ASML Holding EPS beats by €0.03, misses on revenue
Seeking Alpha2021-07-21
- ASML Holding NV: Q2 GAAP EPS of €2.52beats by €0.03.
- Revenue of €4B (+20.1% Y/Y) misses by €120M.
- Q2 net bookings of €8.3 billion
- ASML announces a new share buyback program of up to €9 billion to be executed by December 31, 2023.
- "Our second-quarter net sales came in at €4.0 billion, which is within our guidance. The gross margin came in at 50.9%, above our guidance, which is mainly due to higher revenue in software upgrades as customers want to increase capacity quickly, as well as one-off revenue accounting releases. Our second-quarter net bookings came in at €8.3 billion, including €4.9 billion from EUV systems, bringing the total backlog at €17.5 billion," said ASML President and Chief Executive Officer Peter Wennink.
- Guidance: The company expects third-quarter net sales between €5.2 billion and €5.4 billion with a gross margin between 51% and 52%, R&D costs of around €645 million and SG&A costs of around €180 million. The estimated annualized effective tax rate is expected to be around 15% for 2021.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.