Shares of BE Semiconductor Industries (AS:BESI) jumped over 6% on Thursday after the company unveiled higher long-term financial targets ahead of its investor day, signaling growing confidence in demand for its chip packaging solutions.

The Dutch semiconductor equipment maker now expects mid- to long-term annual revenue between €1.5 billion and €1.9 billion, with a midpoint of €1.7 billion, well above its previous loose target of “€1bn+++.”

The company also raised profitability expectations. Gross margin guidance was increased to a midpoint of 66%, up from 64%, and operating margin guidance rose to 47.5%, compared to the previous 42.5%.

While BESI did not specify a timeline for reaching these goals, both J.P. Morgan and UBS said the new figures exceed current market expectations. 

UBS noted the upgraded revenue target compares favorably to consensus estimates of €1.1 billion to €1.4 billion for 2027–2029. 

The brokerage also highlighted BESI’s revised gross margin range of 64–68% (previously 62–66%) and operating margin of 40–55% (up from 35–50%) as indicating a potential 35% to 45% upgrade to consensus EBIT.

J.P. Morgan said the raised targets stem from a strategic review BESI conducted in March alongside key customers and stakeholders. 

That review identified the accelerating adoption of artificial intelligence as a major tailwind, creating increased demand for advanced chip packaging, particularly in complex logic and memory designs.