00:00ASML, Europe's most valuable company, coming out with blowout earnings.
00:05And yet they are cutting jobs.
00:07So what's the story?
00:08Let's get you the details in terms of the story.
00:10For the fourth quarter, 16 billion U.S. dollars, almost.
00:13That is double the S.
00:15The forward guidance through 2026, they see sales potentially of 47 billion.
00:20U.S. dollars above the estimates.
00:22They're seeing massive demand for that.
00:25AI chip making equipment.
00:26They have a monopoly when it comes to the most sophisticated cutting edge.
00:30Kit that goes into the AI chip factories or the foundries, the TSMC's.
00:35Intel, the Samsungs, who are all building out massive capacity to meet the demand.
00:40of the hyperscalers, the Alphabet, Microsoft and Amazon.
00:43So the jobs question.
00:45This is a company that has seen a 40% yield.
00:50year-to-date increase in their stock price.
00:52So why are they trimming headcount?
00:54The CEO telling us.
00:55They need to be more agile.
00:57Most of the job cuts will come through in the Netherlands and the U.S.
01:00They're going to be combining and merging the IT and the tech units at the business.
01:05They want to be efficient, they want to be agile, even as the demand for their AI
01:10chip making equipment continues, at least in the short to medium term, with a very positive
01:15outlet.
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