Besi launches €100 million buyback as Q3 orders beat estimates on AI demand

What happened: BE Semiconductor Industries NV (AS:BESI) announced a new €100 million share repurchase program starting October 27 and running through October 2027, as Q3 orders beat estimates on AI demand. Key numbers: Order intake rose 96.1% year-on-year to €342.6 million versus €298 million expected. Revenue rose 113.6% to €283.4 million. Net income climbed 323.7% to €107.2 million. Why it matters: Hybrid bonding orders more than doubled year-to-date, and CEO Richard Blickman said favorable order momentum should continue in Q4 as the multi year AI capacity build-out progresses. Market: -5.8% today ($47.04), -37.4% YTD, 1.3x vol — as of 07:45 UTC

BE Semiconductor Industries NV (AS:BESI) announced a new €100 million share repurchase program starting October 27 and running through October 2027, as Q3 orders beat estimates on AI demand.

Hybrid bonding orders more than doubled year-to-date, and CEO Richard Blickman said favorable order momentum should continue in Q4 as the multi year AI capacity build-out progresses. Market: -5.8% today ($47.04), -37.4% YTD, 1.3x vol — as of 07:45 UTC