ASML Inventory Surges as Gross sales Forecast Tops Estimates

Textual content measurement

Shares of

ASML Holding
,
the Dutch provider of producing gear to the semiconductor trade, had been rising Wednesday after the corporate issued a forecast for fourth-quarter gross sales that got here in forward of analysts’ estimates.

ASML (ticker: ASML) additionally stated new U.S. chip export management rules “don’t amend the principles governing lithography gear shipped by ASML out of the Netherlands and we count on the direct influence on ASML’s general 2023 cargo plan to be restricted.”

U.S.-listed shares of ASML gained 4.1%. Within the Netherlands, the inventory rose 5.2%; it has declined about 40% this 12 months in what has been a tough 2022 for chip shares.

ASML stated it expects fourth-quarter gross sales of €6.1 billion to €6.6 billion, and gross margin round 49%. Analysts polled by Bloomberg forecast gross sales of €6.13 billion. For the 12 months, ASML stated it expects income of €21.1 billion “with a gross margin approaching 50%.”

Third-quarter gross sales at ASML had been €5.8 billion, which beat analysts’ estimates. Gross margin was 51.8%, which topped firm steering.

“The general demand for our methods continues to be sturdy,” Chief Government Officer Peter Wennink stated in a press release. “This resulted in document bookings within the third quarter.”

Different chip-tool makers had been buying and selling increased Wednesday.

Utilized Supplies

(AMAT) rose 0.8%, and

Lam Analysis

(LRCX) was up 0.9%. The tech-heavy

Nasdaq
was slipping 0.2%.

Write to Joe Woelfel at joseph.woelfel@barrons.com