July 15 - ASML, the Netherlands-based maker of equipment used to produce computer chips, reported second-quarter results that exceeded analysts' expectations as customers racing to meet artificial intelligence-related demand accelerate capacity additions.
For the quarter ended June 30, ASML recorded revenue of 9.33 billion euros and net income of 2.92 billion euros. Those figures topped LSEG median analyst estimates of 8.80 billion euros in revenue and 2.62 billion euros in net income.
Company outlook and commentary
Chief Executive Christophe Fouquet said in a statement that customers are continuing to speed up their plans to expand capacity, which in turn has provided ASML with greater visibility into longer-term demand. The company highlighted strong orders tied to the production of chips used in AI applications as a key driver behind the improved results.
Technology leadership and customer activity
ASML is the only company producing extreme ultraviolet (EUV) lithography machines, the tools required to manufacture the most advanced nodes of semiconductors. Major foundries and memory makers cited in the report - including TSMC, Samsung, SK Hynix and Micron - are reportedly expanding capacity to meet AI-driven demand.
In a separate announcement, Fouquet said Intel will deploy ASML's new High-NA tool to manufacture some of its most advanced "Panther Lake" chips, marking the first commercial use of that particular technology by the chipmaker.
Market reaction
The earnings release noted stock moves in related companies during reporting: Intel showed a positive change of 4.5%, ASML gained 0.97%, Micron rose 4.92%, TSMC was down 0.28%, SK Hynix moved up 9.04% and Samsung advanced 5.51%.
Summary
ASML's second-quarter results beat analyst expectations on both revenue and net income, supported by accelerated capacity expansion among customers focused on AI chips. The company reiterated its unique position as the sole supplier of EUV systems and flagged a milestone as Intel adopts its new High-NA tool for select advanced chips.
- Key sectors affected: semiconductor equipment, foundries, memory makers and chip designers supplying AI workloads.