Increase in ASML’s profits in the second quarter; But lowers fiscal year revenue growth outlook – Quick Facts

(RTTNews) – Dutch semiconductor equipment maker ASML Holding NV (ASML) said its second-quarter net profit rose to 1.41 billion euros or 3.54 euros per share from 1.04 billion euros or 2.52 euros per share in the same quarter last year.

Total revenue for the second quarter reached 5.43 billion euros compared to 4.02 billion euros last year.

ASML expects third quarter net sales to be between €5.1 billion and €5.4 billion with a gross margin between 49% and 50%.

For the full year, the company now expects revenue growth of around 10%. The growth is weaker than previously due to an increase in the number of fast shipments expected for the rest of 2022, whose revenues will be carried over to 2023 for an amount of approximately 2.8 billion euros. The company said in April that it expects annual revenue growth of around 20%.

ASML announced on Wednesday that it has revised its dividend policy to provide for dividend payments on a quarterly basis, starting with an interim dividend of 1.37 euros per ordinary share which will be paid on August 12, 2022.

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