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《大行報告》中金:ASML指內地訂單佔手頭訂單兩成 反映內地廠商擴張意願強
阿思達克 04-20 14:36
中金發表報告指,光刻機巨企ASML(ASML.US)首季整體營收超出此前指引,管理層認為主要由於EUV、DUV確認收入超出預期。 中金指,觀察到目前半導體周期下,儲存廠商資本開支削減顯著,符合此前儲存大廠說明會指引;邏輯廠商先進製程資本開支仍維持高位,EUV、中高端DUV出貨量持續增長;製造業回流政策下,美國積極購入光刻機,同時中國大陸光刻機採購保持穩健狀態。 報告指,ASML首季單季度新增訂單38億歐元,按季下滑顯著,低於此前預期,管理層認為主要由於受制於當前半導體周期下行拖累。同時,管理層在公開交流中提及中國大陸訂單仍佔據到公司在手訂單 20%,該行認為這反映出內地晶圓廠商擴張意願依然較強。 展望次季和全年,公司管理層依然給出良好業績指引,中金認為主要因公司在手訂單充沛保障。公司預計次季單季度整體營收65至70億歐元,毛利率50至51%;維持全年出貨60台EUV,375台DUV指引;預計全年營收按年增長25%,毛利率按年有小幅提升。
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