Chip giant ASML smashes expectations on second-quarter net bookings

ASML reported second-quarter net that bushed estimates with the its cardinal nett bookings fig up of consensus.

Here's however ASML did versus LSEG statement estimates for the 2nd quarter:

• Net sales: 7.7 cardinal euros ($8.95 billion) versus 7.52 cardinal euros expected
• Net profit: 2.29 cardinal euros vs 2.04 cardinal euros expected

In its ain erstwhile forecast issued successful April, ASML had said it expected second-quarter nett income of betwixt 7.2 cardinal euros and 7.7 cardinal euros.

Analysts anticipated nett bookings — a cardinal indicator of bid request — would travel successful astatine 4.19 cardinal euros implicit the April-June stretch. ASML reported nett bookings of 5.5 cardinal euros.

ASML is 1 of the astir important semiconductor proviso concatenation companies successful the world. It makes utmost ultraviolet lithography (EUV) machines, which are required to manufacture the astir precocious chips successful the world, specified arsenic those designed by Apple and Nvidia.

Companies similar Intel and Taiwan Semiconductor Manufacturing Co. are customers of ASML.

The Veldhoven, Netherlands-headquartered institution has released its adjacent procreation EUV tools known arsenic High NA, which stands for precocious numerical aperture. These machines, which are larger than a double-decker autobus and can cost much than $400 cardinal each, are cardinal to ASML's aboriginal maturation plans.

Like galore companies successful the semiconductor industry, ASML has been grappling with uncertainty created by U.S. tariff policy.

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