ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023.ASML reported second-quarter earnings and sales that beat forecasts as it continues to see a recovery in demand for its machines that are required to make the world's most advanced chips. Here's how ASML did versus LSEG consensus estimates:Net sales: 6.24 billion euros ($6.8 billion) versus 6.03 billion euros expectedNet profit: 1.58 billion euros versus 1.43 billion euros expectedASML previously forecast second-quarter net sales ...

ASML reports €6.2 billion total net sales and €1.6 billion net income in Q2 2024ASML continues to expect 2024 total net sales to be similar to 2023, supported by a strong second half year VELDHOVEN, the Netherlands, July 17, 2024 – Today, ASML Holding NV (ASML) has published its 2024 second-quarter results. Q2 total net sales of €6.2 billion, gross margin of 51.5%, net income of €1.6 billionQuarterly net bookings in Q2 of €5.6 billion2 of which €2.5 billion is EUVASML expects Q3 2024 total net sales betwe ...

ASML reports €6.2 billion total net sales and €1.6 billion net income in Q2 2024ASML continues to expect 2024 total net sales to be similar to 2023, supported by a strong second half year VELDHOVEN, the Netherlands, July 17, 2024 – Today, ASML Holding NV (ASML) has published its 2024 second-quarter results. Q2 total net sales of €6.2 billion, gross margin of 51.5%, net income of €1.6 billionQuarterly net bookings in Q2 of €5.6 billion2 of which €2.5 billion is EUVASML expects Q3 2024 total net sales betwe ...

ASML reports €6.2 billion total net sales and €1.6 billion net income in Q2 2024 ASML continues to expect 2024 total net sales to be similar to 2023, supported by a strong second half year ASML 2024 Second-Quarter results Veldhoven, the Netherlands July 17, 2024 Public Agenda • Investor key messages • Business summary • Outlook • Financial statements Public July 17, 2024 Page 2 Investor key messages Public July 17, 2024 Page 3 Investor key messages • Global megatrends in the electronics industry, supported ...

For Immediate ReleasesChicago, IL – July 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: ASML (ASML) , SAP (SAP) , Nvidia (NVDA) , Vertex Pharma (VRTX) and EssilorLuxxottica (ESLOY) .Here are highlights from Tuesday’s Analyst Blog:A Big Week in the USA: Global Week AheadWhat’s going on in this Global Week Ahe ...

The tech sector continues to be a driving force in the market, but with so many options, it can be tough to know where to invest. Here's where the Zacks Rank can be a valuable tool.We've identified three tech stocks – Amazon ((AMZN), Spotify ((SPOT), and ASML Holdings ((ASML) – that not only boast innovative products and services but also hold coveted Zacks Rank #1 (Strong Buy) ratings. Let's dive into why these tech giants should be on your watchlist, or even better, in your portfolio right now. Stocks Ami ...

Core Viewpoint - ASML Holding N.V. is expected to report second-quarter 2024 results on July 17, reflecting its portfolio strength and growing investments, despite facing market uncertainties and inflationary pressures [1] Financial Expectations - ASML anticipates revenues between €5.7 billion and €6.2 billion for Q2 2024, while the Zacks Consensus Estimate is $6.35 billion, indicating a 15.6% decline from the previous year [1] - The Zacks Consensus Estimate for Q2 earnings is $3.87 per share, reflecting a 27.9% decrease from the year-ago quarter [1][2] Earnings Surprise History - ASML has a strong earnings surprise history, having outperformed the Zacks Consensus Estimate in the last four quarters with an average beat of 10.21% [2][3] Industry Context - The semiconductor industry is rebounding due to growing demand and optimism surrounding artificial intelligence (AI), positively impacting wafer fab equipment and ASML's products [5] - The adoption of advanced nodes for digital infrastructure, including 5G and AI, is expected to drive demand for ASML's offerings [5] Product and Service Performance - ASML's investments in Extreme Ultraviolet (EUV) infrastructure are likely to enhance its performance, with strong contributions from its service business [6] - The Installed Base business is benefiting from the uptake of low numerical aperture (NA) machines, particularly the NXE:3800, which offers high productivity [6] Market Challenges - Market uncertainties, including U.S.-China tensions and high inventory levels, are anticipated to negatively impact ASML's quarterly results [7] - Weak momentum among logic customers is expected to be a concern as they adjust to previous capacity additions [7] Stock Performance and Valuation - ASML's shares have increased by 43.3% year-to-date, slightly underperforming the industry average of 44% [8] - The company is trading at a forward 12-month P/E of 41.64X, above the industry average of 34.14X, indicating a stretched valuation [9] Investment Outlook - ASML is well-positioned to benefit from global megatrends in the electronics industry, with management expecting a better second half of 2024 and a cyclical upturn in 2025 [10] - However, near-term prospects are clouded by end-market volatility and U.S.-China tensions, leading to expectations of lower logic revenues compared to the previous year [10]

It was inevitable that tech stocks with massive potential and reach would be the titans of the digital age. Six out of seven trillion-dollar companies are in tech, as are some of the closest stocks to that trillion-dollar mark. Their growth, potential applications, capacity to lift entire markets, and massive global footprint make them some of the best investments in the market. Whether you’re shooting for massive growth or bulking up your retirement funds, you need these tech stocks in your portfolio. That ...

These days, you don’t need much extra motivation to consider the bullish case of surging semiconductor stocks. Yes, the spotlight is on the individual innovations, such as artificial intelligence or automated mobility. But these and other advancements must be fueled by something – that something is the underlying semiconductor architecture.In the immediate sense, the tech-centric Nasdaq Composite index took a heavy blow on Thursday. Yes, the benchmark S&P 500 incurred an almost 1% dip. However, the Nasdaq s ...

Group 1: AI Investment Trends - The AI revolution is driving a multi-year investment cycle across enterprises and consumer internet applications, positively impacting AI wealth-building stocks [1] - In Q1 of fiscal year 2024, major cloud service providers like Amazon and Microsoft increased their capital expenditure plans, highlighting the significant investment required for AI applications [1] - Bank of America projects that capital expenditure for Alphabet, Meta Platforms, and Amazon will rise by $37 billion in 2024, reaching a total of $145 billion [1] Group 2: Capital Expenditure Projections - Big tech companies are expected to spend approximately $500 billion over the next three years on chips, particularly GPUs and ASICs, which will enhance profits for AI wealth-building stocks [2] - The high-end ASIC market is forecasted to grow to between $20 and $30 billion, with a compounded annual growth rate of 20% driven by generative AI demand [3] Group 3: Company-Specific Insights - Marvell Technology holds a 13-15% share in the custom ASIC market and is collaborating with major tech firms like Google and Amazon on custom silicon [3] - JPMorgan analysts predict Marvell Technology could generate $1.6 to $1.8 billion in revenues from networking and custom ASICs this year, with AI revenues expected to double next year [4] - Micron Technology reported Q3 revenues of $6.81 billion, exceeding estimates, with a 50% quarter-over-quarter growth in the data center segment driven by AI demand [5][6] - ASML Holding is benefiting from increased orders due to rising memory demand and government incentives for semiconductor manufacturing, positioning it as a top buy [7][8][9]