ASML reports €6.2billion total net sales and €1.6billion net income in Q2 2024
ASML continues to expect 2024 total net sales to be similar to 2023, supported by a strong second half year
VELDHOVEN, the Netherlands, July 17, 2024–Today, ASML HoldingNV(ASML) has published its 2024second-quarter results.
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- • €5.6billion2of which €2.5billionis EUV
- • total net sales between €6.7 billion and €7.3 billion and a gross margin between 50% and 51%
| (Figures in millions of euros unless otherwise indicated) | Q1 2024 | Q2 2024 |
| Total net sales | 5,290 | 6,243 |
| …of which Installed Base Management sales1 | 1,324 | 1,482 |
| New lithography systems sold (units) | 66 | 89 |
| Used lithography systems sold (units) | 4 | 11 |
| Net bookings2 | 3,611 | 5,567 |
| Gross profit | 2,697 | 3,212 |
| Gross margin (%) | 51.0 | 51.5 |
| Net income | 1,224 | 1,578 |
| EPS (basic; in euros) | 3.11 | 4.01 |
| End-quarter cash and cash equivalents and short-term investments | 5,406 | 5,019 |
CEO statement and outlook
“Our second second-quarter total net sales came in at €6.2 billion, at the high high-end of our guidance, with a gross margin of 51.5% which is above guidance, both primarily driv en by more immersion systems sales. “In line with previous quarters, overall semiconductor inventory levels continue to improve, and we also see further improvement in litho tool utilization levels at both Logic and Memory customers. While there are still uncertainties in the market, primarily driven by the macro environment, we expect industry recovery to continue in the second half of the year.
“We expect third third-quarter total net sales between €6.7 billion and €7.3 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around €1,100 million and SG&A costs of around €295 million. Our outlook for the full year 2024 remains unchanged. We see 2024 as a transition year with continued investments in both capacity ramp and technology. We curr ently see strong developments in AI, driving most of the industry recovery and growth, ahead of other market segments,” said ASML President and Chief Executive Officer Christophe Fouquet.
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Update dividend and share buyback programme
Update dividend and share buyback program An interim. An interim dividend of dividend of €1.52 €1.52 per ordinary share will be made payable on August 7, 2024.per ordinary share will be made payable on August 7, 2024. In the In the second quarter, second quarter, we purchased €96 million worth of we purchased €96 million worth of shares under the current 2022 shares under the current 2022–2025 share buyback program. 2025 share buyback program.
Details of the share buyback program as well as
Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published transactions pursuant thereto, and details of the dividend are published on ASML’s website (on ASML’s website (www.asml.com/investors). www.asml.com/investors).