ASML Cuts Forecast After Racing to Deliver Chip-Making Gear

ASML Holding NV cut its revenue growth guidance in half for this year because fast-track shipping of its chip-making machines led to delayed sales recognition.

Sales growth this year will come in at 10%, ASML said, adding that the value of machines on a fast shipping schedule will more than double to 2.8 billion euros next year as it races to get equipment to customers amid a chip shortage.