ASML Holding (ASML) shares are surging 7% in premarket trading Wednesday after the Dutch semiconductor-gear manufacturer reported better-than-expected fourth-quarter results.
ASML said that its net bookings, which include all system sales orders, reached 7.09 billion euros ($7.38 billion)—well above analysts' consensus estimate of 3.99 billion euros compiled by Visible Alpha. Net sales of EUR9.26 billion and net income of EUR2.69 billion also topped projections.
The company expects first-quarter net sales between EUR7.5 billion and EUR8.0 billion, above Visible Alpha consensus, and affirmed its 2025 net sales outlook of EUR30 billion to EUR 35 billion.
ASML CEO Christophe Fouquet said artificial intelligence (AI) will continue to be the "key driver for growth" in its industry.
ASML joined other AI stocks in sinking Monday after Chinese startup DeepSeek's low-cost cutting-edge AI model spooked markets. ASML's extreme ultraviolet (EUV) lithography machines are needed to make the most advanced AI chips.
ASML shares fell another 1% yesterday and are down more than 20% over the past 12 months entering Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.