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European Semiconductor Stocks Diverge on AI Demand and Earnings Misses
Soitec shares surge on AI-driven photonics demand while STM and Besi decline following weaker-than-expected earnings reports.
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ASML reported strong Q2 earnings with revenue rising 21% to €9.3B, boosting AI sector optimism despite planned price hikes for chipmaking equipment. The company raised its 2026 revenue guidance by €6B due to sustained AI-driven demand, positively impacting firms like Soitec. Conversely, shares of STMicroelectronics and BE Semiconductor Industries fell following weaker near-term performance and high growth expectations.
Soitec shares surge on AI-driven photonics demand while STM and Besi decline following weaker-than-expected earnings reports.
Read the full storyThe semiconductor giant raised its 2026 financial targets by €6B following a strong Q2 performance with net income growing 26%.
ASML's strategic price hikes for chipmaking equipment signal strong AI demand but pose cost challenges for industry peers.