AMSTERDAM – Dutch semiconductor equipment maker ASML reported a second-quarter net profit of EUR 1.9 billion ($2.1 billion), exceeding analyst predictions. The company also raised its full-year sales forecast. According to Refinitiv data, analysts had estimated net profit to be EUR 1.82 billion on revenues of EUR 6.74 billion.
In comparison, ASML achieved a net profit of EUR 1.4 billion in Q2 2022 with EUR 5.4 billion in sales. CEO Peter Wennink increased the company’s full-year sales growth forecast to 30%, previously 25%.
Wennink stated, “Our customers in various market segments are more cautious due to ongoing macroeconomic uncertainties, leading to a delayed recovery in their markets. However, with our solid backlog of approximately EUR 38 billion, we are well-equipped to navigate these short-term uncertainties.”
($1 = EUR 0.8913)
Reporting by Toby Sterling; Editing by Kim Coghill and Tom Hogue
Credit: The Star : Tech Feed
