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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.
- ASML Holding NV (NASDAQ:ASML) reported second-quarter FY21 net sales growth of 20% year-on-year to €4.0 billion within the company's guidance and missing the analyst consensus by €120 million.
- The net bookings were €8.3 billion, including €4.9 billion from EUV systems, bringing the total backlog to €17.5 billion.
- The gross margin was 50.9% exceeded the company's guidance mainly due to higher revenue in software upgrades as customers want to increase capacity quickly and one-off revenue accounting releases.
- It reported a net income of €1.04 billion.
- The EPS of €2.52 beat the analyst consensus by €0.03.
- It held €5.19 billion in cash and equivalents.
- The demand continues to be high across all market segments, CEO Peter Wennink said. The product portfolio reflects the market's focus on increasing capacity to support the build-up of the digital infrastructure. The long-term demand caters to advanced nodes, legacy, and mature nodes in Logic and Memory.
- Outlook: ASML sees Q3 2021 net sales between €5.2 billion - €5.4 billion and a gross margin between 51% - 52%.
- It announced a new share buyback program of up to €9 billion through Dec. 31, 2023.
- It sees a net sales growth of around 35% in 2021 Y/Y, with a gross margin between 51% - 52%.
- Price action: ASML shares traded higher by 3.50% at $707.97 in the premarket session on the last check Wednesday.
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.
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