ASML : Low Q1 orders prove that the order trend can be very lumpy, but the structural story is unchanged
>Q1 24 results above expectations despite slightly lower sales, bookings way below expectations proving quarterly lumpiness - This morning, ASML reported its Q1 24 results which were above expectations despite slightly lower-than-expected sales. Revenues were € 5,290m, below the consensus at € 5,419m (vs ODDO BHF estimates at € 5,347m and the guided range of € 5-5.5bn), including €1,324m of installed base management. 49% of equipment sales were made in China vs 39% i...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.
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.
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