(Bloomberg) -- ASML Holding NV, a crucial supplier to Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co, beat analysts expectations for the third quarter and insisted 2020 will be a “growth year.”

The Dutch company, which produces extreme ultraviolet lithography equipment, expects revenue in the period to be 3.6 billion euros ($4.1 billion) to 3.8 billion euros, with a gross margin of 47% to 48%, it said in a statement on Wednesday. Analysts expected sales of 3.42 billion euros and a gross margin of 48.1%.

Key Takeaways

• “Our operational capabilities are largely back to normal now, but we will remain vigilant as COVID-19 is not yet behind us,” said Chief Executive Officer Peter Wennink.
• Second-quarter bookings came in at 1.1 billion euros, including 461 million euros from EUV systems.

Know More

• ASML holds a de facto monopoly equipment needed to make next-generation chips -- without which customers like Intel Corp., Samsung and TSMC won’t be able to continue to make their products faster, cheaper and more power efficient.
• An important player in the global technology supply chain, ASML itself relies on 5,000 suppliers, 790 of which provide materials and equipment that are used directly to produce their systems.

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