ASML beats Q2 top and bottom line estimates, raises FY23 outlook
Dzmitry Dzemidovich

Dutch semiconductor equipment company ASML Holding (NASDAQ:ASML) has raised its FY23 outlook and reported Q2 results that beat consensus estimates.
Q2 GAAP EPS of â¬4.93.
Net profit was up 35% from a year ago to â¬1.9 billion, beating average analyst expectations of â¬1.82 billion, according to Refinitiv data.
Revenue of â¬6.9 billion (+27.8% Y/Y), beating average analyst expectations of â¬6.74 billion, according to Refinitiv data.
Reported gross margin of 51.3%.
Quarterly net bookings in Q2 of â¬4.5 billion of which â¬1.6 billion is EUV.

Outlook: ASML expects Q3 2023 net sales between â¬6.5 billion and â¬7.0 billion and a gross margin of around 50%.
ASML expects 2023 net sales growth towards 30% compared to 2022 vs. prior guidance of growth over 25%.

Editor's note: The revised post updates Q2 estimates.