ASML

ASML Holding’s orders should be investors’ main focus when the Dutch semiconductor-equipment maker reports fourth-quarter results on Jan. 29, Citi analysts write in a research note. They estimate 4 billion euros in orders, roughly in line with consensus of 4.2 billion euros. The analysts say expectations remain subdued since the wider semiconductor industry is navigating a downturn due to sluggish demand for chips from some end-markets. They expect ASML to report a gross margin of 49.5%, in line with company guidance. ASML shares trade 0.4% lower at 709.80 euros.

ASML Holding is expected to report higher orders starting in the first quarter compared to recent months, thanks to large clients like Samsung Electronics and Taiwan Semiconductor Manufacturing Co., Jefferies analysts write in a research note. The analysts expect the Dutch semiconductor-equipment maker to post orders of 3.6 billion euros for the fourth quarter of 2024. However, they say these should climb to a range of 5 billion euros to 6 billion euros from the first quarter of 2025. The analysts cited an increase in orders from TSMC as well as the prospect that Samsung might soon be able to supply its high bandwidth memory chips to Nvidia as potential boosts for ASML. ASML shares trade 0.5% lower at 720.80 euros.

ASML Holding faces a few months without a positive share price catalyst as newsflow in the near term is unlikely to improve for the Dutch semiconductor-equipment maker, Stifel’s Juergen Wagner writes in a research note. ASML shed more than $60 billion in market value this week after the company warned the recovery for some areas of the industry could extend well into the next year.Wagner says near-term visibility is more limited at the moment, likely prompting a change in investor sentiment more toward shorter-term newsflow. ASML shares trade 0.6% lower at 630.00 euros.

ASML Holding’s cut to its expectations for next year on weak order intake means the company’s trajectory from 2025 into 2026 and beyond is now key for its shares, Citi analysts say in a research note. The Dutch company, which supplies semiconductor-manufacturing machinery to chip makers, expects between 30 billion and 35 billion euros in sales next year, below a previous forecast of up to 40 billion euros. The company had reiterated as recently as September that the low end of its 2025 sales guidance was conservative despite negative newsflow over the summer, including cuts to spending plans by key customer Intel, Citi says. “Estimates had been declining for 2025, including our own, but consensus at 36 billion euros is now high,” the analysts say.

ASML Holding is in a position to upgrade its financial targets for the end of the decade when the Dutch semiconductor-equipment maker holds an investor day on Nov. 14, Citi analysts write in a note to clients after hosting ASML CEO Christophe Fouquet at Citi’s Global TMT Conference. “Fouquet explained clearly that the primary driver of their long-term model is the addressable market, where there is clear upside for artificial intelligence relative to the model provided in 2022,” the analysts say. ASML is currently forecasting sales of approximately 44 billion to 60 billion euros in 2030, with a gross margin of roughly 56% to 60%.

The market focus on ASML Holding will likely shift away from the short term to 2026 and 2027 when the Dutch semiconductor-equipment maker hosts an investor day on Nov. 14, UBS analysts write in a note to clients. The analysts say ASML’s earnings on Oct. 16 should provide a near-term boost for the stock as they expect to see solid orders from Taiwan Semiconductor Manufacturing Co. and Samsung Electronics, but the market will likely focus more on the investor day the following month. ASML shares trade 3.6% higher at 696.60 euros.

ASML Holding (ASML) needs export licenses to send China software updates for microchip production equipment that are not under restriction, Reuters reported Tuesday, citing a statement from the foreign ministry. The move was meant to align Dutch policy with that of the US.

The market focus on ASML Holding will likely shift away from the short term to 2026 and 2027 when the Dutch semiconductor-equipment maker hosts an investor day on Nov. 14, UBS analysts write in a note to clients. The analysts say ASML’s earnings on Oct. 16 should provide a near-term boost for the stock as they expect to see solid orders from Taiwan Semiconductor Manufacturing Co. and Samsung Electronics, but the market will likely focus more on the investor day the following month. ASML shares trade 3.6% higher at 696.60 euros.

ASML reports EUR5.3 billion total net sales and EUR1.2 billion net income in Q1 2024 2024 outlook unchanged VELDHOVEN, the Netherlands, April 17, 2024 — Today, ASML Holding NV (ASML) has published its 2024 first-quarter results. — Q1 total net sales of EUR5.3 billion, gross margin of 51.0%, net income of EUR1.2 billion — Quarterly net bookings in Q1 of EUR3.6 billion2 of which EUR656 million is EUV — ASML expects Q2 2024 total net sales between EUR5.7 billion and EUR6.2 billion, and a gross margin between 50% and 51% — ASML expects 2024 total net sales to be similar to 2023 (Figures in millions of euros unless otherwise indicated) Q4 2023 Q1 2024 ————————————– ——- ——- Total net sales 7,237 5,290 …of which Installed Base Management sales(1) 1,555 1,324 New lithography systems sold (units) 113 66 Used lithography systems sold (units) 11 4 Net bookings(2) 9,186 3,611 Gross profit

ASML Holding (NASDAQ:ASML) reported quarterly earnings of $3.38 per share which missed the analyst consensus estimate of $3.43 by 1.55 percent. This is a 36.4 percent decrease over earnings of $5.31 per share from the same period last year. The company reported quarterly sales of $5.75 billion which missed the analyst consensus estimate of $6.13 billion by 6.28 percent. This is a 20.65 percent decrease over sales of $7.24 billion the same period last year.