ASML Holding beats Q1 top and bottom line estimates; initiates Q2 and reaffirms FY23 outlook
ASML Holding press release  (NASDAQ:ASML): Q1  GAAP EPS ofÂ â¬4.96  beats by â¬0.80.
Revenue ofÂ â¬6.7B (+91.4% Y/Y)  beats by â¬360M.
Gross margin of 50.6%, net income of â¬2.0B.
Quarterly net bookings in Q1 of â¬3.8BÂ of which â¬1.6B is EUV.

Outlook:Â ASML expects Q2 2023 net sales between â¬6.5 billion and â¬7.0 billion and a gross margin between 50% and 51%.
ASML expects R&D costs of around â¬990 million and SG&A costs of around â¬275 million.
ASML expects 2023 net sales to grow over 25% compared to 2022.