Asml Holding N.V. (ASML)

[abrooklyn]

ASML 2Q Net Income Slipped on Quarter; Raises Full-Year Sales Guidance

Source: Dow Jones News
By Joe Hoppe


ASML Holding NV said Wednesday that second-quarter net income slipped slightly on quarter, though net sales and gross margin rose and it lifted its full-year net sales guidance.

The Dutch manufacturer of lithography systems for the semiconductor industry said net income for the period was 1.94 billion euros ($2.18 billion) compared with EUR1.96 billion in the first quarter of 2023.

Net sales for the second quarter were EUR6.90 billion compared with EUR6.75 billion in the previous quarter, at the high end of guidance of between EUR6.5 billion and EUR7.0 billion. The gross margin rose to 51.3% from 50.6%, exceeding guidance of 50%. The company said this was primarily driven by more revenue for deep ultraviolet over the quarter.

Net bookings for the quarter were EUR4.50 billion compared with EUR3.75 billion.

The company said it expects strong growth for 2023, with a net sales increase toward 30% on-year. It had previously guided for 2023 net sales to grow by more than 25% from 2022.

The board declared an interim dividend of EUR1.45 a share.

Customers across different market segments are more cautious due to macroeconomic uncertainties, and the shape of recovery is still unclear, Chief Executive Peter Wennink said.

"However, our strong backlog of around EUR38 billion provides us with a good basis to navigate these short-term uncertainties," Wennink said.


Write to Joe Hoppe at [e-mail]


(END) Dow Jones Newswires

July 19, 2023 01:37 ET (05:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.