ASML: stock down despite better quarterly results

(CercleFinance.com) - ASML shares are down 5% in early trading in Amsterdam, despite the publication by the equipment supplier to the chip industry of EPS of E4.
01 for Q2 2024, compared with E3.11 in Q1.

Again sequentially, the Dutch group's gross margin improved 0.5 point to 51.5%, thus exceeding its forecasts, on revenues that rose 18% to E6.24bn, i.e. the upper limit of its target range.

While there are still uncertainties in the market, mainly due to the macroeconomic environment, we expect the sectoral recovery to continue in H2, management says.

Announcing net orders of E5.6bn (including E2.5bn in EUV) for the past quarter, ASML expects a gross margin of between 50% and 51%, as well as revenues of E6.7bn to E7.3bn in Q3.


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