ASML’s Strong Backlog Meets a Cautious Market

Transcript

ASML reported second quarter net sales of 6.9 billion euros, gross margin of 51.3 percent, and net income of 1.9 billion euros. It also said its backlog was around 38 billion euros, which it described as a good basis to navigate short term uncertainties. That is the key contrast in the story: a large order book points to resilience, while customers across market segments are still cautious because of ongoing macroeconomic uncertainty, and ASML says the timing and shape of a recovery remain unclear. The company also flags export control policy and regulations as a risk, including their expected impact on ASML and, in its annual report, the effect of evolving United States and Dutch export controls on shipments of advanced lithography systems to customers in China. On technology roadmap language, ASML’s disclosures point to future revenue and gross margin opportunities and to development of High NA EUV systems, but that should be read as company guidance, not independent validation. ^{[1][2][3][4][5][6][7][8][9]}