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.
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