ASML has reported document web orders for its semiconductor manufacturing equipment as expertise teams worldwide attempt to get their palms on pc chips amid a world scarcity.
The Dutch lithography tools producer generated income of €1.41bn within the second quarter, in contrast with €1.1bn throughout the identical interval a 12 months earlier. Revenues have been €5.4bn, up from €4bn in 2021.
Analysts polled by Reuters had predicted income of €1.44bn, whereas revenues beat forecasts of just below €5.3bn.
ASML dominates the worldwide marketplace for lithography machines used to make superior semiconductors. The group has benefited from hovering demand for pc chips for the reason that begin of the Covid-19 pandemic and has been contemplating learn how to enhance provide to satisfy the wants of chipmakers’ multibillion-dollar enlargement plans.
Flagging demand for electronics has dented the income in latest weeks at some chipmakers, together with Samsung Electronics. ASML nevertheless mentioned demand for its equipment has not been affected. Net bookings got here in at €8.5bn for the quarter, a document for the corporate.
“We still see strong demand for our systems, driven by global megatrends in automotive, high-performance computing and green energy transition,” mentioned chief govt Peter Wennink.
He added that “increasing supply chain constraints” had precipitated delay to some orders whereas the group mentioned hovering international inflation had affected earnings.
The firm lowered its income progress forecast for the total 12 months to 10 per cent, which it blamed on delayed recognition of some gross sales. It earned €3.54 a share.
ASML shares have been down 1.7 per cent in morning buying and selling.
Source: www.ft.com