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ASML tops Q2 estimates on AI chip demand

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ASML tops Q2 estimates on AI chip demand

ASML reported better-than-expected Q2 revenue and profit, supported by stronger demand for AI chipmaking equipment. The quarter also faced uncertainty over sales to China, but the AI-driven demand helped offset that risk. The update is likely to be a modest positive driver for ASML and the semiconductor equipment complex.

Analysis

ASML reported better-than-expected Q2 revenue and profit, supported by stronger demand for AI chipmaking equipment. The quarter also faced uncertainty over sales to China, but the AI-driven demand helped offset that risk. The update is likely to be a modest positive driver for ASML and the semiconductor equipment complex.

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mildly positive

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