Latest news with #N2
Business Insider
4 days ago
- Business
- Business Insider
Is ASML Stock a Buy Ahead of Q2 Earnings?
Dutch semiconductor services company ASML (ASML) is set to release its Q2 earnings report this week. This has some investors wondering whether it's a good idea to buy shares of ASML stock beforehand. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. What Wall Street Expects Wall Street is expecting ASML to announce quarterly earnings of $5.94 per share, up 37.5% compared with the same period last year. Revenues are projected to reach $8.55 billion, increasing 27.2% from a year ago. Will ASML be able to beat these estimates? As one can see below, it has a very strong track record of doing just that in recent times. Key Issues Ahead of Earnings ASML said at an investor event last November that 2026 would be a growth year for the business. As the months have gone on, investor confidence in that prediction has grown. The stock's share price has dropped 24% over the last twelve months, but is up 17% since the start of the year. In its first quarter the group reported revenue of €7.74 billion, up from €5.29 billion in the same period last year. However, net bookings of €3.94 billion missed analyst forecasts of €4.89 billion. Its net profit was €2.36 billion, versus forecasts of €2.3 billion. At the time the ASML chief executive Christope Fouquet warned that President Trump's tariffs had created a new uncertainty for the economy and 'our potential market demands.' Indeed, chip export restrictions to China mean its customers there have been buying lower-end ASML equipment. There are also concerns over a ramp up in European regulation on the AI and digital sector through measures such as the AI Act. Analysts, on average, expect second-quarter bookings to reach €4.44 billion, and €21.3 billion for the full-year. Marc Hesselink, analyst at ING, believes that hitting those forecasts depends largely on orders from the world's top contract chipmaker TSMC (TSM). The company, which is also ASML's top customer, is expected to order the tools it needs for its upcoming manufacturing process, N2, this year. 'We see a better-than-expected demand and order from TSMC and China players, but lower-than-expected demand and order from Intel (INTC) and Samsung,' added Kevin Wang, analyst at Mizuho. Is ASML a Good Stock to Buy Now?
Time of India
4 days ago
- Business
- Time of India
ASML's 2026 growth outlook hinges on second-quarter bookings
By Nathan Vifflin VELDHOVEN: Investors are hoping that ASML 's bookings are robust enough to support its 2026 growth ambitions when the world's biggest chip-making equipment supplier reports its second-quarter earnings on Wednesday. The Dutch firm has lost around 30% in market value since peaking one year ago, reflecting investor concern over its growth prospects. At an investor event last November, the maker of the EUV machine - the backbone of AI chipmaking - said it saw 2026 as a growth year but didn't specify how much growth it anticipated. Analysts see the second quarter as a "make or break" period which will determine its outlook for 2026, considering delivery times typically take around 12 months. "ASML would need to double our second-quarter order estimates (of 5.3 billion euros) to comfort our 2026 revenue forecast ," Barclays analyst Simon Coles told Reuters. Analysts, on average, expect second-quarter bookings to reach 4.44 billion euros, according to a consensus compiled by researcher Visible Alpha, and 21.3 billion euros for the full-year. TSMC, CHINA DEMAND Hitting those forecasts depends largely on orders from the world's top contract chipmaker TSMC, analyst Marc Hesselink of ING said. The company, which is also ASML's top customer, is expected to order the tools it needs for its upcoming manufacturing process, N2, this year. "We see a better-than-expected demand and order from TSMC and China players, but lower-than-expected demand and order from Intel and Samsung," said Kevin Wang, analyst at Mizuho. Positive news on talks with clients over future orders would also offer reassurance that it will meet current market forecasts, said Hesselink. ASML still has a long way to go in 2025 to fulfill booking expectations for its lithography systems, after net bookings, the industry's most closely watched figure, came in at 3.9 billion euro ($4.6 billion) in the first quarter, missing estimates, analysts say. Its earnings will provide a gauge of the resilience of China's chipmakers, which have been buying lower-end ASML equipment not impacted by export restrictions. That demand helped the company beat first-quarter forecasts. Last October, ASML projected Chinese orders would fall to a 20% share of all machine sales in 2025. In fact, they constituted 27% of machine sales, steady from a quarter earlier. Analysts expect that trend to continue unless U.S. export curbs are further extended to apply to the older equipment.
Yahoo
09-07-2025
- Business
- Yahoo
TSMC (TSM) Re-Rating Possible as AI Drives Chip Demand—Macquarie
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the . On July 7, Macquarie raised the stock's target price from 1,125 New Taiwanese dollars to 1,282 New Taiwanese dollars, maintaining an 'Outperform' rating. The rating affirmation is driven by the burgeoning demand from the AI super cycle. Firm analysts are particularly optimistic about TSMC's leadership in advanced semiconductor nodes, particularly its N2 technology. The ongoing growth from its N3 nodes is also a positive factor. Macquarie further analyzed that the 'N2 ramp-up is a critical driver,' with design-in activity for N2 already superior to that of N3 at a similar stage. This, in turn, implies robust demand for TSMC's cutting-edge chips. Consequently, the firm anticipates over 20% YoY USD revenue growth in 2025. 'Robust revenue growth from advanced nodes could partially offset these FX-related headwinds.' The analysts believe that the demand generated by AI, together with TSMC's superior technology, could lead to a similar P/E re-rating that happened during the last consumer electronics boom in late 2020. At that time, TSMC's P/E expanded to 20–25x. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells advanced chips used in artificial intelligence applications. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Irish Sun
04-07-2025
- The Irish Sun
Traffic chaos after crash on Dublin's busy M50 motorway as Irish Rail confirm ‘technical issue' delays amid bus delays
COMMUTERS across the country faced delays this morning after a collision was reported on the busy M50 motorway in Dublin. Dublin's 3 Bus Eireann are experiencing disruptions to their services as five buses are cancelled Credit: PA:Press Association 3 Irish Rail has 'technical issues' on their services Credit: Alamy The collision was reported at the J06 Blanchardstown Northbound slip to N3 North at 08:48am. Transport Infrastructure Ireland said the incident was cleared swiftly after it was reported. However, motorists may experience some No other major incidents have been reported on Irish roads this morning, meaning most roads should be congestion-free. READ MORE ON MOTORS TII also reported that there are "no delays currently" on the N40 or routes approaching Meanwhile, Route 133 and 100X will be unable to serve the Townsend Street stop 341 due to construction works. It has been temporarily relocated to Most read in Motors 09:20 Drogheda to Laytown via Route D2 has been cancelled. I'm an Irish driving instructor and here's how to avoid getting marked for incorrect positioning during the test Route 354 has also experienced major disruption, as five of their services have been cancelled. This impacts the following service: 09:58 The Clock Tower to Carrick-on-Suir 11:20 Carrick-on-Suir to Dunmore East 13:20 Dunmore East to The Clock Tower 16:29 The Clock Tower to Dunmore East 17:20 Dunmore East to The Clock Tower Route N2 is operating at a reduced frequency until further notice, Bus Eireann reveals. 'TECHNICAL ISSUES' The 06:25 Drogheda/Pearse service is running approximately seven minutes behind schedule due to an operational issue. And the 08:11 Malahide/Bray service started from Clongriffin due to a technical issue. This means that commuters from Malahide and Portmarnock had to get their transport from Clongriffin. No further services were impacted for Irish Rail and Bus Eireann this morning. 3 M50 users are facing road congestion after the collision this morning Credit: Getty Images - Getty
Time of India
03-07-2025
- Business
- Time of India
Intel's new CEO explores big shift in chip manufacturing business
Intel 's new chief executive is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter told Reuters, in a potentially expensive shift from his predecessor's plans. If implemented, the new strategy for what Intel calls its "foundry" business would entail no longer marketing certain chipmaking technology, which the company had long developed, to external customers, the people said. Since taking the company's helm in March, CEO Lip-Bu Tan has moved fast to cut costs and find a new path to revive the ailing U.S. chipmaker. By June, he started voicing that a manufacturing process that prior CEO Pat Gelsinger bet heavily on, known as 18A, was losing its appeal to new customers, said the sources, who spoke on condition of anonymity. To put aside external sales of 18A and its variant 18A-P, manufacturing processes that have cost Intel billions of dollars to develop, the company would have to take a write-off, one of the people familiar with the matter said. Industry analysts contacted by Reuters said such a charge could amount to a loss of hundreds of millions, if not billions, of dollars. Intel declined to comment on such "hypothetical scenarios or market speculation." It said the lead customer for 18A has long been Intel itself, and it aims to ramp production of its "Panther Lake" laptop chips later in 2025, which it called the most advanced processors ever designed and manufactured in the United States. Persuading outside clients to use Intel's factories remains key to its future. As its 18A fabrication process faced delays, rival TSMC's N2 technology has been on track for production. Tan's preliminary answer to this challenge: focus more resources on 14A, a next-generation chipmaking process where Intel expects to have advantages over Taiwan's TSMC, the two sources said. The move is part of a play for big customers like Apple and Nvidia, which currently pay TSMC to manufacture their chips. Tan has tasked the company with teeing up options for discussion with Intel's board when it meets as early as this month, including whether to stop marketing 18A to new clients, one of the two sources said. The board might not reach a decision on 18A until a subsequent autumn meeting in light of the matter's complexity and the enormous money at stake, the person said. Intel declined to comment on what it called rumor. In a statement, it said: "Lip-Bu and the executive team are committed to strengthening our roadmap, building trust with our customers, and improving our financial position for the future. We have identified clear areas of focus and will take actions needed to turn the business around." Last year was Intel's first unprofitable year since 1986. It posted a net loss attributable to the company of $18.8 billion for 2024. The Intel chief executive's deliberations show the enormous risks - and costs - under consideration to move the storied U.S. chipmaker back onto solid footing. Like Gelsinger, Tan inherited a company that had lost its manufacturing edge and fell behind on crucial technology waves of the past two decades: mobile computing and artificial intelligence. The company is targeting high-volume production later this year for 18A with its internal chips, which are widely expected to arrive ahead of external customer orders. Meanwhile, delivering 14A in time to win major contracts is by no means certain, and Intel could choose to stick with its existing plans for 18A, one of the sources said. Intel is tailoring 14A to key clients' needs to make it successful, the company said. AMAZON AND MICROSOFT ON 18A Tan's review of whether to focus clients on 14A involves the contract chipmaking portion of Intel, or foundry, which makes chips for external customers. Regardless of a board decision, Intel will make chips via 18A in cases where its plans are already in motion, the people familiar with the matter said. This includes using 18A for Intel's in-house chips that it already designed for that manufacturing process, the people said. Intel also will produce a relatively small volume of chips that it has guaranteed for and Microsoft via 18A, with deadlines that make it unrealistic to wait for the development of 14A. Amazon and Microsoft did not immediately comment on the matter. Intel said it will deliver on its customer commitments. Tan's overall strategy for Intel remains nascent. So far, he has updated his leadership team, bringing in new engineering talent, and he has worked to shrink what he considered bloated and slow-moving middle management. Shifting away from selling 18A to foundry customers would represent one of his biggest moves yet. The 18A manufacturing process includes a novel method of delivering energy to chips and a new type of transistor. Together, these enhancements were meant to let Intel match or exceed TSMC's capabilities, Intel executives have previously said. However, according to some industry analysts, the 18A process is roughly equivalent to TSMC's so-called N3 manufacturing technology, which went into high-volume production in late 2022. If Intel follows Tan's lead, the company would focus its foundry employees, design partners and new customers on 14A, where it hopes for a better chance to compete against TSMC.
