ASML - ASML's Supply Chain Excuses Over The Past 3+ Years May Actually Prevent A Revenue Meltdown In 2024
2024-04-18 11:39:14 ET
Summary
- ASML has faced supply chain problems, resulting in shipment delays and uneven revenues and earnings.
- The company reported poor Q1 2024 results, with net bookings down 60.7% compared to the previous quarter.
- But ASML's large backlog of DUV systems is expected to make up for low Q1 revenues and help the company meet its 2024 revenue goals.
Background on Supply Chain Problems for ASML
I have written extensively about ASML ( ASML ) and its supply chain issues beginning in my October 24, 2021 Seeking Alpha article entitled “ ASML: Too Inconsistent, Too Overbought To Recommend .” I noted:
ASML's Supply Chain Excuses Over The Past 3+ Years May Actually Prevent A Revenue Meltdown In 2024
ASML blamed supply chain issues for shipment delays. How is it that a monopolistic company selling just 20+ systems a month experience supply shortages?
Poor supply chain management/executive management may be the problem. Yes there are shortages, but for 20 units per month! And this poor supply chain management is a factor in uneven revenues and earnings and significant misses in guidance.