Q2 2024 ASML Holding NV Earnings Interview with CEO (Pre-Recorded) Transcript

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Jul 17, 2024

Jul 17, 2024 / 05:00AM GMT
Christophe Fouquet - ASML Holding NV - President, Chief Executive Officer, Member of the Management Board

Hello, everyone. We published our Q2 results today, and I would like to take the opportunity to discuss this with you in more detail. Q2 2024 was a good quarter, our second quarter sales are just over EUR6.2 billion. That's at the high end of our guidance, primarily driven by more immersion system sales. Our Installed Base Management came in at EUR1.48 billion. This is slightly higher than guided, driven by increased service revenue.

Our gross margin for Q2 is 51.5% above our guidance. This is primarily driven by the product mix, more immersion systems. Net income for the quarter was EUR1.6 billion. Our net bookings came in at EUR5.6 billion, of which EUR2.5 billion in EUV system. At the end of Q2, ASML had a backlog of around EUR39 billion.

Now I will talk about the outlook for the third quarter and the full year, and I will give you our guidance for Q3. In Q3, we expect total net sales to be between EUR6.7 billion and EUR7.3 billion. We expect our Q3 Installed Base Management

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