Has ASML Reached the Great Wall of China?

Is it time to abandon the ASML stock?

The first tool company to report Q2-24 results is ASML, and the lithography leader delivered a result above the guidance of EUR5.95B. Revenue of EUR6.242B is 4.9% above guidance and 18% above last quarter’s result of EUR5.29B.

Both operating profit and gross profit grew but not to the level of the end of last year. ASML management calls 2024 a transition year in investor communications, indicating a stronger 2025.