ASML's order book expected to jump on AI chip boom
AMSTERDAM -ASML, the top equipment supplier to computer chip makers, is expected to report an influx of new orders when its new boss delivers second-quarter results on Wednesday, as customers expand capacity to meet booming demand for AI chips.
"We expect ASML's order received value to reach close to 5 billion euros in the second quarter, higher than consensus estimates", Mihuzo analyst Kevin Wang said, with strong orders from TSMC of ASML's EUV product line. Shares in the group have risen 45% this year and are trading near record highs above 1,000 euros each, about 40 times forecast 12-month forward earnings, significantly higher than the STOXX Europe 600 tech index.
That compares with net income of 1.94 billion euros on revenue of 6.90 billion euros in the same period a year ago.ASML had a 38 billion euro order backlog at the end of the first quarter. That means it needs new orders of 4 billion-6 billion euros each quarter to meet its forecast of 2025 sales at the upper end of a 30 billion-40 billion euro range.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here are Friday's biggest analyst calls: Nvidia, Apple, Nike, First Solar, Deere, Alphabet, Amazon, ASML & moreHere are Friday's biggest calls on Wall Street.
Read more »
Legal experts say gag order in Trump case is 'untethered' to 'rationale' after court orderLegal experts say the gag order against former President Trump is 'untethered' to 'rationale' after his unprecedented criminal trial in New York.
Read more »
Star Wars' New Order 66 Survivor Tried to Rebuild the Jedi Order (Way Before Luke)The Empire's most wanted Jedi survivors...
Read more »
Law & Order Reveals Premiere Date for SVUNBC Universal reveals the premiere dates for fall slate, including Law & Order and Law & Order: SVU
Read more »
Billy Ray Cyrus Files for Temporary Restraining Order Against Firerose Amid SplitBilly Ray Cyrus reportedly claims that estranged wife Firerose has been making 'fraudulent, unauthorized charges' with his credit card.
Read more »
Billy Ray Cyrus Seeking Temporary Restraining Order Against FireroseBilly Ray Cyrus is asking for a temporary restraining order to be granted against his estranged wife, Firerose, one week after news of their split broke
Read more »