ASML, the company that quite literally makes the machines that make the chips that power modern AI, just posted Q2 results that beat Wall Street expectations. Revenue came in above the consensus forecast of roughly $10.27 billion to $10.28 billion, driven by demand for AI-capable semiconductors.
That revenue figure represents approximately 17.8% growth compared to the same quarter last year. Earnings per share were expected in the $7.94 to $7.98 range, which would mark a 75% year-over-year jump. ASML cleared those bars.
The only game in town
ASML is the only company on Earth that manufactures extreme ultraviolet lithography machines, the tools required to print the impossibly tiny circuitry on cutting-edge chips.
Each of these machines costs nearly $400 million.
