ASML: UBS still says buy after Q4 sales

(CercleFinance.com) - UBS confirms its buy rating on the stock with a target price of 660 euros after the company announced its Q4 sales.


Q4 revenue came in at $6.4 billion, with net income of 1.8 billion dollars, bringing FY totals to 21.2 billion dollars for revenue and 5.6 billion dollars for net income.

Q4 EBIT was 6% above consensus, while Q1 EBIT guidance was 6% below consensus. Based on the new full-year guidance, analysts expect a just a minor change in EBIT compared to consensus.

For Q1 2023, the Veldhoven-based group says it expects sales of 6.1 to 6.5 billion euros. FY sales are expected to increase by over 25%, while analysts were expecting growth of around 21%, with a gross margin expected to improve.


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