 revenue growth of 30%–40%.
Besi posts higher bookings in first-quarter, as AI boosts demand for hybrid bonding tech
Strong Quarterly Performance Driven by AI and Hybrid Bonding Demand
Quarterly Orders and Market Growth
April 23 (Reuters) - BE Semiconductor Industries (BESI) on Thursday reported quarterly orders above last year's level, reflecting growth across all its markets and particularly strong demand for hybrid bonding.
Investor Confidence in Hybrid Bonding Solutions
Investors are banking on growing orders for Besi's hybrid bonding solutions, a chip technology allowing two chips to be bonded directly on top of each other, citing its first-mover advantage amid a surge in demand for AI-enabling technology.
Order Bookings and Financial Highlights
Besi said its order bookings, an important indicator of future growth, jumped 104.5% to 269.7 million euros ($315.5 million) in the first quarter, compared with 131.9 million euros last year.
CEO Statement on Market Position
"Favorable order trends in Q1 reflect the strength of Besi’s advanced packaging market position for next generation AI applications," CEO Richard Blickman said in a statement.
Industry Trends and Future Outlook
Investments in AI have been offsetting weak demand in automotive, PC and memory chips.
Sector-Wide AI Chip Demand
Recent results from firms in the chip industry, including TSMC, ASML and ASM International , have demonstrated that the sector is continuing to benefit from surging demand for AI chips.
Revenue Forecast
Besi forecast its revenue to grow between 30% and 40% in the second quarter, compared with 184.9 million euros in the first quarter of 2026.
Currency Exchange Rate
($1 = 0.8548 euros)
Reporting Credits
(Reporting by Ozan Ergenay in Gdansk, editing by Matt Scuffham)
Key Takeaways
- •Orders more than doubled year‑on‑year, reaching €269.7 million in Q1 2026, propelled by strong demand across all end‑markets, notably hybrid bonding, mobile, and photonics.
- •Revenue grew 28.3% to €184.9 million versus Q1 2025, with net income up 63.8% to €51.6 million, illustrating improved profitability and cash flow strength.
- •Besi forecasts robust Q2 growth, guiding revenue up 30%–40% sequentially and expecting gross margin to rise further into a 64%–66% range, supported by operational leverage.
Frequently Asked Questions about Besi reports first-quarter bookings above last year
1How much were Besi's first-quarter bookings?
Besi reported first-quarter bookings of 269.7 million euros, up from 131.9 million euros a year earlier.
2What factors contributed to Besi's increased bookings?
Favorable order trends and growth across all its markets, especially in advanced packaging for next generation AI applications, contributed to the increased bookings.
3Who is the CEO of BESI?
The CEO of BESI is Richard Blickman.
4Which currency exchange rate is used in the report?
The report uses the exchange rate of $1 = 0.8548 euros.
