Recap: ASML Holding Q2 Earnings

 

Shares of ASML Holding ASML rose 2.8% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 54.31% over the past year to $3.04, which beat the estimate of $2.93.

Revenue of $4,843,000,000 up by 32.21% year over year, which missed the estimate of $4,920,000,000.

Outlook

Q3 revenue expected between $6,264,000,000 and $6,505,000,000.

Recent Stock Performance

Company's 52-week high was at $723.01

52-week low: $343.25

Price action over last quarter: Up 8.72%

Company Description

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 require next-generation EUV lithography tools from ASML to continue past the 7-nanometer process node. ASML's products are used at every major semiconductor manufacturer, including Intel, Samsung, and TSMC.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!