Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

ASML Positioned for Strong Second Half Led by EUV Sales; Raising FVE to $101

ASML reported impressive second-quarter results as the equipment space continues to enjoy strong demand across all major segments. The company has benefited from a sharp uptick in memory business, especially in DRAM, with first-half 2017 sales to the end market nearly matching full-year 2016 memory revenue. We note that 2016 was a considerably weaker year for DRAM spending and the current undersupply situation in DRAM is also probably driving the equipment purchases. Meanwhile, the ramp of the 1...
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.

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We have operations in 27 countries.

Analysts
Abhinav Davuluri

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