BE Semiconductor (Besi) updated its long-term financial guidance at its 2026 Investor Day, citing strong demand in AI-related advanced packaging. J.P. Morgan maintains an Overweight rating with a price target of €342.
Key Takeaways
- 1.BE Semiconductor increased long-term financial targets following its 2026 Investor Day, raising midpoint revenue guidance by 14.7% to €1.95bn.
- 2.The company expects operating margins to increase to a 45-55% range from a previous 40-55% range.
- 3.Growth is driven by stronger demand for 2.5D AI-related datacenter and photonics applications and hybrid bonding adoption.
Table of Contents
- Investment Thesis, Valuation and Risks
- Investment Thesis
- Valuation
- Risks to Rating and Price Target
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Sandeep DeshpandeCraig A McDowellAnthony Girard
Securities
BESI
Themes
Advanced Packaging and Hybrid BondingAI Infrastructure Demand
Regions
EuropeNetherlands