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ASML Holding N.V. (symbol: ASML) is a pivotal player in the semiconductor industry, renowned for its cutting-edge lithography systems. Headquartered in Veldhoven, the Netherlands, ASML develops, produces, markets, sells, and services advanced equipment essential for the manufacturing of memory and logic chips. Their product portfolio includes extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, as well as metrology and inspection solutions, which enable semiconductor manufacturers to create increasingly complex and efficient microchips.
ASML stands at the forefront of photolithography, a process where light is used to transfer circuit patterns onto silicon wafers. The company's advancements in EUV lithography have revolutionized the industry, allowing for higher transistor densities on chips. This technology is critical for the production of next-generation chips used in AI, mobile devices, and other high-tech applications.
ASML's clientele includes industry giants like TSMC, Samsung, and Intel. The company primarily acts as an assembler, outsourcing the manufacturing of most of its parts. This business model has allowed ASML to focus on innovation and efficiency, maintaining its leadership in the market.
Financially, ASML continues to demonstrate robust performance. The company reported €6.9 billion in net sales and €1.9 billion in net income for Q2 2023. Heading into 2024, ASML maintains a strong revenue outlook, despite the semiconductor industry's cyclical nature. Recent collaborations, such as the Memorandum of Understanding with imec, underscore ASML's commitment to advancing semiconductor research and sustainable innovation in Europe.
Moreover, the company's strategic moves, including substantial investments in R&D and share buyback programs, reflect ASML's proactive approach to growth and shareholder value. The announcement of Christophe Fouquet succeeding Peter Wennink as President and CEO marks a new chapter, with Fouquet's deep industry experience expected to steer the company toward continued success.
ASML's products and services contribute significantly to the advancement of microchip technology, addressing global challenges in healthcare, energy conservation, mobility, and more. With over 42,700 employees, ASML is dedicated to pushing technological boundaries, making chips that are more affordable, powerful, and energy-efficient. Discover more about ASML's innovative solutions and career opportunities on their website.
ASML updates its demand outlook and capacity plans at its Investor Day meeting on November 11, 2022. CEO Peter Wennink highlighted healthy long-term wafer demand growth despite macro uncertainties. Key plans include increasing annual capacity to 90 EUV and 600 DUV systems by 2026 and ramping High-NA EUV capacity to 20 systems by 2028. The company projects 2025 revenues of €30-40 billion and 2030 revenues of €44-60 billion, with gross margins of 54-60%. A new €12 billion share buyback program was announced, intended to enhance shareholder value.
ASML plans to appoint Wayne Allan to its Board of Management as Executive Vice President and Chief Strategic Sourcing & Procurement Officer. This decision, aimed at enhancing the importance of the sourcing and supply chain organization, will be subject to notification at the General Meeting on April 26, 2023. Wayne, who has been with ASML since 2018, previously held significant roles at Micron Technology. The appointment expands ASML's Board from five to six members, emphasizing the need for robust supply chain management amid increasing customer demands.
ASML reports strong Q3 2022 results, with net sales of €5.8 billion and net income of €1.7 billion. The company achieved a gross margin of 51.8% and recorded €8.9 billion in net bookings. ASML expects Q4 2022 sales between €6.1 billion and €6.6 billion and anticipates full-year revenue of €21.1 billion. While demand remains strong, concerns over global economic conditions may impact future performance. A share buyback program worth €1.0 billion was also noted, along with an interim dividend on November 14, 2022.
ASML announces updates from its ongoing share buyback program, initiated on July 21, 2021. Recent transactions include the repurchase of a total of 101,283 shares from October 3-7, 2022, at a weighted average price of approximately €460.89 per share, totaling around €46.2 million. This buyback program aims to enhance shareholder value by reducing the number of outstanding shares. The company emphasizes compliance with the Market Abuse Regulation, ensuring transparency in these transactions.
ASML reports its latest transactions under the ongoing share buyback program initiated on July 21, 2021. The most recent transactions include the repurchase of 60,000 shares on September 5 and 6 at an average price of €472 and €477, respectively. Following these purchases, the total value repurchased amounts to approximately €28.3 million and €28.7 million for those days. Overall, these buybacks enhance shareholder value, demonstrating ASML's commitment to returning capital to its investors.
ASML Holding N.V. reported transactions under its ongoing share buyback program initiated on July 21, 2021. Between August 8 and August 12, 2022, a total of 142,120 shares were repurchased at a weighted average price of approximately €546.4157, totaling around €15.624 million. This buyback aims to enhance shareholder value by reducing the number of outstanding shares, which could positively impact earnings per share (EPS).
ASML Holding N.V. has provided an update on its ongoing share buyback program, initially announced on July 21, 2021. Recently, from July 25 to July 29, 2022, the company repurchased a total of 147,823 shares at an average price ranging between €522.80 and €552.42, culminating in a total expenditure of approximately €78.1 million. This initiative is aimed at enhancing shareholder value and reflects ASML's commitment to returning capital to investors.
ASML Holding N.V. (ASML) has provided updates on its share buyback program, initially announced on 21 July 2021. Recent transactions included the repurchase of 26,530 shares at an average price of €473.57 on 18 July 2022, totaling €12,563,788.22, followed by further buybacks on subsequent dates. The buyback program is aimed at enhancing shareholder value and is compliant with the Market Abuse Regulation. Detailed information is available on ASML's official website.
ASML reported €5.4 billion in net sales and €1.4 billion in net income for Q2 2022, with a 49.1% gross margin. The company achieved record net bookings of €8.5 billion in the quarter. For Q3 2022, ASML expects net sales between €5.1 billion and €5.4 billion. Full year sales growth is projected at around 10%, although a significant portion of revenue recognition is deferred to 2023 due to increased fast shipments, which are expected to total €2.8 billion.
ASML has announced transactions under its ongoing share buyback program, which started on July 21, 2021. Recent activities include repurchasing shares on July 11-15, 2022, totaling 176,092 shares at a weighted average price of approximately €442.66 per share, amounting to a total value of about €77.50 million. The regular updates are provided to comply with Market Abuse Regulation (Nr. 596/2014). For more details about the buyback program, visit ASML's website.
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