Dutch tech big ASML, which makes cutting-edge machines to fabricate semiconductor chips, Wednesday posted a achieve in second-quarter web income in contrast with the identical interval in 2025.
ASML is a crucial cog within the international economic system and a key bellwether for the tech sector, because the semiconductors crafted with its instruments energy every thing from smartphones to missiles.
ASML, Europe’s greatest tech agency by market worth, stated web income got here in at 2.9 billion euros, in contrast with 2.3 billion within the second quarter of final 12 months.
The agency additionally hiked its gross sales forecast for the complete 12 months, projecting whole turnover of between 43 and 45 billion euros, in comparison with a earlier vary of 36-40 billion.
Buyers have been watching the outcomes particularly carefully after a number of sharp sell-offs within the tech sector over fears the AI bubble may be approaching its bursting level.
However the agency’s Chief Government Officer Christophe Fouquet stated AI was nonetheless pushing his enterprise ahead.
“Ongoing AI-related investments and continued progress in AI applied sciences are driving demand for superior Logic and Reminiscence chips, additional strengthening the semiconductor trade’s progress outlook,” stated Fouquet in a press release.
The agency recorded whole web gross sales within the second quarter of 9.3 billion euros, in contrast with 7.7 billion euros in the identical three months of final 12 months.
This was higher than the agency’s expectations of web gross sales between 8.4 and 9.0 billion euros.
