ASML has reported a record number of orders for its fourth quarter, and bumped up its guidance for the upcoming year.
The Dutch semiconductor company saw bookings in the fourth quarter come in ahead of estimates, to the tune of €13.2 billion (A$22.35 billion) compared to €7.1 billion the same time a year ago, driven by an ongoing increase in demand from AI chipmaker businesses.
Earnings per share for the quarter landed at €7.35, below estimates of €7.58.
Revenue landed at €9.72 billion, ahead of analysts' estimates of €9.57, with expectations of €8.50 for the next quarter.
Despite overall positive results, ASML also announced job cuts, 3.8% of staff or around 1700 jobs, as part of a broader plan to cut back management roles and focus on engineering.
At the time of writing, ASML (AMS: ASML) was trading down 0.20% to 1,192.0.
