Report
Abhinav Davuluri

ASML is the primary source of photolithography tools for semiconductor manufacturers.

ASML reported strong first-quarter results, exceeding our revenue estimate thanks to an impressive showing in lithography sales to memory customers. Comparable to Lam Research’s recent results, the quarter marked a slowdown in logic and foundry sales for ASML, offset by the likes of Samsung, SK Hynix, and Micron that continue to spend aggressively for NAND and DRAM projects. Extreme ultraviolet lithography revenue for 2018 is slated to be EUR 2.1 billion versus EUR 2.3 billion indicated previous...
Underlying
ASML Holding N.V.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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