ASML Tops Q2 Backed By DUV Revenue, Declares Interim Dividend

ASML Holding NV ASML reported a second-quarter FY23 net sales growth of 27% year-on-year to €6.90 billion ($7.52 billion) above the consensus of $7.51 billion.

The Q2 net bookings were €4.50 billion versus €8.46 billion a year ago. The gross margin increased by 220 bps Y/Y to 51.3%.

GAAP EPS was €4.93 ($5.37) above the consensus of $5.17.

ASML held €6.34 billion in cash and equivalents.

Buybacks & Dividends: An interim dividend of €1.45 per ordinary share will be payable on August 10.

In Q2, ASML purchased around €500 million worth of shares under the 2022-2025 share buyback program.

"Due to strong DUV revenue and despite the increased uncertainties, ASML expects strong growth for 2023 with a net sales increase towards 30% and a slight improvement in gross margin, relative to 2022," said ASML CEO Peter Wennink.

Outlook: ASML expects Q3 net sales of €6.5 billion - €7.0 billion vs. consensus $7.41 billion and a ~50% gross margin.

ASML raised 2023 net sales growth from over 25% Y/Y to 30% Y/Y vs. consensus $29.49 billion.

Price Action: ASML shares traded lower by 1.06% at $749.00 premarket on the last check Wednesday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsEquitiesNewsGuidanceDividendsMarketsTechBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!