ASML Holding N.V.: What Is The Impact Of Impact of the Chips Act and Global Expansion?

ASML announced its second quarter 2024 financial results, revealing data that both supports and raises concerns about its short-term performance and long-term strategy. The company posted total net sales of EUR 6.2 billion, slightly ahead of its guided figures, with net system sales contributing EUR 4.8 billion. The net system sales were driven by 54% Logic and 46% Memory, with Installed Base Management sales slightly higher than expected at EUR 1.48 billion. Notably, gross margin was reported at 51.5%, above the expected rate, benefiting from greater immersion system delivery.