ASML's Q2 Results Exceeded Expectations Across the Board; AI Chip Demand Was the Main Driver
Svmuu News: ASML (ASML.O), the world’s largest supplier of computer chip manufacturing equipment, reported second-quarter revenue and profits that exceeded market expectations on Wednesday, as demand from artificial intelligence chip manufacturers offset uncertainty surrounding sales to China. According to LSEG’s median estimate, ASML’s revenue for the three months ended June 30 was 9.33 billion euros (approximately $10.9 billion), exceeding analysts’ expectations of 8.80 billion euros. Net income was 2.92 billion euros, also exceeding market expectations of 2.62 billion euros. (Jin Shi)
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