ASML Holding Expects Long-Term Demand, Growth as It Kicks off EUR12 Billion Buyback

By Joe Hoppe

ASML Holding NV said Thursday that it sees longer-term wafer demand and capacity showing healthy growth despite macroeconomic-driven near-term uncertainties, and announced a new 12.0 billion euro ($12.02 billion) share buyback.

Speaking ahead of its investor day meeting on Friday, the Dutch semiconductor-equipment maker said expanding application space and industry innovation are expected to keep fueling growth across semiconductor markets, and it plans to adjust its capacity to meet future demand.

The company said it expects a substantial growth opportunity to achieve annual revenue of between around EUR30 billion and EUR40 billion in 2025, with a gross margin of between 54% and 56%. It further expects annual revenue to be between around EUR44 billion and EUR60 billion in 2030.

ASML said it expects to continue to return significant cash to shareholders through a combination of growing dividends and share buybacks, and announced a new buyback program, effective from Friday and to be carried out by the end of 2025.

It said it intends to repurchase up to EUR12 billion of shares. Repurchased shares will either be used to cover employee share plans, or cancelled.

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(END) Dow Jones Newswires

November 10, 2022 12:00 ET (17:00 GMT)

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