Ready or Not, Here Comes EUV; ASML’s Next-Gen Tools Set to Take Flight in 2018; Raising FVE to $150
ASML reported fourth-quarter revenue that exceeded its guidance and our expectations by over EUR 400 million, thanks to strong sales to memory customers and accelerated recognition of EUV-related deferred revenue. While memory-related strength has become commonplace among capital equipment providers, we were surprised to see over half of the EUR 400 million windfall stem from two EUV lithography tools that reached the performance threshold for availability and throughput one quarter sooner than ...
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