One way to track the speed of the AI boom is to follow the hardware supply chain. Nvidia is the classic example: As AI companies build out data centers, they’re buying up billions of dollars of GPUs each month, turning Nvidia into the most valuable company on earth. But Nvidia has suppliers too, and looking at them can give us an even longer-term view of the market. That’s why we care about ASML, a Dutch photolithography company that has become a key linchpin for the semiconductor industry. ASML is the ...

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]