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ASML Orders Beat Expectations Amid AI Investment Boom

Bookings and Revenue - Q2 bookings are approximately €55 billion, exceeding expectations [1] - Q1 bookings were €39 billion [1] - Q2 bookings are expected to be similar to revenue, resulting in a book-to-bill ratio around 10% [1] - Q3 revenue consensus aims for around €8 billion, while the company guides for approximately €765 billion, slightly below consensus [2] - The company anticipates achieving growth in 2025 [2] Growth Outlook - The most important point is the growth outlook for 2026 or 2027 [3] - The company shipped the most advanced high-end EUV equipment fast in Q2 [3] - Maintaining growth momentum for high-end EUV tools is crucial for ASML's growth scenario [4] China Market - China revenue estimates and export restrictions are key factors to watch [4] - Monitoring Q2 numbers for China revenue is important [4] - Assessing the continued solid demand from China is a vital aspect [4]