ASML raises financial forecasts and forecasts sales of $ 28 billion to $ 35 billion by 2025


AMSTERDAM, Sept. 29 (Reuters) – ASML Holding NV (ASML.AS), a leading supplier to computer chip makers, on Wednesday raised its financial guidance and reported revenue growth of around 11 % per year until 2030 in a context of strong demand for its products.

In a pre-market statement, the company estimated that revenues will reach 24-30 billion euros (28-35 billion dollars) in 2025 with gross margins of up to 55%. This compares to the previous forecast of a range of 15 to 24 billion euros in the same year, with gross margins of at least 50%.

“Global megatrends in the electronics industry, supported by a highly profitable and extremely innovative ecosystem, are expected to continue to fuel growth in the semiconductor market,” ASML said in a statement.

Senior executives at the company are scheduled to appear at an investor event on Wednesday where they could detail their plans to increase production, as semiconductor makers scramble to deal with the global chip shortage and expand to meet future demand. ASML is operating at full capacity to supply major chip makers such as TSMC (2330.TW), Samsung (005930.KS) and Intel (INTC.O).

“ASML and its supply chain partners are actively adding and improving capacity to meet this future customer demand,” he said.

ASML makes lithography systems, large machines that use beams of energy to map the tiny circuits of computer chips. Its most cutting-edge tools cost 160 million euros each and are found at the heart of semiconductor manufacturing plants.

In the second quarter of July results, ASML predicted a 35% increase in sales to nearly 19 billion euros in 2021, with gross margins above 50%, exceeding the lower end of its range of 2025 goals. Read more

The company’s stock reflects its strong outlook with a market capitalization of around € 272 billion, making it the largest tech company in Europe.

Even after a 7% drop in its share price amid Tuesday’s massive selling, ASML shares are up 67% year-to-date and over 110% last year, sharply outperforming the sector.

($ 1 = € 0.8537)

Reporting by Toby Sterling; Editing by Muralikumar Anantharaman and Gerry Doyle

Our Standards: Thomson Reuters Trust Principles.


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