ASML, the world’s biggest supplier of equipment used to manufacture computer chips, on Wednesday reported better-than-expected second-quarter (Q2) revenue and profit, as demand from makers of artificial intelligence (AI) chips offset uncertainty over sales to China.
Revenue for the three months ended June 30 was 9.33 billion euros ($10.90 billion), compared with the 8.80 billion euros expected by analysts, according to LSEG median estimates. Net income was 2.92 billion euros, compared with the 2.62 billion euros expected, according to LSEG data.
“Our customers... continue to accelerate their capacity expansion plans... providing ASML with increased visibility into longer-term demand,” Chief Executive Christophe Fouquet said in a statement.
The Dutch company is the only maker of extreme ultraviolet lithography, which are needed to make cutting-edge chips. Customers including Taiwan Semiconductor Manufacturing Co., Samsung, SK Hynix and Micron are racing to add capacity for AI-related demand.
Separately, ASML CEO Christophe Fouquet announced that Intel will use ASML’s new High-NA tool to make some of its most advanced “Panther Lake” chips, marking a first for the technology.
