ASML Holding Posts Sharp Rise in 2Q Net Profit, Sales on Strong Demand

By Maarten van Tartwijk

AMSTERDAM--Semiconductor-equipment maker ASML Holding NV Wednesday recorded sharp improvements in earnings and sales amid strong demand from makers of logic and memory-chips.

Net profit in the three months to the end of June was 354 million euros ($390 million), up 79% from the previous quarter. Revenue rose 31% to EUR1.74 billion on the quarter, while the gross margin was unchanged at 42.6%, slightly better than the company's own guidance.

ASML, whose customers include chip makers such as Intel Corp. and Samsung Electronics Co, said it anticipates third-quarter sales of EUR1.7 billion and a gross margin of around 47%, while full-year sales are expected to exceed the record year of 2015.

The results come a month after ASML said it agreed to buy Taiwan-based Hermes Microvision Inc. for about $3.09 billion, the latest in a string of deals in the consolidating global semiconductor industry.

Write to Maarten van Tartwijk at [e-mail]

(END) Dow Jones Newswires

July 20, 2016 02:02 ET (06:02 GMT)

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