ASML Tops Q2 Backed By DUV Revenue, Declares Interim Dividend
Portfolio Pulse from Anusuya Lahiri
ASML Holding NV reported a 27% YoY increase in Q2 FY23 net sales to $7.52 billion, beating the consensus of $7.51 billion. The company's Q2 net bookings were €4.50 billion, down from €8.46 billion a year ago. ASML declared an interim dividend of €1.45 per share, payable on August 10. The company also purchased around €500 million worth of shares under the 2022-2025 share buyback program. ASML expects strong growth for 2023, with a net sales increase towards 30% and a slight improvement in gross margin.
July 19, 2023 | 10:18 am
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ASML reported strong Q2 FY23 results, beating consensus estimates. The company also declared an interim dividend and purchased shares under its buyback program. However, shares traded lower in premarket.
ASML's strong Q2 results and positive outlook for 2023 indicate a healthy financial position. The declaration of an interim dividend and share buyback program are positive signals for investors. However, despite the positive earnings report, ASML's shares traded lower in premarket, indicating a possible disconnect between the company's performance and market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100