Latest news with #ASMLHoldingNV
Mint
4 days ago
- Business
- Mint
European Stocks Eye March Closing High Before US-Russia Meeting
European stocks rose, approaching March's record closing high, as investors looked ahead to the Trump-Putin summit and key US economic data. The Stoxx Europe 600 Index gained for a fourth day as it advanced 0.2% by 10:35 a.m. in London. Mining and chemical sectors outperformed, while personal care and industrial stocks were the biggest laggards. Technology also underperformed as a weak report by America's Applied Materials Inc. weighed on chip equipment stocks including ASML Holding NV. Elsewhere, Danish jeweler Pandora A/S sank 13% after its revenue missed the average analyst estimate. Shares in NKT A/S climbed 6.8% after the electrical component maker upgraded its full-year guidance. Much of the focus Friday is on the meeting between Donald Trump and Vladimir Putin in Alaska, with investors looking for signs of progress in ending the war in Ukraine. American retail sales figures due earlier, meanwhile, will provide the latest clues on the health of the economy. Florian Ielpo, head of macro at Lombard Odier Investment Managers, said any progress in ceasefire negotiations in Ukraine would be 'a positive for the market' as investors aren't currently positioned for such an outcome. Europe's stock benchmark has gained this month as optimism around Federal Reserve rate cuts overshadowed concerns about an economic slowdown. The Stoxx 600 is on track for the highest level since March on a closing basis. Still, a Bloomberg survey of strategists showed they expect only small gains into the year end. The benchmark is expected to end 2025 at 556 points, according to the average of 17 strategists, relatively unchanged from current levels. Meanwhile, the UK's FTSE 100 Index hit an all-time record high before surrendering gains of as much as 0.5%. For more on equity markets: You want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance. To subscribe to a daily list of European analyst rating changes, click here. With assistance from Michael Msika and Henry Ren. This article was generated from an automated news agency feed without modifications to text.
Yomiuri Shimbun
31-07-2025
- Business
- Yomiuri Shimbun
Canon Opens Semiconductor Manufacturing Systems Factory North of Tokyo; Improving Processes with Nanoimprint Technology
Canon Inc. unveiled its new factory in Utsunomiya primarily for manufacturing lithography systems, which use light to expose minute circuit patterns onto semiconductor substrates, to the press on Wednesday. It is the first time for Canon to establish a new semiconductor manufacturing equipment factory in 21 years since 2004. The company is responding to the growing demand for manufacturing equipment due to the rapid expansion of the semiconductor market. The company has invested ¥50 billion in the new factory, which has a total floor area of 67,518 square meters. It will begin operations in September and aims to reach full capacity in 2027 or later. Combined with the output of the company's other two factories, production capacity will exceed 300 units per year. Fujio Mitarai, Canon chairman and CEO, said at the opening ceremony on Wednesday, 'The importance of semiconductors is increasing. It is our duty to strengthen our system for the stable supply of equipment.' Canon sold 223 semiconductor lithography systems in 2024. In terms of unit sales, it holds approximately 30% of the global market share, ranking second behind ASML Holding NV of the Netherlands. However, in the advanced semiconductor sector, ASML dominates the market with its extreme ultraviolet (EUV) lithography systems. Canon will produce not only conventional equipment but also 'nanoimprint' lithography systems for advanced semiconductors at the new factory. Nanoimprinting presses circuit patterns onto substrates like a stamp, simplifying the semiconductor manufacturing process compared to conventional lithography systems, offering advantages such as reductions in both production costs and power consumption. Canon plans to expand into the advanced semiconductor sector through mass production of nanoimprint lithography systems. Demand for semiconductors is growing due to widespread adoption of AI and other factors. According to the World Semiconductor Trade Statistics (WSTS), the global market is expected to grow 8.5% year-on-year to approximately $760 billion (approximately ¥116 trillion) in 2026. Some estimates predict the market will reach $1 trillion by 2030. Japan's semiconductor manufacturing equipment holds a strong competitive position in the global market. According to the Finance Ministry's trade statistics, exports in 2024 reached ¥4.496 trillion, setting a record high.
Yahoo
17-07-2025
- Business
- Yahoo
ASML Holding NV (ASML) Q2 2025 Earnings Call Highlights: Strong Sales and Margin Performance ...
Total Net Sales: EUR7.7 billion, at the upper end of guidance. Net System Sales: EUR5.6 billion, with EUR2.7 billion from EUV sales and EUR2.9 billion from non-EUV sales. Installed Base Management Sales: EUR2.1 billion, above guidance. Gross Margin: 53.7%, above guidance. R&D Expenses: EUR1.2 billion. SG&A Expenses: EUR299 million. Net Income: EUR2.3 billion, representing 29.8% of total net sales. Earnings Per Share: EUR5.90. Cash, Cash Equivalents, and Short-term Investments: EUR7.2 billion. Net System Bookings: EUR5.5 billion, with EUR2.3 billion from EUV and EUR3.2 billion from non-EUV. Backlog: Approximately EUR33 billion. Final Dividend Paid: EUR1.84 per ordinary share. First Quarterly Interim Dividend for 2025: EUR1.60 per ordinary share. Share Buyback: EUR1.4 billion in Q2 2025, totaling EUR5.8 billion for the 2022-2025 program. Full Year 2025 Revenue Growth Guidance: Around 15% increase with a gross margin of around 52%. Q3 2025 Revenue Guidance: EUR7.4 billion to EUR7.9 billion. Q3 2025 Gross Margin Guidance: 50% to 52%. Q3 2025 R&D Expenses Guidance: Around EUR1.2 billion. Q3 2025 SG&A Expenses Guidance: Around EUR310 million. Warning! GuruFocus has detected 6 Warning Sign with FHN. Release Date: July 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points ASML Holding NV (NASDAQ:ASML) reported total net sales of EUR7.7 billion for Q2 2025, reaching the upper end of their guidance. The company's gross margin for the quarter was above guidance at 53.7%, driven by increased upgrade business and lower-than-expected tariff impacts. Net income for Q2 was EUR2.3 billion, representing 29.8% of total net sales, with earnings per share of EUR5.90. ASML Holding NV (NASDAQ:ASML) expects a 30% increase in EUV capacity in 2025 compared to 2024, driven by higher productivity of the NXE:3800E systems. The company anticipates a 15% revenue increase for the full year 2025, with a gross margin of around 52%. Negative Points ASML Holding NV (NASDAQ:ASML) faces increasing uncertainties due to macroeconomic and geopolitical developments, impacting customer capital expenditure timing. The gross margin in the second half of 2025 is expected to be lower than the first half, primarily due to the margin dilutive effect of High NA systems. There is a EUR1.4 billion adjustment in the backlog related to customer responses to export restrictions, affecting Deep UV and application business. The company has not confirmed growth for 2026 due to ongoing uncertainties, despite preparing for potential growth. ASML Holding NV (NASDAQ:ASML) is experiencing a shift in demand dynamics, with China accounting for over 25% of total revenue, raising concerns about potential pull-forwards. Q & A Highlights Q: Why is the EUV revenue growth lower than expected, and how does it relate to the installed base business? A: Roger Dassen, CFO, explained that the expected EUV growth for the year is about 30%, down from an initial higher estimate. The difference is due to a shift in revenue from system sales to the upgrade business, as many tools shipped at lower configurations are being upgraded to full capacity, which is accounted for in the installed base business rather than system sales. Q: How does ASML price its tools, and is there a difference in value between multi-patterning Low NA and single High NA EUV? A: Christophe Fouquet, CEO, confirmed that ASML prices its tools based on the value provided to customers, including productivity and performance improvements. High NA EUV offers significant value by simplifying processes and enabling further node advancements, which can justify higher pricing compared to multi-patterning Low NA EUV. Q: What impact does the potential removal of export bans on AI chips to China have on ASML? A: Roger Dassen noted that while it may not directly result in a significant increase in tool sales, the removal of export bans is positive for the broader ecosystem, potentially strengthening global reach and benefiting ASML indirectly. Q: How does ASML view the current uncertainty around tariffs and its impact on 2026 growth projections? A: Christophe Fouquet and Roger Dassen highlighted that ongoing tariff discussions create uncertainty, affecting customer investment decisions. This uncertainty has led ASML to be more cautious about confirming growth for 2026, despite strong underlying demand driven by AI. Q: What are the key milestones for High NA EUV adoption, and how is the program progressing? A: Christophe Fouquet stated that the current focus is on qualifying the technology with the EXE:5000 system. The next phase involves ensuring tool maturity for high-volume manufacturing, with the EXE:5200 system being a critical step. The program is progressing well, with positive customer feedback on performance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Bloomberg
16-07-2025
- Business
- Bloomberg
S&P 500 Waffles as Chipmaker Losses Offset Upbeat Bank Results
The S&P 500 Index shuffled between small gains and losses on Wednesday, as a decline in chipmakers kept broader gains in check as traders parsed cooling producer prices and a string of profit updates from big banks. The equities benchmark slipped less than 0.1% as of 9:57 a.m. in New York, leaving it 0.6% from a fresh all-time high. The Nasdaq 100 Index fell 0.4%, a day after notching a new record as US-listed shares of ASML Holding NV dropped nearly 10% after the chip equipment maker struck a more cautious tone about growth outlook next year.
Business Insider
12-07-2025
- Business
- Business Insider
ASML Holding NV (0QB8) Receives a Hold from Mizuho Securities
Mizuho Securities analyst Kevin Wang maintained a Hold rating on ASML Holding NV yesterday and set a price target of €650.00. The company's shares closed yesterday at €681.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Wang is a 3-star analyst with an average return of 17.2% and a 62.50% success rate. In addition to Mizuho Securities, ASML Holding NV also received a Hold from Morgan Stanley's Lee Simpson in a report issued on July 9. However, on the same day, Deutsche Bank maintained a Buy rating on ASML Holding NV (LSE: 0QB8). Based on ASML Holding NV's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €7.74 billion and a net profit of €2.36 billion. In comparison, last year the company earned a revenue of €5.29 billion and had a net profit of €1.22 billion
