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ASML Holding Reports Strong Bookings in Second Quarter

publication date: Jul 17, 2024
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Image: ASML Holding has been a strong stock performer since the beginning of 2023. 

Though performance in the second quarter could have been better, ASML reiterated its outlook for 2024, which it describes as a “transition year.” Total net sales in 2024 are expected to be similar to 2023. The company ended the quarter with €4.6 billion in long-term debt and €5.0 billion in cash and short-term investments. Second quarter results were disappointing, but we continue to like ASML as one of the most prolific innovators in the semiconductor industry.


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