ASML Reports Strong Q2 2024 Performance
Total Net Sales Grow to €6.2 Billion, Net Income Reaches €1.6 Billion
ASML Holding NV (ASML) today announced its financial results for the second quarter of 2024, showing continued growth and profitability. Total net sales increased to €6.2 billion, a 3.2% increase from the previous quarter and a year-over-year increase of 15.1%.
Key Highlights:
- Net income grew to €1.6 billion, up 2.7% from the previous quarter and 12.5% from the same period last year.
- Gross margin remained strong at 51.2%, slightly higher than the 50.9% reported in Q1 2024.
- ASML's order backlog reached €42.9 billion at the end of Q2, indicating a strong demand for its products.
Peter Wennink, ASML's President and CEO, attributed the company's success to its continued innovation and focus on customer satisfaction. "Our financial performance in Q2 reflects the hard work and dedication of our employees and our commitment to delivering the most advanced lithography solutions to our customers," he said.
Outlook:
ASML remains optimistic about its future prospects and expects continued growth in the semiconductor industry. The company plans to invest heavily in research and development to maintain its technological leadership and meet the growing demand for its products.
ASML's strong financial performance in Q2 2024 positions the company as a leader in the competitive semiconductor industry. The company's innovative solutions, global presence, and commitment to customer satisfaction continue to drive its success, leaving a lasting impression on investors and reinforcing its reputation as a reliable and innovative technology partner.
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