ASML Holding NV, the Dutch manufacturer of lithography systems for the semiconductor industry, announced its second quarter financial results. Despite a slight decrease in net income compared to the previous quarter, the company achieved growth in net sales and gross margin, leading to an upward revision of its full-year net sales guidance.
- Net income for the second quarter stood at 1.94 billion euros ($2.18 billion), slightly lower than the first quarter’s figure of EUR1.96 billion.
- Net sales improved to EUR6.90 billion, exceeding the previous quarter’s EUR6.75 billion. The result was within the company’s expected range of EUR6.5 billion to EUR7.0 billion.
- The gross margin rose to 51.3% from 50.6%, surpassing the projected margin of 50%. The increase was primarily attributed to higher revenue from deep ultraviolet technology.
ASML reported net bookings of EUR4.50 billion for the second quarter, a notable increase compared to EUR3.75 billion in the previous period.
Strong Growth Outlook
ASML Holding NV expressed confidence in its future growth prospects, expecting a substantial increase in net sales for the year 2023. The company aims for a growth rate of approximately 30% compared to the previous year, surpassing its earlier guidance of over 25% growth.
Interim Dividend Declared
To reward its shareholders, the company’s board declared an interim dividend of EUR1.45 per share.
Chief Executive Peter Wennink acknowledged the cautious approach adopted by customers across various market segments due to macroeconomic uncertainties, coupled with an unclear recovery pattern. However, he emphasized that ASML stands well-prepared to navigate these short-term uncertainties, thanks to its robust backlog amounting to approximately EUR38 billion.