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Analyst
Didier Scemama
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q2 (7 quarters; questions recorded in 4).
- Questions
- 7on tracked calls
- Challenge rate
- 29%2 of 7 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 4with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 7 of 7 questions from 1 company
ASMLASML Holding7 questions · 4 reporting periods · 2 of 7 challenging
Calendar 2026 Q2
I'm trying to understand if your ASPs are going higher in Q3, Q4, because of your Holistic Lithography attach rate
Show response
Roger walked through H2 drivers: better EUV ASP mix, much higher immersion, and installed base growth over 30%, implying about 56% second-half gross margin.
Calendar 2025 Q2
I was a bit surprised to hear or read that you would see the removal of the export ban on AI chips to China as a positive. Maybe can you elaborate a little bit on that?
Show response
Roger framed the H20 and chip design software restriction lifts as positives for the global semiconductor ecosystem even if they do not translate into meaningful incremental ASML tool sales.
How much of that do you think is potentially related to pulling ahead of further restrictions on certain of your Foundry, Logic or Memory customers into next year?
Show response
Roger said the dynamic has not changed, China demand remains healthy and is converging with China's backlog proportion of just over 25%, not the result of a pull-forward.
Calendar 2025 Q1
if you look at the blended ASPs of your Low NA EUV, I think it came in at about EUR230 million. If I do the math correctly, also on your gross margin, it looks like your EUV gross margins were at a...
Show response
Roger confirmed the ~€227M blended ASP but said ~€220M is a better forward-looking modeling assumption, and reconfirmed Low NA gross margin is clearly above the corporate average without disclosing the exact figure.
from the previous guide of the low 20% of group revenues, you think China is going to be a bit above 25%. So can you talk about what's changed there?
Show response
Roger framed the couple-hundred-million upward shift as normal dynamics and attributed it to resilient mainstream-node demand for domestic consumption and China exports, a touch better than expected three to six months ago.
Calendar 2024 Q4
On High NA, just maybe give us a little bit of insight into that third shipment. Is that for a North American customer or is that also for maybe a Taiwanese or Korean customer?
Show response
Roger confirmed the third High NA shipment is not going to the North American customer but declined to name the recipient.
Can you maybe just help us understand how much of the DUV orders was related to the EUV capacity build for the noncritical layers is in non-China or any color you can give us?
Show response
Roger confirmed a significant share of Q4 DUV intake came from large non-China logic customers buying non-critical-layer capacity but refused to quantify the split.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| ASML ASML Holding | 7 | 29%2 of 7 questions |
- ASMLASML Holding · 7 questions29%2 of 7 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 2 | 0%none of 2 questions | 1 |
| 2025 Q1 | 2 | 0%none of 2 questions | 1 |
| 2025 Q2 | 2 | 100%2 of 2 questions | 1 |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | No questions recorded | — | — |
| 2026 Q1 | No questions recorded | — | — |
| 2026 Q2 | 1 | 0%none of 1 question | 1 |
- 2024 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q22 questions · challenge rate 100% (2 of 2 questions) · 1 company
- 2025 Q3No questions recorded
- 2025 Q4No questions recorded
- 2026 Q1No questions recorded
- 2026 Q21 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Regulation Policy3
- Demand3
- Margin2
- Revenue Growth2
- Pricing1
- Trade Tariffs1
- Product Launch1