ASML, the world’s largest supplier of chipmaking equipment, reported second-quarter results above market expectations on Wednesday, with demand from artificial intelligence chipmakers helping offset uncertainty tied to its sales in China. According to median estimates compiled by LSEG, the company posted revenue of 9.33 billion euros for the three months ended June 30, ahead of analysts’ forecast of 8.80 billion euros. Net profit came in at 2.92 billion euros, also above the market expectation of 2.62 billion euros. The figures point to continued strength in demand linked to AI chip production, even as China-related sales remain a source of uncertainty. The report was cited by Odaily, which referenced Jin10 as the source of the earnings update.
ASML (ASML.O), the world’s largest supplier of equipment used to make computer chips, reported second-quarter revenue and profit above market expectations on Wednesday, with demand from artificial intelligence chipmakers offsetting uncertainty around its sales in China.
According to median estimates from LSEG, ASML posted revenue of 9.33 billion euros, or about $10.9 billion, for the three months ended June 30. That was above analysts’ expectation of 8.80 billion euros.
Net profit reached 2.92 billion euros, also above the market forecast of 2.62 billion euros.
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