ASML does better than analysts expect

Stefan Mileschin · 21st October 2021, 08:34

Huge profits strong demand

ASML, which makes most of the world’s chip making equipment, has reported better profits than the cocaine nose jobs of Wall Street predicted.

The company posted a quarterly net income of 1.74 billion euro amid strong demand for its products and a global semiconductor shortage.

Analysts had forecast a net income of 1.6 billion euro for the third quarter ended 30 September.

Revenue came in at 5.24 billion euro. In the third quarter of 2020, ASML had reported a net income of 1.1 billion euro on revenue of 3.96 billion euro.

Chief Executive Officer Petter Wennink said that demand continues to be high and he previously expected his company to be flat out for the next decade.

Digital transformation and chip shortages fuel the need to increase capacity to meet the current and expected future demand for both logic and memory chips, Wennink said.

ASML dominates the market for lithography systems, machines that cost up to 150 millio euros each and that use focused beams of light to help create the circuitry of semiconductors.

https://fudzilla.com/news/53729-asml...nalysts-expect

21st October 2021, 08:34	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	ASML does better than analysts expect Huge profits strong demand ASML, which makes most of the world’s chip making equipment, has reported better profits than the cocaine nose jobs of Wall Street predicted. The company posted a quarterly net income of 1.74 billion euro amid strong demand for its products and a global semiconductor shortage. Analysts had forecast a net income of 1.6 billion euro for the third quarter ended 30 September. Revenue came in at 5.24 billion euro. In the third quarter of 2020, ASML had reported a net income of 1.1 billion euro on revenue of 3.96 billion euro. Chief Executive Officer Petter Wennink said that demand continues to be high and he previously expected his company to be flat out for the next decade. Digital transformation and chip shortages fuel the need to increase capacity to meet the current and expected future demand for both logic and memory chips, Wennink said. ASML dominates the market for lithography systems, machines that cost up to 150 millio euros each and that use focused beams of light to help create the circuitry of semiconductors. https://fudzilla.com/news/53729-asml...nalysts-expect

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
ASML sells chipmaking gear to China	Stefan Mileschin	WebNews	0	4th March 2021 15:39
ASML does better than expected	Stefan Mileschin	WebNews	0	16th October 2020 09:48
China warns Dutch that ASML ban will cause serious problems	Stefan Mileschin	WebNews	0	17th January 2020 11:19
ASML to Ship 30 EUV Scanners in 2019	Stefan Mileschin	WebNews	0	29th January 2019 08:06
Analysts expect AMD to go EPYC	Stefan Mileschin	WebNews	0	17th December 2017 10:12
Analysts expect IPhoneX to be disappointing	Stefan Mileschin	WebNews	0	28th October 2017 09:40
ASML buys Cymer to advance EUV lithography	Stefan Mileschin	WebNews	0	18th October 2012 08:53
ASML profits down as chip sales slow	Stefan Mileschin	WebNews	0	19th July 2012 08:33
Intel's ASML splurge hits Samsung	Stefan Mileschin	WebNews	0	11th July 2012 07:26
AMD: Analysts expect losses to continue	jmke	WebNews	0	20th April 2009 23:02