ASML edges past analyst estimate for Q3 profit amid chip shortage

AMSTERDAM: ASML Holding NV, a key supplier to computer chip makers, posted slightly better-than-expected quarterly net income of 1.74 billion euros ($2 billion) on Wednesday, amid strong demand for its products and a global semiconductor shortage.

Analysts had forecast a net income of 1.6 billion euros for the third quarter ended Sept. 30, according to Refinitiv data.

Revenue came in at 5.24 billion euros. In the third quarter of 2020, ASML had reported a net income of 1.1 billion euros on revenue of 3.96 billion euros.