ASML Inventory: Chip Gear Maker Beats Q1 Targets

Semiconductor tools maker ASML (ASML) on Wednesday beat Wall Road’s targets for the primary quarter however famous some warning amongst clients. ASML inventory fell in early buying and selling.


The Dutch firm earned the equal of $5.31 a share on gross sales of $7.24 billion within the March quarter. Analysts polled by FactSet had anticipated ASML earnings of $4.58 a share on gross sales of $6.91 billion. Within the year-earlier interval, ASML earned $1.88 a share on gross sales of $3.84 billion, FactSet stated. ASML experiences monetary ends in euros.

For the present quarter, ASML forecast gross sales of $7.38 billion, based mostly on the midpoint of its steering. Analysts have been on the lookout for $7.03 billion in gross sales for the second quarter.

Additionally, ASML reiterated its full-year outlook for gross sales development over 25%. Final yr, its gross sales elevated 14%.

ASML Inventory Drops After Report

In premarket buying and selling on the inventory market at this time, U.S. shares of ASML inventory sank 2.5% to 627.19.

“We proceed to see combined alerts on demand from the completely different end-market segments because the business works to convey stock to extra wholesome ranges,” Chief Government Peter Wennink stated in a information launch.

He added, “Some main clients are making additional changes to demand timing whereas we additionally see different clients absorbing this demand change, notably in DUV (deep ultraviolet) at extra mature nodes.”

The Netherlands-based firm makes superior lithography tools for etching tiny circuits onto semiconductors.

ASML inventory ranks third out of 29 shares in IBD’s semiconductor tools business group, in accordance with IBD Inventory Checkup. It has an IBD Composite Score of 98 out of 99.

Additional, ASML inventory is on the IBD Tech Leaders record.

Comply with Patrick Seitz on Twitter at @IBD_PSeitz for extra tales on client know-how, software program and semiconductor shares.


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