Report
Stephane Houri

ASML : Strong Q2 18 results and strong guidance

>Facts: Q2 18 clearly above expectations - Q2 18 sales were € 2.74bn vs our forecast of € 2.57bn, a consensus of € 2.56bn and guidance of € 2.5/2.6bn. Gross margin stood at 43.3% vs. consensus and guidance of 43%. EPS is therefore € 1.37 (vs a consensus of € 1.21), 13% above expectations. Orders were € 1.95bn vs € 2.4bn in Q1 18 and a consensus of € 2.05bn. EUV is progressing as expected and the DUV business is driven by a memory market that continues to require a sig...
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
Stephane Houri

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