ASML Q4 Earnings Preview: Bernstein Predicts Revenue Beat Amid Record China Imports
Bernstein maintains an Outperform rating on ASML with a $1,642 price target ahead of Wednesday's earnings, anticipating Q4 revenue of €9.7 billion versus consensus €9.5 billion. The semiconductor equipment Maker saw record Chinese imports of €3.27 billion as customers stockpiled deep ultraviolet technology for leading-edge expansion.
Bookings are projected to exceed €8 billion, fueled by increased spending plans from major chipmakers. TSMC plans to boost capital expenditures 37% to $56 billion by 2026, while Samsung will increase spending 24% to $40 billion. ASML shares have doubled since April and gained 25% this month as the sole producer of EUV lithography machines essential for advanced AI chips.