ASML forecasts growth this year, but chipmakers expect pain
Dutch producer of chipmaking equipment ASML beat financial analysts' estimates for Q4 of 2022, and expects continued momentum for the year ahead, despite the likelihood of further export restrictions increasing.it booked net sales of €6.43 billion , up from €4.98 billion a year earlier, and net profit of €1.82 billion versus €1.77 billion.
The latter is likely due to fast shipments, where ASML has skipped some of the factory tests of its photolithography machines in order to get the equipment delivered as soon as possible, but the company has had to defer recording the revenue from that sale until the machine is fully inspected and formally accepted at the customer site.
He also said ASML expected to see continued strong growth during 2023, with a net sales increase of more than 25 percent projected.
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