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NASDAQ:ASML   4:00PM EDT
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-3.06 (-1.86%)

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Chip Gear Maker ASML Beats and Raises, Yeah it Matters

Chip Gear Maker ASML Beats and Raises, Yeah it Matters



Chip Gear Maker ASML Beats and Raises, Yeah it Matters


Date Published:

Written by: Ophir Gottlieb

LEDE

ASML Holding reported third quarter results today, and beat EPS, revenue and guidance estimates. This is the second large chip related company that has beaten earnings in the last 24 hours, the first was Lam Research (LRCX).

There is discord in the analyst world. Morgan Stanley and other large banks are warning with vigor that any rally in chips stocks is a selling opportunity, and that we may see a trough lower than the 2015 cyclical low. Others, however, are more optimistic. It will come down to earnings, and so far, with Lam Research and ASML, the bulls have an edge, albeit early in the reporting season.

EARNINGS NUMBERS

* Revenue: $3.23 billion vs $$3.18 billion (beat estimates)

* EPS: $1.86 vs $1.80 (beat estimates)

Guidance:
* Revenue: $3.46 billion vs $$3.43 billion (upward guidance)

Here is a revenue (TTM) chart for ASML, before this latest data. We can see the cyclical nature of the industry -- what we cannot yet see is if a cycle is ending.


All financial charts are available Here


MEMORY - YES, MEMORY

The company further noted:

In the memory segment, we see strong momentum continuing, as evidenced by our Q3 order intake.


So far, the disaster that was bearing down on us from memory does not seem to be coming to fruition, and that's good news for the bulls.

WHY THIS MATTERS

It's understanding technology that gets us an edge to find the "next Apple," or the "next Amazon." This is what CML Pro does. We are members of Thomson First Call -- our research sits side by side with Goldman Sachs, Morgan Stanley and the rest, but we are the anti-institution and break the information asymmetry.

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Thanks for reading, friends.

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