ASML reports €6.9 billion net sales and €1.9 billion net income in Q2 2023

[TheLostSwede]

Today ASML Holding NV (ASML) has published its 2023 second-quarter results.

• Q2 net sales of €6.9 billion, gross margin of 51.3%, net income of €1.9 billion
• Quarterly net bookings in Q2 of €4.5 billion of which €1.6 billion is EUV
• ASML expects Q3 2023 net sales between €6.5 billion and €7.0 billion and a gross margin of around 50%
• ASML expects 2023 net sales growth towards 30% compared to 2022

CEO statement and outlook
"Our second-quarter net sales came in at €6.9 billion, at the high end of our guidance, with a gross margin of 51.3%, higher than guided, primarily driven by additional DUV immersion revenue in the quarter. "Our customers across different market segments are currently more cautious due to continued macro-economic uncertainties, and therefore expect a later recovery of their markets. Also, the shape of the recovery slope is still unclear. However, our strong backlog of around €38 billion provides us with a good basis to navigate these short-term uncertainties.




"We expect third-quarter net sales between €6.5 billion and €7.0 billion with a gross margin of around 50%. ASML expects R&D costs of around €1.0 billion and SG&A costs of around €285 million. 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 President and Chief Executive Officer Peter Wennink.

Update dividend and share buyback program
An interim dividend of €1.45 per ordinary share will be made payable on August 10, 2023.

In the second quarter we purchased around €500 million worth of shares under the current 2022-2025 share buyback program.

Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML's website

View at TechPowerUp Main Site | Source

 

[john_]

ASML should have been a Greek company. Governments here would have driven it to bankruptcy in less than 5 years if not faster.

Spoiler

 

[bug]

ASML should have been a Greek company. Governments here would have driven it to bankruptcy in less than 5 years if not faster.

Spoiler

You figure we'd have chips made out of feta? Frozen yoghurt? Olive oil? (Can't wait to visit again, but my booking is in September.)

 

[john_]

You figure we'd have chips made out of feta? Frozen yoghurt? Olive oil? (Can't wait to visit again, but my booking is in September.)

Hope it is feta and not white cheese. There are some here who put white cheese instead of feta because it is cheaper(half price). Most people wouldn't realize the difference.

Still warm in September, warm seas, much less crowded, more realistic rending pricing. You can find nice rooms at low cost.

 

[bug]

Hope it is feta and not white cheese. There are some here who put white cheese instead of feta because it is cheaper(half price). Most people wouldn't realize the difference.

I probably wouldn't either. As long as it tastes good (and it's not made of crap), I'm good. I'm not fussy.

Still warm in September, warm seas, much less crowded, more realistic rending pricing. You can find nice rooms at low cost.

This time it's Crete. Haven't been there before, I hope it's not too hot in September still.

 

[Wirko]

ASML should have been a Greek company. Governments here would have driven it to bankruptcy in less than 5 years if not faster.

Spoiler

Maybe they will come when nanometer shrinking is finally exhausted. Dutch/Belgian wafers look like plain boring silicon wafers, but Greek wafers closely resemble nanotubes!

 

[Tek-Check]

Impressive results.

I probably wouldn't either. As long as it tastes good (and it's not made of crap), I'm good. I'm not fussy.

This time it's Crete. Haven't been there before, I hope it's not too hot in September still.

You never know. Many islands and forests are on fire now, with massively disruptive heatwave up to 45 degrees.

 

[bonehead123]

• Q2 net sales of €6.9 billion, gross margin of 51.3%, net income of €1.9 billion
• Quarterly net bookings in Q2 of €4.5 billion of which €1.6 billion is EUV
• ASML expects Q3 2023 net sales between €6.5 billion and €7.0 billion and a gross margin of around 50%
• ASML expects 2023 net sales growth towards 30% compared to 2022

That's all, like wtf ???

Seeins how they are THE biggest/only playa in their field, I would have expected much larger numbers, even after deducting their execs bonuses/learjets/beach houses etc.....

 

[bug]

That's all, like wtf ???

Seeins how they are THE biggest/only playa in their field, I would have expected much larger numbers, even after deducting their execs bonuses/learjets/beach houses etc.....

They can't sell to China anymore

 

[john_]

This time it's Crete. Haven't been there before, I hope it's not too hot in September still.

It will be fine, probably high 20s Celsius.

You never know. Many islands and forests are on fire now, with massively disruptive heatwave up to 45 degrees.

We have fires in the summer, in June and July mostly. After mid August they stop. Crete is a big island but still an island in the middle of the Mediterranean. So, plenty of cool air and more calm climate thanks to the fact that every part of the island is close to sea.

Seeins how they are THE biggest/only playa in their field, I would have expected much larger numbers, even after deducting their execs bonuses/learjets/beach houses etc.....

No China sales.