AMAT

ASML Holding ASML posted solid second-quarter 2026 results, with both the top and bottom lines improving year over year as well as beating the Zacks Consensus Estimate. The company witnessed improved gross margin and an increase in backlog.Shares of ASML have gained 25.1% in the past three months, outperforming the industry, its sector, as well as the Zacks S&P 500 composite in the same time frame. ASML shares are trading at a discount to their 52-week high. Image Source: Zacks Investment Research The company is a critical player in the global semiconductor industry, maintaining a dominant position in extreme ultraviolet (EUV) lithography systems. Industry prospects remain strong, fueled by rising AI-driven infrastructure spending that is boosting demand for advanced logic and memory chips. Supported by its comprehensive product portfolio, management expects robust Memorychips across all business segments.Shares of KLA Corporation KLAC and Applied Materials AMAT have rallied 24.4% and 45.3% in the past three months, respectively, in the same time frame. ASML reported second-quarter revenues of $10.8 million, up 24% year over year. Revenues came above the high end of the guidance as a result of higher-than-expected Installed Base Management sales.Net system sales totaled €6.6 billion, including €3.8 billion from EUV systems and €2.8 billion from non-EUV products. ASML recognized sales of one High NA EUV system during the quarter.EUV accounted for 57% of second-quarter system revenues, while ArFi systems contributed 29%. Logic represented 51% of net system sales, and Memory accounted for the remaining 49%, reflecting balanced demand across advanced semiconductor applications.Gross margin was 54%, up 30 basis points, primarily driven by the contribution of very high-margin components within its Installed Base Management business. It also exceeded the guidance. The bottom line came in at $8.81, up about 98% year over year.At the end of the second quarter, ASML’s cash, cash equivalents and short-term investments were €7.58 billion. ASML repurchased around 0.8 million shares for approximately €1.1 billion and declared a first quarterly interim dividend of €1.88 per share, to be paid out on Aug. 5, 2026.ASML generated €1.70 billion in operating cash flow during the quarter. After €386 million in purchases of property, plant, equipment and intangible assets, free ca...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. After a very strong 5 year run, Applied Materials now sits in a valuation grey area where the share price strength contrasts with a relatively low overall value score and an earnings multiple picture that looks closer to about right than clearly cheap. Applied Materials has returned about 3.4x over 5 years, which means new buyers are being asked to pay up compared with where the stock traded earlier in the AI build out. Long term AI related equipment demand and recent multi year partnerships can support confidence in future cash flows. At the same time, sector wide sell offs and option market positioning around upcoming earnings highlight that sentiment can turn quickly. The company screens as expensive on several checks, with only 2 of 6 valuation tests passed, so the broader framework suggests Applied Materials is not a straightforward bargain even after strong operational headlines. See the full breakdown at 2/6. The issue now is whether Applied Materials' recent rally has already priced in most of the AI infrastructure story or if current levels still leave enough valuation support for long term investors. Applied Materials delivered 199.6% returns over the last year. See how this stacks up to the rest of the Semiconductor industry. The P/E ratio suits Applied Materials because earnings are a key anchor for valuing a mature, profitable equipment supplier. The stock currently trades on about 54.1x earnings, almost in line with the peer average of 53.6x and below the broader semiconductor industry average of 62.6x, so it is not an obvious outlier on headline multiples. The fair P/E that accounts for Applied Materials' growth profile, margins, size and risk comes out slightly higher at 58.7x, which is close to where the market already prices the stock. Because the fair ratio sits only a little above the current P/E, the framework points to Applied Materials being roughly fairly valued on earnings rather than clearly cheap or clearly expensive. Despite recent sector rallies linked to AI infrastructure demand and upbeat headlines around long term equipment visibility, the current P/E still lines up reasonably with both peers and the tailored fair multiple. On the P/E multiple, Applied Materials appears priced roughly in line with what the model suggests...

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ASML's monopoly on EUV lithography and a July 15 Q2 earnings catalyst could push shares 11% higher to $2,023 from $1,831. Unlike AMAT and LRCX, ASML sells the only EUV lithography systems on earth, where CEO Fouquet says supply cannot meet demand through 2026. A EUR 12 billion buyback through 2028 and a 17% dividend hike reinforce confidence in ASML's $13 billion annual free cash flow. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and ASML didn't make the cut. Grab the names FREE today. Own ASML Holding (NASDAQ:ASML) before the opening bell on July 15 when the company reports Q2 results and almost certainly reiterates a raised full-year outlook the market is still underpricing. The thesis rests on the fact that ASML is the only company on earth that sells EUV lithography, at a moment when its own CFO says "2026 is panning out very nicely" and management just widened FY guidance upward. ASML traded around $1,804.25 last Friday, sitting 8% below its 52-week high of $1,999.96, with the 24/7 Wall St. base case pointing to $2,022.82 and a 0.9 (High) confidence score. The shares are already up 124.48% over the past year and 65.91% year to date, and the tape shifted violently in the buyer's favor Thursday, with the stock rallying 3.5% intraday ahead of the earnings report. 1. The Q2 catalyst is loaded: Management already raised FY2026 revenue guidance to EUR 36 billion to EUR 40 billion on the Q1 call, with CFO Roger Dassen calling it "a very strong year". Q1 2026 already delivered EPS of $8.43 and revenue of $10.34 billion, with gross margin printing at 53.0%, the high end of guidance. Q2 guidance sits at EUR 8.4 billion to EUR 9.0 billion. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and ASML didn't make the cut. Grab the names FREE today. 2. The demand picture is structural: CEO Christophe Fouquet told investors that "supply will not meet the demand for the foreseeable future" and that memory customers are "sold out for 2026". The 2025 backlog closed at $45.06 billion against Q4 net bookings of $15.28 billion. 3. Capital return is accelerating: ASML activated a EUR 12 billion buyback in January 2026 running through 2028 and lifted the FY2025 dividend 17% to EUR 7.50 per share. FY2025 free cash flow hit $12.81 billion. Because Applied Materials (NASDAQ:AMAT) and Lam Research (NASDAQ:LRCX) do n...

The best quarterly stock market performance in six years powered the average U.S. diversified equity fund higher.

ASML Holding ASML is slated to report second-quarter 2026 results before the market opens on July 15, 2026. ASML expects revenues between €8.4 billion and €9 billion. The Zacks Consensus Estimate is pegged at $10.28 billion, indicating a 17.8% increase from the year-ago quarter’s level. The Zacks Consensus Estimate for earnings is pegged at $7.98 per share, suggesting an increase of 75.4% from the year-ago quarter’s earnings of $4.55. The estimate has been revised downward by 3 cents over the past 30 days. Image Source: Zacks Investment Research The company’s earnings outpaced the Zacks Consensus Estimate twice in the trailing four quarters while missing on two occasions, the average negative surprise being 4.54%. ASML Holding N.V. price-eps-surprise | ASML Holding N.V. Quote Our proven model does not conclusively predict an earnings beat for ASML this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here. ASML Holding currently carries a Zacks Rank #4 (Sell) and has an Earnings ESP of -1.04%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here. ASML Holding’s second-quarter performance is likely to have benefited from the rising demand for its lithography tools, which is gaining traction on the back of the need to produce more complex logic, DRAM, HBM and NAND chips. ASML’s EUV technology is gaining the highest traction among DRAM, followed by HBM and DDR. Shift toward High NA-EUV technology, strong usage of ASML’s DUV technology in China and EUV in the rest of the world are likely to have driven the company’s top line in the to-be-reported quarter. As AI and high-performance computing processes like training and inference require better HBM and DRAM chips, ASML’s advanced etching tools will remain in demand. The growing popularity of ASML Holding’s NXE:3800 low numerical aperture (NA) machine, which can process 220 wafers per hour, is likely to have driven substantial EUV sales in the to-be-reported quarter. The industry’s shift from 4nm to 2nm nodes has led to single-exposure EUV technology gaining popularity. EUV is likely to have gained traction in the to-be-reported quarter. ASML Holding’s upgrade and service bu...

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the semiconductor manufacturing stocks, including Applied Materials (NASDAQ:AMAT) and its peers. The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment. The 14 semiconductor manufacturing stocks we track reported a very strong Q1. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was 5.5% above. In light of this news, share prices of the companies have held steady as they are up 4.3% on average since the latest earnings results. Founded in 1967 as the first company to develop tools for other businesses in the semiconductor industry, Applied Materials (NASDAQ:AMAT) is the largest provider of semiconductor wafer fabrication equipment. Applied Materials reported revenues of $7.91 billion, up 11.4% year on year. This print exceeded analysts’ expectations by 2.7%. Overall, it was an exceptional quarter for the company with revenue guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ operating income estimates. “Applied Materials delivered record quarterly performance, and we now expect our semiconductor equipment business to grow more than 30 percent in calendar 2026,” said Gary Dickerson, President and CEO. Interestingly, the stock is up 37.8% since reporting and currently trades at $607.20. We think Applied Materials is a good business, but is it a buy today? Read our full report here, it’s free. Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices Kulicke and Soffa reported revenues of $242.6 million, up 49.8% year on year, outperforming analysts’ expectations by 5.5%. The business had a stunning quarter with a beat of analysts’ EPS and operating income estimates. Kulicke and Soffa scored the highest guidance raise among its peers. The market seems happy with the results as the sto...

(Bloomberg) -- Semiconductor stocks are starting the third quarter with their worst two-day selloff in nearly a month. Most Read from Bloomberg Exxon to Change Name for First Time in Decades After Redomicile Meta Is Planning a Cloud Business to Sell AI Computing Power Germany Rejects Trump’s Demands for NATO Loyalty to Washington Russia Indicates Ukraine Fired Long-Range Ballistic Missile Krafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO Resigns The Philadelphia Stock Exchange Semiconductor Index, which is coming off its best quarter ever with an 88% advance in the second quarter, fell as much as 6% on Thursday. That has the index on pace for a decline of 12% over two sessions, the most since June 5. The drop on Thursday was led by the makers of equipment used in the production of chips. Teradyne Inc., Entegris Inc. and KLA Corp. all fell more than 10% while Lam Research Corp. and Applied Materials Inc. each dropped about 8%. Anthropic PBC has held talks with Samsung Electronics Co. as a potential manufacturing partner for a custom AI chip, the Information reported on Thursday, citing people familiar. The AI startup has held discussions with multiple chip design companies, according to the report. The selloff comes amid a volatile stretch for the index of 30 chip-related companies as investors assess the sustainability of spending on artificial intelligence equipment that sent earnings and profit growth soaring in the sector. Over the past two weeks, the chip index has closed with a gain or loss of more than 2% on all but one session. Still, the benchmark remains up 78% in 2026, putting it on track for its best year since 1999. Most Read from Bloomberg Businessweek Spain Built Too Much Solar. Investors Want Out ‘Southern Squeeze’ Grips US Cities Once Known for Affordability The Wall Street Women Who Traded Finance Careers for Influencer Success The Fun Shortage Is Real, and It’s Making America Miserable ByteDance Picks Brazil for Its Largest Data Center Outside China ©2026 Bloomberg L.P.

This article first appeared on GuruFocus. Release Date: June 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bankers Investment Trust PLC (LSE:BNKR) delivered a solid six-month performance with a share price total return of 6.5%, outperforming the FTSE World Index's 5.5% rise. The company declared a second interim dividend of 0.707p, marking a 3.1% increase over the year. Key sectors driving performance included technology and energy, with significant contributions from semiconductor companies like Micron and Applied Materials. The portfolio has been unified into a global portfolio of high-conviction ideas, enhancing risk management and investment opportunities. Corporate profits continue to grow, supporting market and share price stability. The net asset value total return was 3.7%, slightly below the benchmark. Some software and internet platform stocks faced volatility due to perceived market disruptions, impacting short-term performance. Market volatility is expected to persist, particularly due to tensions in the US and Middle East. There are concerns about potential over-exuberance in certain market areas, necessitating careful evaluation of valuations. The transition in management from Alex Crooke to Richard Clode may introduce uncertainties during the leadership change. Warning! GuruFocus has detected 6 Warning Signs with NSE:VIVIANA. Is LSE:BNKR fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an overview of Bankers Investment Trust's performance over the past six months? A: Alex Crooke, Portfolio Manager, stated that Bankers delivered a solid six months despite market volatility. The share price total return was 6.5%, outperforming the FTSE World Index, which rose by 5.5%. However, the net asset value total return was 3.7%, slightly below the benchmark. A second interim dividend of 0.707p was declared, marking a 3.1% increase over the year. Q: What were the key drivers of performance during this period? A: Richard Clode, Portfolio Manager, highlighted technology and energy as key sectors driving performance. Semiconductors, particularly companies like Micron and Applied Materials, benefited from AI-related investments. Energy companies, such as TotalEnergies, also contributed positively. Conversely, some software and internet platform stocks faced volatili...

It has been about a month since the last earnings report for Marvell Technology (MRVL). Shares have added about 37.3% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Marvell due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts. Marvell came out with first-quarter fiscal 2027 earnings of 80 cents per share, in line with the Zacks Consensus Estimate. The company reported earnings of 62 cents per share a year ago. The bottom line increased 29% year over year. MRVL’s first-quarter fiscal 2027 revenues of $2.42 billion surpassed the Zacks Consensus Estimate by 0.59%. MRVL reported revenues of $1.90 billion in the year-ago quarter. The top-line record was built on demand in both reported end markets. Data center revenues increased 27% year over year and 11% sequentially to $1.83 billion. Communications and other revenues were $585 million, up 29% year over year and 3% sequentially. Management pointed to “exceptional AI-related bookings” across its data center lineup and guided for continued sequential acceleration as fiscal 2027 progresses. The message was that AI buildout is pulling through multiple product families, including optical interconnect, custom silicon and switching. Marvell Technology emphasized strength in 800G PAM4 products, a quick ramp of 1.6T solutions and expanding traction in Ethernet switching as networking becomes more critical in larger AI clusters. The company also said the shift toward larger, multi-site AI systems is increasing the importance of data center interconnect modules. Strategically, MRVL highlighted an expanded partnership with NVIDIA across optics, NVLink Fusion integration and AI-RAN, intended to connect its custom silicon and optical networking capabilities into the NVIDIA ecosystem. Management said it has a line of sight to a $1 billion annualized DCI module revenue run rate during fiscal 2028. MRVL reported non-GAAP gross margin of 58.9%. Non-GAAP operating margin was 35.0%, supported by $846.9 million of non-GAAP operating income. MRVL’s non-GAAP operating expenses were $576.9 million as the company continued investing in AI growth priorities. Operating...

Micron Technology stock was up 18% in premarket trading on Thursday after the chipmaker's fiscal third-quarter results cleared analysts' targets on nearly every key measure, with the company projecting that the memory-chip shortage will persist past 2027. Broader markets caught a lift from the news. Dow Jones Industrial Average futures added 116 points, or 0.2%, while S&P 500 futures gained 0.7% and Nasdaq 100 futures jumped 2.1%. The rally spread across the semiconductor sector. An upward revision to Qualcomm's non-handset revenue outlook for fiscal 2029 pushed its shares 10% higher. Among other chipmakers, Sandisk and Western Digital climbed at least 12% apiece, while equipment makers Lam Research, KLA, and Applied Materials were also swept up in the advance. Memory peers outside the U.S. followed suit. Micron's two largest global memory rivals also advanced, with Samsung Electronics adding 5% on the Korean exchange and SK Hynix surging 13% in overseas markets. In Asia, the Kospi in South Korea topped regional indexes with a 5.42% jump, and Tokyo's Nikkei 225 climbed 4.61%. Across the Atlantic, European semiconductor names including ASMI, Be Semiconductor, and Soitec moved higher, helping push the pan-European Stoxx 600 up 0.61%. Oil's continued slide offered markets an additional tailwind. Brent crude futures have retreated to just a fraction above their price at the outset of the Middle East conflict. Wall Street's focus on Thursday morning will also include the May PCE price index — the inflation measure the Federal Reserve watches most closely — with forecasts calling for a 4.1% annual rise and a 0.5% gain from the prior month. The core version of the index, which excludes food and energy, is seen climbing 3.4% from a year earlier and 0.3% from April — figures that would mark an acceleration from the prior month's 3.3% annual and 0.2% monthly readings. Ahead of the data release, the 10-year Treasury note was yielding 4.414%, having ticked up by a single basis point. Thursday's data calendar also includes a revised GDP estimate for the first quarter, along with May personal income figures, a preliminary durable goods report, and jobless claims covering the week through June 20.

What happened: Memory and storage stocks rallied on Thursday. Shares of Sandisk (SNDK) and Western Digital (WDC) gained 21% and 4%, respectively, while chipmaker Qualcomm (QCOM) and machine manufacturer Applied Materials (AMAT) also rose. What's behind the move: The iShares Semiconductor ETF (SOXX) ticked up by more than 3% after Micron Technology's (MU) blowout quarterly results reinforced the narrative that capital spending on artificial intelligence continues to accelerate. That helped lift sentiment, "suggesting investors remain willing to look through short-term volatility as long as the earnings outlook continues to justify elevated valuations," Capital.com senior market analyst Daniela Hathorn said. Meanwhile, AI chip heavyweight Nvidia (NVDA) slipped after rival Qualcomm forecast $15 billion in new data center revenue as it heavily broadens beyond smartphones. What else you need to know: Memory has been a major bottleneck in the artificial intelligence trade, with Micron leading the semiconductor complex. Last month, Micron Technology, Samsung Electronics (005930.KS), and SK Hynix (000660.KS) all made headlines as they reached $1 trillion valuations for the first time. Stocks across the semiconductor complex have been driving the overall tech sector (XLK) up 27% year-to-date and a whopping 43% since the March 30 lows. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.