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Shares of ASML Holding (NASDAQ:ASML) fell 1.8% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share increased 55.12% over the past year to $1.97, which beat the estimate of $1.45.
Revenue of $3,663,000,000 up by 27.36% year over year, which missed the estimate of $3,880,000,000.
Guidance
Q3 revenue expected between $4,104,000,000 and $4,332,000,000.
Technicals
Company's 52-week high was at $402.87
Company's 52-week low was at $191.25
Price action over last quarter: Up 33.21%
Company Overview
Founded in 1984 and based in the Netherlands, ASML is a leading manufacturer of photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photomask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a meaningful portion of the cost of making cutting-edge chips. Chipmakers will require next-generation EUV lithography tools that have been in development by ASML to continue past the 10-nanometer process node. ASML's products are used at every major semiconductor manufacturer, including Intel, Samsung, and TSMC.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.