ASML Holdings Q4 forecast sends chip equipment makers higher
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ASML Holdings (NASDAQ:ASML) reported third-quarter results on Wednesday that were better-than-feared and issued strong fourth-quarter guidance, buoying the stocks of other chip equipment makers.
Netherlands-based ASML (ASML) said it expects fourth-quarter sales to be between â¬6.1B and â¬6.6B, compared to â¬4.98B in the year-ago quarter. Gross margin is expected to be around 49%.

For the full-year, ASML (ASML) said it expects sales to be around â¬21.1B and the value of any shipments in 2022 that would result in delayed revenue recognition into 2023 would be around â¬2.2B.
ASML (ASML) shares rose nearly 5.5% to $420.76 in premarket trading, as investors breathed a sigh of relief that the impact from the Biden Administration's export controls on China was not worse.
Other chip equipment makers rose in sympathy on back of the results, with Lam Research (NASDAQ:LRCX), Applied Materials (NASDAQ:AMAT) and KLA Corp. (NASDAQ:KLAC) all gaining at least 1.3%.
Earlier this month, Bank of America said that Lam Research (LRCX) would be one of the companies most impacted by the new export controls.