ASML Suppliers, Customers May Move After Its Earnings Report
- Key suppliers’ average one-day move greater than sector index
- ASML scheduled to report earnings July 18 before market open
Photographer: Simon Dawson/Bloomberg
When ASML Holding NV reports second-quarter earnings tomorrow morning, investors and companies up and down the semiconductor supply chain will be keeping a watchful eye. One of the first companies in the sector to report, ASML may see some short-term volatility amid weaker-than-expected smartphone demands.
MKS Instruments Inc. and Brooks Automation Inc. are two suppliers that earn more than 25 percent of their revenue selling products to ASML and other semiconductor equipment makers, according to Bloomberg Supply Chain data. Both experience added share movement the day after ASML reports earnings, about 2.1 percent and 2.3 percent respectively since 2016. That’s greater than the S&P 600 Information Technology Sector Index’s average one-day change of 0.7 percent.