Jul 21, 2021 / 05:00AM GMT
Unidentified Participant -
Mr. Wennink, can you give us a summary of the Q2 results?
Peter T. F. M. Wennink - ASML Holding N.V. - Chairman of the Management Board, President & CEO
Yes. Our Q2 results were very good. And as we indicated last quarter, we ended the second quarter with a sales number of EUR 4 billion, where we have to remind ourselves that, that EUR 4 billion may look a bit low as compared to the first quarter and a bit low as compared to our guidance for the third quarter. And we need to remember that in the second quarter we shipped a number of machines without what we call a factory acceptance test. So basically the revenue falls in the next quarter for revenue recognition purposes. It's about a EUR 300 million shift, yes, from Q2 to Q3, but it was a good quarter.
And gross margin, 50.9%, is above guidance. It was driven largely by we're selling more software upgrades. I mean customers are looking for more productivity, but also there's a onetime release of some deferred revenue, which was an accounting release.
So installed based
Q2 2021 ASML Holding NV Earnings Interview with CEO (Pre-Recorded) Transcript
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