ASML Stock Recent News

Order bookings at ASML Holding NV were €3.6 billion ($3.8 billion) in the first quarter, compared with an average of €4.63 billion ($4.9 billion) by analysts surveyed by Bloomberg. Europe's most valuable technology firm and the world's sole producer of equipment needed to make the most advanced chips was hurt by the downturn in demand for its most advanced machines from the chip making industry.

ASML on Monday said first quarter profit beat expectations while sales missed forecasts, with the compant sticking to its full-year outlook.

ASML , the largest supplier of equipment to computer chip makers, on Wednesday reported first-quarter earnings of 1.22 billion euros ($1.30 billion), and a worse-than-expected inflow of new bookings of 3.6 billion euros.

ASML Holding's (ASML) first-quarter results are expected to reflect the benefits of strong momentum across the EUV and DUV systems amid macroeconomic headwinds.

Semiconductor company ASML Holding NV (NASDAQ:ASML) is expected to report a year-over-year decline in both its profits and sales when it hands down its first quarter earnings on Wednesday, April 17. Wall Street analysts, on average, see the chipmaker's profits decreasing by a whopping 46.3% to US$2.85.

ASML Holding (ASML) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

The semiconductor industry has become a focus of every investor portfolio in the past few months, as technology stocks have outperformed almost every other sector in the past 12 months. Led by names like Nvidia Co. NASDAQ: NVDA, the semiconductor rally has another set of lungs, one that has yet to gain the recognition it deserves.

Palantir's deal momentum and revenue pipeline are improving at an impressive pace thanks to the growing adoption of its AI platform. ASML Holding's machines are playing a vital role in helping chipmakers manufacture advanced chips that form the backbone of AI.

ASML is set to report the FQ1'24 earnings on April 17, 2024, with it unknown if it may continue the consecutive earnings beat since 2010, barring once in 2021. With the ultimate aim of boosting domestic production of semiconductors, it goes without saying that ASML will be the main beneficiary of the CHIPs Act. This also explains why the management has reported accelerating growth in net bookings in FQ4'23, further aided by the recovering memory market.

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.