ASML Holding N.V. Q2 FY2023 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview
  • Net sales reached €6.9 billion, at the high end of guidance and above Q1 2023 sales (€6.7 billion).
  • Gross margin was 51.3%, above guidance and slightly higher than Q1 (50.6%).
  • Net income totaled €1.9 billion, with EPS of €4.93 (up from €4.21 in Q1).
  • 13 EUV systems shipped; 12 systems recognized for €2 billion in revenue.
  • Net system sales were €5.6 billion: 84% Logic, 16% Memory.
  • Installed Base Management revenue was €1.3 billion, in line with expectations.
  • Order bookings totaled €4.5 billion (up from €3.8 billion in Q1), with €1.6 billion EUV and €2.9 billion non-EUV.
  • Backlog remains strong at €38 billion.
Balance Sheet and Capital Return
  • Cash and equivalents: €6.3 billion.
  • ASML repurchased 0.8 million shares for €500 million in Q2.
  • Interim dividend declared at €1.45 per share, payable August 10.
Business and Market Commentary
  • Semiconductor market remains uncertain due to high inventories, low fab utilization, macro headwinds, and export controls.
  • Logic utilization showing early signs of improvement; Memory remains depressed.
  • EUV demand shifted due to fab readiness delays and minor supply chain issues.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Good day, and thank you for standing by. Welcome to the ASML 2023 Second Quarter Financial Results Conference Call on July 19, 2023. At this time, all participants are in a listen-only mode. After the speakers' introduction, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to turn the conference call over to Mr. Skip Miller. Please go ahead. Skip Miller: Thank you, operator. Welcome, everyone. This is Skip Miller, Vice President, Investor Relations at ASML. Joining me today on the call are ASML's CEO, Peter Wennink, and our CFO, Roger Dassen. The subject of today's call is ASML's 2023 second quarter results. The length of this call will be 60 minutes and questions will be taken in the order that they are received. The call is also being broadcast live over the Internet at asml.com. The transcript of management's opening remarks and a replay of the call will be available on our website shortly following the conclusion of this call. Before we begin, I'd like to caution listeners that comments made by management during this conference call will include forward-looking statements within the meaning of the Federal Securities laws. These forward-looking statements involve material risks and uncertainties. For a discussion of risk factors, I encourage you to review the Safe Harbor statement contained in today's press release and presentation found on our website at asml.com an

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional