Advanced semiconductor assembly and packaging equipment company with strong leverage to chiplet and AI packaging demand.MoreShow less
Profile & Fundamentals
BE Semiconductor Industries (BESI.AMS) Profile & Fundamentals
Review BE Semiconductor Industries reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
BE Semiconductor Industries: Company Profile & Ownership
BE Semiconductor Industries N.V. develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally. It operates through three segments: Die Attach, Packaging, and Plating. The company offers single chip, multi chip, multi module, flip chip, epoxy and soft solder die bonding systems, hybrid, TCB and embedded bridge die bonding, die lid attach, and fan out wafer level packaging systems; and conventional, ultra-thin and wafer level molding, trim and form, and singulation systems. It also provides tin, copper, precious metal and solar plating systems, and related process chemicals; and tooling, conversion kits, spare parts, and other services. The company sells its products under the Fico, Meco, Datacon, and Esec brands. It serves multinational chip manufacturers, foundries, assembly subcontractors and electronics, and industrial companies. BE Semiconductor Industries N.V. was incorporated in 1995 and is headquartered in Duiven, the Netherlands.
Company profile record
BE Semiconductor Industries NV
Common Stock · Information Technology · Semiconductor Materials & Equipment
Company
- Company / asset
- BE Semiconductor Industries NV
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Semiconductor Materials & Equipment
- HQ
- 🇳🇱 Netherlands
- Head office
- Ratio 6, Duiven, Netherlands, 6921 RW
Leadership & scale
- Chief executive
- Mr. Richard W. Blickman
- CEO year born
- 1954
- Full-time employees
- 2K
- Fiscal year end
- December
- IPO date
- 1995-12-04
Fundamentals snapshot
- Market Cap
- EUR 11.6B
- P/E
- 39.9x
- Revenue (Q3 26)
- EUR 283.4M
- Profit (Q3 26)
- EUR 107.2M
- Dividend Yield
- 0.9%
- Revenue (FY 25)
- EUR 591.3M
- Shares in public float
- 63.2M
- Insider ownership
- 21.69%
Reporting & identifiers
- Symbol
- BESI.AMS
- Listing
- 🇳🇱 Netherlands | Dividend Tax: 15%
- Ticker Currency
- EUR
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- NL0012866412
- Asset ID
- equity_4d04858e-8f04-5ed9-986c-2ea3c1c11fff
BE Semiconductor Industries: Ownership
Shares Outstanding
Latest: 80.9M | Max: 84.8M | Min: 72.7M
Latest reported ownership snapshot
Float Shares
78.12%
63.2M latest reported shares
Insider Ownership
21.69%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 72,705,100 |
| 2018-01-01 | 72,705,100 |
| 2019-01-01 | 72,705,100 |
| 2020-01-01 | 72,705,100 |
| 2021-01-01 | 78,121,800 |
| 2022-01-01 | 84,777,400 |
| 2023-01-01 | 82,091,300 |
| 2024-01-01 | 81,628,900 |
| 2025-01-01 | 79,514,700 |
| 2026-01-01 | 80,897,800 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
BE Semiconductor Industries: Earnings, Profitability & Valuation
Latest Financials Filed On
Cash Flow: EUR→USD conversion reference as of . Historical periods use their own dated rates.
Income Statement: EUR→USD conversion reference as of . Historical periods use their own dated rates.
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's financial story shows a sharp operational recovery from the cyclical industry downturn of 2025. During that trough, full-year revenue slipped slightly to 591 million euros as chipmakers paused equipment upgrades. However, performance accelerated dramatically in the second quarter of 2026, when revenue jumped 68.7% year-over-year to 250 million euros and quarterly net income surged 178% to 89 million euros. This turnaround was driven by commercial shipments of advanced hybrid bonding systems for artificial intelligence processors. While headline profits look spectacular, investors must recognize the lumpiness of manufacturing equipment sales. The current earnings surge represents a concentrated wave of machine installations across major logic factories rather than smooth monthly subscription income. Cash collections also lagged shipments slightly as receivables expanded during the ramp, proving that long-term earnings growth still requires steady follow-on orders rather than single demonstration projects.
The company's financial story shows a sharp operational recovery from the cyclical industry downturn of 2025. During that trough, full-year revenue slipped slightly to 591 million euros as chipmakers paused equipment upgrades. However, performance accelerated dramatically in the second quarter of 2026, when revenue jumped 68.7% year-over-year to 250 million euros and quarterly net income surged 178% to 89 million euros. This turnaround was driven by commercial shipments of advanced hybrid bonding systems for artificial intelligence processors. While headline profits look spectacular, investors must recognize the lumpiness of manufacturing equipment sales. The current earnings surge represents a concentrated wave of machine installations across major logic factories rather than smooth monthly subscription income. Cash collections also lagged shipments slightly as receivables expanded during the ramp, proving that long-term earnings growth still requires steady follow-on orders rather than single demonstration projects.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 591.3M | Max: EUR 749.3M | Min: EUR 65.2M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 81x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profit margins resemble those of an elite software company rather than a traditional machinery manufacturer. Gross profit margins stood at 63.3% during the 2025 cyclical trough and expanded to 65.7% in the second quarter of 2026. This extraordinary pricing power exists because the company's proprietary positioning heads operate with nanometer precision, leaving leading chipmakers with virtually no viable commercial substitutes for advanced packaging lines. Operating profitability is powerfully geared to shipment volume. Operating margins expanded from 29.3% in 2025 toward 36% in mid-2026 as surging sales easily absorbed relatively fixed research and administrative overhead. While customer concentration allows major foundries to negotiate volume discounts on large orders, the rich mix of proprietary hybrid bonding tools ensures underlying gross margins remain structurally protected above sixty percent.
Profit margins resemble those of an elite software company rather than a traditional machinery manufacturer. Gross profit margins stood at 63.3% during the 2025 cyclical trough and expanded to 65.7% in the second quarter of 2026. This extraordinary pricing power exists because the company's proprietary positioning heads operate with nanometer precision, leaving leading chipmakers with virtually no viable commercial substitutes for advanced packaging lines. Operating profitability is powerfully geared to shipment volume. Operating margins expanded from 29.3% in 2025 toward 36% in mid-2026 as surging sales easily absorbed relatively fixed research and administrative overhead. While customer concentration allows major foundries to negotiate volume discounts on large orders, the rich mix of proprietary hybrid bonding tools ensures underlying gross margins remain structurally protected above sixty percent.
Profitability Margins
Latest: 63.3% | Max: 65.2% | Min: 17.4%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
63.3%
Gross profit / revenue
Operating Margin
29.3%
Operating income / revenue
Net Margin
22.3%
Net income / revenue
FCF Margin
27.5%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 397,897,500 | 69,136,380 | 92,756,360 |
| 2017-12-31 | 705,414,150 | 205,859,290 | 186,183,830 |
| 2018-12-31 | 598,791,840 | 155,331,840 | 189,342,600 |
| 2019-12-31 | 398,938,400 | 91,078,400 | 116,895,520 |
| 2020-12-31 | 529,020,060 | 161,375,500 | 170,992,760 |
| 2021-12-31 | 854,198,580 | 321,957,660 | 284,432,280 |
| 2022-12-31 | 773,470,900 | 257,492,290 | 260,521,460 |
| 2023-12-31 | 636,748,200 | 194,792,400 | 198,607,200 |
| 2024-12-31 | 631,771,920 | 189,271,680 | 176,391,280 |
| 2025-12-31 | 691,857,270 | 154,019,968.83 | 189,944,820 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 80.8 | Trailing four quarters |
| 2024-12-31 | 59.3 | Trailing four quarters |
| 2023-12-31 | 63.3 | Trailing four quarters |
| 2022-12-31 | 19.9 | Annual net income |
| 2021-12-31 | 20.8 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 51.01 | 20.02 | 17.38 | 23.31 |
| 2017-12-31 | 57.12 | 35.33 | 29.18 | 26.39 |
| 2018-12-31 | 56.82 | 32.88 | 25.94 | 31.62 |
| 2019-12-31 | 55.81 | 25.81 | 22.83 | 29.3 |
| 2020-12-31 | 59.63 | 34.56 | 30.5 | 32.32 |
| 2021-12-31 | 59.63 | 42.38 | 37.69 | 33.3 |
| 2022-12-31 | 61.29 | 40.69 | 33.29 | 33.68 |
| 2023-12-31 | 64.92 | 36.86 | 30.59 | 31.19 |
| 2024-12-31 | 65.18 | 32.2 | 29.96 | 27.92 |
| 2025-12-31 | 63.29 | 29.27 | 22.26 | 27.45 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-05.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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