ASML sparkles

Author: EIS Release Date: Oct 27, 2022

ASML forecasts Q4 sales of €6.1 billion to €6.6 billion compared to Q3 sales of €5.8 billion.

 

For the full year it expects revenue of €21.1 billion with gross margin of about 50%

 

Although sales to China contributed 15% of its revenues last year, ASML reckons that the latest US restrictions on sales to China will not have any direct effect on financial results

 

“Based on our initial assessment, the new restrictions do not amend the rules governing lithography equipment shipped by ASML out of the Netherlands and we expect the direct impact on ASML’s overall 2023 shipment plan to be limited,” said CEO Peter Wennink (pictured).ASML CEO Peter Wennink

 

The company expects the total indirect impact from U.S. measures to be around 5% of its backlog.

 

ASML’s ability to supply tools is still below demand. “To the extent that at a certain point in time we would be in a position that we can no longer supply certain tools to certain customers in China, the demand outside of China is still such that we would get compensation for that in the current environment from other customers,” said CFO Roger Dassen.

 

The value of early shipments in 2022 leading to delayed revenue recognition into 2023 is expected to be around €2.2 billion