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StockNews.com
Business
Rjkumari Saxena

Can ASML Holdings Continue to Dominate the Semiconductor Market?

ASML Holding N.V. (ASML), a leading provider of advanced semiconductor equipment systems for chipmakers, reported mixed fiscal 2024 second-quarter results. The company’s net service and field option sales grew 14.3% from the prior year’s quarter to €1.48 billion ($1.62 billion). However, its total net sales declined 9.6% year-over-year to €6.24 billion ($6.82 billion).

During the second quarter, ASML sold 89 units of new lithography systems and 11 units of used lithography systems, up 34.8% and 175% from the prior quarter’s values, respectively. Also, its net bookings were 5,567 for the quarter, reflecting strong growth from the net bookings of 3,611 during the previous quarter.

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