ASML beats Q2 earnings forecasts; bookings rise on AI demand

AMSTERDAM: ASML, the world’s biggest chipmaking equipment supplier, reported better-than-expected second-quarter earnings on Wednesday on strong sales to China and with higher new bookings than the first quarter.

ASML reported net income of 1.6 billion euros ($1.74 billion) on revenue of 6.2 billion euros for the quarter ended June 30. Analysts had expected 1.41 billion euros on revenue of 6.04 billion euros, according to LSEG data.