ASML reports €6.9 billion net sales and €1.9 billion net income in Q2 2023

ASML reports €6.9 billion net sales and €1.9 billion net income in Q2 2023
Incremental DUV revenue drives expected 2023 sales growth towards 30%

VELDHOVEN, the Netherlands, July 19, 2023 – Today ASML Holding NV (ASML) has published its 2023 second-quarter results.

• Q2 net sales of €6.9 billion, gross margin of 51.3%, net income of €1.9 billion
• Quarterly net bookings in Q2 of €4.5 billion² of which €1.6 billion is EUV
• ASML expects Q3 2023 net sales between €6.5 billion and €7.0 billion and a gross margin of around 50%
• ASML expects 2023 net sales growth towards 30% compared to 2022

(Figures in millions of euros unless otherwise indicated)	Q1 2023	Q2 2023
Net sales	6,746	6,902
...of which Installed Base Management sales1	1,404	1,296
New lithography systems sold (units)	96	107
Used lithography systems sold (units)	4	6
Net bookings2	3,752	4,500
Gross profit	3,413	3,544
Gross margin (%)	50.6	51.3
Net income	1,956	1,942
EPS (basic; in euros)	4.96	4.93
End-quarter cash and cash equivalents and short-term investments	6,653	6,346

(1) Installed Base Management sales equals our net service and field option sales
(2) Net bookings include all system sales orders and inflation related adjustments, for which written authorizations have been accepted.

Numbers have been rounded for readers' convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com

CEO statement and outlook
"Our second-quarter net sales came in at €6.9 billion, at the high end of our guidance, with a gross margin of 51.3%, higher than guided, primarily driven by additional DUV immersion revenue in the quarter.