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LRCX - ASM International: Strong Headwinds We Didn't Hear In Conference Call
Lam Research Corporation
ASM International NV (ASMIY) reported 2Q earnings on July 23, 2019. According to financial disclosures, net sales for the second quarter 2019 were €363 million. Excluding €103 million related to the patent litigation settlement, net sales were €260 million and increased 4.4% YoY compared to 1Q 2019.
Since the company’s earning call on July 23, its stock price has increased 13% through August 2. One of the key points brought out in the earnings call was ASMIY's CEO Chuck del Prado, who noted:
The current most advanced nodes 10-nanometer in logic and