Chip giant ASML smashes expectations on second-quarter net bookings
Here's how ASML did versus LSEG consensus estimates for the second quarter:
In its own previous forecast issued in April, ASML had said it expected second-quarter net sales of between 7.2 billion euros and 7.7 billion euros.
Analysts anticipated net bookings — a key indicator of order demand — would come in at 4.19 billion euros over the April-June stretch. ASML reported net bookings of 5.5 billion euros.
ASML is one of the most important semiconductor supply chain companies in the world. It makes extreme ultraviolet lithography (EUV) machines, which are required to manufacture the most advanced chips in the world, such as those designed by Apple and Nvidia.
Companies like Intel and Taiwan Semiconductor Manufacturing Co. are customers of ASML.
The Veldhoven, Netherlands-headquartered company has released its next generation EUV tools known as High NA, which stands for high numerical aperture. These machines, which are larger than a double-decker bus and can cost more than $400 million each, are key to ASML's future growth plans.
Like many companies in the semiconductor industry, ASML has been grappling with uncertainty created by U.S. tariff policy.
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