2024-04-24 03:54:59 ET
Summary
- ASML expects eQ2'24 to remain soft, followed by the cyclical upswing in e2h24 before taking off in eFY25. Strong free cash flow will follow inventory drawdowns as orders flow.
- The adoption of EUV technology by Intel and Taiwan Semiconductor is expected to drive significant investments in ASML's advanced high NA machines.
- Management anticipates significant growth resulting from key themes in data centers and energy transmission, driving demand for ASML's manufacturing equipment.
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ASML Is Positioned For A Cyclical Upswing With EUV