SummaryCompanies Ups full-year sales growth forecast to 30% from 25%Q2 net profit up 35% at 1.9 billion euros vs forecast 1.82 blnQ2 sales up 28% to 6.9 billion vs forecast 6.74 billionAMSTERDAM, July 19 (Reuters) - Dutch semiconductor equipment maker ASML (ASML.AS) reported second-quarter earnings that beat expectations on Wednesday and boosted its full-year sales outlook, citing strong demand from Chinese customers.
"However, our strong (order) backlog of around 38 billion euros ($42.6 billion) provides us with a good basis to navigate these short-term uncertainties," Wennick said.
Net profit was up 35% from a year ago to 1.9 billion euros on sales up 28% to 6.9 billion, beating average analyst expectations of 1.82 billion euros and 6.74 billion respectively, according to Refinitiv data.
It is a supplier to almost every computer chip maker and is expanding production as it cannot keep up with customer demand.
ASML has never sold EUV machines in China due to export control rules but it remains a key market.
Persons:
Peter Wennink, Wennink, Wennick, ASML, Toby Sterling, Tom Hogue, David Holmes
Organizations:
Samsung, Intel, Thomson
Locations:
AMSTERDAM, China, Washington, U.S