Key facts
- ASML reported Q2 revenue of 9.33 billion euros, surpassing analyst expectations of 8.80 billion euros.
- ASML's Q2 net income was 2.92 billion euros, exceeding the expected 2.62 billion euros.
- Demand for artificial intelligence chips offset uncertainty over sales to China.
- ASML is the world's largest supplier of equipment used in computer chip manufacturing.
ASML, a key supplier in the computer chip manufacturing industry, announced its second-quarter financial results, exceeding analyst expectations. The company reported revenue of 9.33 billion euros ($10.90 billion) for the three months ending June 30, surpassing the 8.80 billion euros anticipated by analysts. Net income for the quarter reached 2.92 billion euros, also higher than the LSEG median estimate of 2.62 billion euros. This strong performance was attributed to sustained demand from manufacturers of artificial intelligence chips, which helped to counterbalance concerns about sales to China.