ASML, a critical chip firm, reported a profit beat but missed sales expectations with a 22% drop. The company forecasts a semiconductor rebound after a disappointing first quarter. ASML's EPS beat forecasts at 3.31 compared to 3.24, but revenue fell short at 5.62B versus 5.97B. The market cap stands at 367.78B. The CEO anticipates a stronger second half of the year, expecting 2024 to be a transition year. ASML's orders plunged as chipmakers delayed high-end gear purchases, particularly in Taiwan and South Korea. Despite the missed targets, ASML attributes it to a 'transition year.'
TSMC CEO: "Moving into second quarter 2024, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies, partially offset by continued smartphone seasonality" $TSM $TSMC https://t.co/Ii0GBxCMdp
TSMC double beat. CEO: "Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued HPC-related demand" $TSM $TSMC https://t.co/0WnzHuPXe2
TSMC double beat. CEO: "Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued HPC-related demand" $TSM $TSMC Note: Reposting this with correct screenshots. https://t.co/30JNfOKgSu
TSMC expects Q2 sales to jump on 'insatiable' AI demand https://t.co/u6G4y8sU3t https://t.co/64anz3LUGF
TSMC says global tech recovery 'not fast enough' despite AI boom https://t.co/FXHOFhksv2 via @NikkeiAsia
Dutch semiconductor giant ASML blames "transition year" for missed targets. https://t.co/fOmDkiu4VL
ASML Orders Plunge as Chipmakers Pause High-End Gear Purchases - Taiwan, South Korean chipmakers held off buying EUV machines - Outlook in 2024 unchanged with a stronger second half expected Source: Bloomberg https://t.co/UFEOmlOrQC
ASML CEO: "Our outlook for FY 24 is unchanged, with the second half of the year expected to be stronger than the first half, in line with the industry's continued recovery from the downturn. We see 2024 as a transition year" $ASML https://t.co/vv7IM279YQ
💰 ASML ADR $ASML EPS. vs Forecast 3.31 / 3.24 🟢 Rev. vs Forecast 5.62B / 5.97B 🔴 Market Cap: 367.78B
ASML forecasts semiconductor rebound after first quarter disappoints https://t.co/4IVJCvGOgS
Critical chip firm ASML posts profit beat but sales miss expectations with 22% drop https://t.co/FQXyvdDdyx