ASML's full-year revenue growth forecast adjusted from 20% to 10%

According to relevant media reports, Dutch semiconductor equipment manufacturer ASML released its financial report on Wednesday (20th), with a sharp increase in second-quarter net profit due to record new orders, but ASML adjusted its annual revenue growth forecast from 20% to 10%.

ASML said net profit was 1.41 billion euros ($1.44 billion) last quarter, up from 1.04 billion euros a year earlier. Revenue was 5.43 billion euros, also well above the 4 billion euros a year ago. ASML forecast third-quarter net sales of between 5.1 billion and 5.4 billion euros, missing analysts' estimates of 6.48 billion euros.

Profits were also affected by rising costs, ASML said, and some systems had not been shipped to customers before they were fully tested in the Netherlands.

In order to speed up the delivery, ASML began to skip the final test in its own factory last year, so that customers can obtain the machine faster, but ASML still needs to wait for the official approval of the customer before it can recognize the revenue.

ASML said revenue from fast-delivery equipment, which was extended to next year, is expected to rise from 1 billion euros to 2.8 billion euros. ASML also mentioned that due to the fast shipping plan, this year's revenue growth forecast will be lowered to about 10%, which is not as good as the original estimate of 20%.