AMSTERDAM (Reuters) -Dutch semiconductor gear maker ASML on Wednesday reported a second-quarter web revenue of 1.9 billion euros ($2.1 billion) that beat analyst expectations, and elevated its full-year gross sales forecasts.
Analysts had seen web revenue at 1.82 billion euros on revenues of 6.74 billion euros, in accordance with Refinitiv information.
That compares with web revenue of 1.4 billion euros within the second quarter of 2022 on gross sales of 5.4 billion euros.
CEO Peter Wennink elevated the corporate’s full-year gross sales development forecast to 30%, up from a earlier forecast of 25%.
“Our prospects throughout completely different market segments are presently extra cautious because of continued macro-economic uncertainties, and due to this fact anticipate a later restoration of their markets,” Wennink stated in a press release.
“Nonetheless, our sturdy backlog of round 38 billion euros supplies us with an excellent foundation to navigate these short-term uncertainties.”
ASML dominates the marketplace for lithography methods, machines that value as much as $200 million apiece and use lasers, lenses and mirrors to assist create the minute circuitry of chips. It’s a provider to nearly each compacter chip maker.
Wennink stated {that a} downturn in some components of the pc chip market seem like bottoming., ASML’s order backlog stays bigger than the corporate can provide and it’s within the means of increasing manufacturing.
ASML stated laptop chip makers who take advantage of superior chips utilizing ASML’s most superior EUV methods are barely slowing the tempo at which they need gear delivered. That’s as a result of, whereas corporations are engaged in expansions all over the world, new fabs — fabrication vegetation — are usually not able to obtain EUV machines.
On prospects who use ASML’s second most superior DUV product line, used for barely older chips, are nonetheless demanding each device they will get.
($1 = 0.8913 euros)
(Reporting by Toby Sterling; Modifying by Kim Coghill and Tom Hogue)