Shares of ASML Holding ASML fell 1.8% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 55.12% over the past year to $1.97, which beat the estimate of $1.45.
Revenue of $3,663,000,000 up by 27.36% year over year, which missed the estimate of $3,880,000,000.
Guidance
Q3 revenue expected between $4,104,000,000 and $4,332,000,000.
Technicals
Company's 52-week high was at $402.87
Company's 52-week low was at $191.25
Price action over last quarter: Up 33.21%
Company Overview
Founded in 1984 and based in the Netherlands, ASML is a leading manufacturer of photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photomask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a meaningful portion of the cost of making cutting-edge chips. Chipmakers will require next-generation EUV lithography tools that have been in development by ASML to continue past the 10-nanometer process node. ASML's products are used at every major semiconductor manufacturer, including Intel, Samsung, and TSMC.
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