Benzinga | Jul 15, 2020 07:30AM EDT

Recap: ASML Holding Q2 Earnings

Shares of ASML Holding (NASDAQ:ASML) fell 1.8% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 55.12% over the past year to $1.97, which beat the estimate of $1.45.

Revenue of $3,663,000,000 up by 27.36% year over year, which missed the estimate of $3,880,000,000.

Guidance

Q3 revenue expected between $4,104,000,000 and $4,332,000,000.

Technicals

Company's 52-week high was at $402.87

Company's 52-week low was at $191.25

Price action over last quarter: Up 33.21%

Company Overview

Founded in 1984 and based in the Netherlands, ASML is a leading manufacturer of photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photomask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a meaningful portion of the cost of making cutting-edge chips. Chipmakers will require next-generation EUV lithography tools that have been in development by ASML to continue past the 10-nanometer process node. ASML's products are used at every major semiconductor manufacturer, including Intel, Samsung, and TSMC.