ASML was down 5% in early trading in Amsterdam, despite the publication by the equipment supplier to the chip industry of EPS of 4.01 euros for its second quarter 2024, compared with 3.11 euros for the first three months of the year.

Still on a sequential basis, the Dutch group saw its gross margin improve by 0.5 points to 51.5%, thus exceeding its forecasts, on revenues up 18% to 6.24 billion euros, the upper limit of its target range.

While there are still uncertainties in the market, mainly due to the macroeconomic environment, we expect the sectoral recovery to continue in the second half of the year", says the CEO.

Claiming net orders of 5.6 billion euros (including 2.5 billion in EUV) for the past quarter, ASML expects a gross margin of between 50 and 51%, as well as revenues of between 6.7 and 7.3 billion for the third quarter.

Copyright (c) 2024 CercleFinance.com. All rights reserved.