Report
Martin Marandon-Carlhian ...
  • Stephane Houri

ASML : In periods of slower growth, superior positionings (like that of ASML) stand out much more clearly

>The backlog, 85% exposed to leading edge technologies, continues to grow in value terms and protects the group from macro headwinds - ASML yesterday reported Q3 2022 results that beat expectations (Link to our First Take). But the biggest positive surprise came from the level of orders, at € 8.9bn after € 8.5bn in Q2 2022, while the market expected a slowdown due to the macroeconomic climate to € 6.4bn. New orders include € 3.8bn in EUV systems, including some new Hi...
Underlying
ASML Holding NV

ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martin Marandon-Carlhian

Stephane Houri

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