ASM International's U.S. ADRs jumped 1.4% to $842.63 after the semiconductor equipment maker posted stronger-than-expected fourth-quarter results and issued an optimistic 2026 outlook. The stock had fallen earlier to $773.05 but reversed course as investors reacted to the positive news.

Q4 revenue reached €698 million, beating guidance of €630-660 million and analyst expectations of €697.92 million, though down 7% year over year at constant currency. Orders rebounded to €803 million, driven by stronger demand in advanced logic and foundry segments, with Chinese customers showing a late-quarter pickup.

The company's full-year 2025 revenue grew 12% at constant currencies to a record €3.2 billion, exceeding consensus estimates. CEO Hichem M'Saad highlighted nine consecutive years of double-digit growth and positioned ASM to gain market share as chipmakers advance to the 1.4nm node.