ASML Clocks 10% Net Sales Growth Aided By Strong Net Bookings

ASML Holding NV ASML reported a third-quarter FY22 net sales growth of 10.2% year-on-year to €5.78 billion.
The Q3 net bookings were €8.9 billion versus €6.2 billion a year ago.
The gross margin expanded by 10 bps Y/Y to 51.8%.
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GAAP EPS was €4.29 versus €4.27 a year earlier.
ASML held €3.4 billion in cash and equivalents.
Buybacks & Dividends: In Q3, ASML bought €1.0 billion shares under the current 2021-2023 share buyback program.
ASML will pay an interim dividend of €1.37 per ordinary share.
Outlook: ASML sees Q4 net sales of €6.1 billion - €6.6 billion and a 49% gross margin.
ASML saw FY22 revenue of €21.1 billion with a gross margin approaching 50%.
ASML's Supervisory Board intends to appoint Wayne Allan as a member of the Board of Management in the position of EVP and Chief Strategic Sourcing & Procurement Officer. The appointment will be subject to notification of the General Meeting on April 26, 2023.
Allan joined ASML in November 2018 as EVP of Customer Support.
Price Action: ASML shares closed higher by 1.73% at $398.99 on Tuesday.

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