ASML, Europe's largest company by market cap, raised its 2026 sales forecast to €36-40 billion due to strong AI-driven demand for semiconductor equipment. The company reported Q1 net profits of €2.76 billion, up from €2.4 billion a year earlier, with revenue reaching €8.77 billion. CEO Christophe Fouquet highlighted accelerating customer capacity expansions amid solid industry growth, though export controls and geopolitical tensions with China remain risks. ASML also announced a restructuring with about 1,700 job cuts mainly in leadership roles.
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
ASML reported strong Q2 earnings with EPS of $8.69, surpassing estimates of $7.98, and revenue of $10.67 billion, exceeding forecasts of $10.23 billion. The company attributes this growth to increased demand for AI chips, prompting customers to accel...
ASML Holding N.V. reported strong Q2 results with €9.3 billion in sales and earnings per share of €7.59, surpassing market expectations. The company raised its 2026 revenue guidance to between €43 billion and €45 billion, with a gross margin target o...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
ASML reported Q2 revenue of €9.33 billion and net income of €2.92 billion, exceeding analyst expectations. The company raised its full-year 2026 revenue outlook to €43-45 billion, driven by strong demand for AI-related advanced logic and memory chips...
