FX.co ★ ASML Q2 Results Down; Issues Q3 View, Backs FY24 Outlook

ASML Holding N.V., the Dutch semiconductor equipment manufacturer, announced a decrease in its net income for the second quarter, reporting 1.58 billion euros compared to 1.94 billion euros in the previous year.

Net income per ordinary share also declined to 4.01 euros from last year's 4.93 euros.

Total net sales amounted to 6.24 billion euros, down from 6.90 billion euros in the same period last year.

The company sold 100 lithography systems this quarter, a drop from 113 units a year ago. Nevertheless, the value of booked systems increased to 5.57 billion euros, up from 4.50 billion euros last year.

Additionally, ASML announced an interim dividend of 1.52 euros per ordinary share, which will be payable on August 7.

Looking ahead to the third quarter, ASML projects total net sales to range between 6.7 billion euros and 7.3 billion euros, with a gross margin between 50 percent and 51 percent.

For fiscal year 2024, ASML maintains its expectation that total net sales will be similar to those in 2023, bolstered by a robust second half.

Christophe Fouquet, ASML's President and CEO, stated, "Our outlook for the full year 2024 remains unchanged. We see 2024 as a transition year with continued investments in both capacity ramp and technology. We currently see strong developments in AI driving most of the industry recovery and growth, ahead of other market segments."