Critical chip firm ASML smashes fourth-quarter expectations as it predicts similar sales for 2024

Dutch firm ASML makes probably the most vital items of equipment required to fabricate essentially the most superior chips on this planet. U.S. chip curbs have left firms, together with ASML, scrambling to determine what the principles imply in follow.

Emmanuel Dunand | AFP | Getty Images

ASML, probably the most vital semiconductor gear firms on this planet, beat prime and backside line expectations, however mentioned it forecasts its income for this yr shall be similar to 2023.

Here’s how ASML did versus LSEG consensus estimates:

  • Net sales: 7.2 billion euros ($7.82 billion) versus 6.9 billion euros anticipated
  • Net revenue: 2.05 billion euros versus 1.86 billion euros anticipated

ASML had beforehand mentioned that it expects fourth-quarter internet sales between 6.7 billion euros and seven.1 billion euros with a gross margin between 50% and 51%.

Net sales for the fourth quarter rose 12.5% year-on-year.

The firm reported a gross margin of 51.4% within the fourth quarter.

ASML mentioned it expects first-quarter internet sales of between 5.0 billion euros and 5.5 billion euros.

“We preserve our conservative view for the full yr and anticipate 2024 income to be similar to 2023. We additionally anticipate 2024 to be an vital yr to organize for important progress that we anticipate for 2025,” mentioned ASML CEO Peter Wennink mentioned in a press release on Wednesday.

ASML reported 27.6 billion euros in income for 2023, larger than the 21.2 billion euros of the yr earlier than.

ASML, a Dutch firm that makes a machine required within the manufacturing of the world’s most superior chips, has been caught within the broader expertise battle between the U.S. and China.

The Dutch authorities, following U.S. stress, introduced curbs in June on the export of superior semiconductor gear. And in October, the U.S. tightened its own export controls on superior semiconductors and chipmaking instruments to China.

This month, ASML mentioned the Dutch authorities partially revoked its license for the cargo of its NXT:2050i and NXT:2100i lithography programs in 2023 to China. These are programs required to make much less superior chips.

ASML’s prime finish instruments, identified as excessive ultraviolet lithography machines, have by no means obtained an export license. To date, ASML has not shipped one in every of these machines to China.

This is a breaking information story. Please verify again for extra.

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