ASML shares jumped 4.29% as Q3 net sales better than expected.
ASML's third-quarter net profit was 1.7 billion euros ($1.7 billion), on sales of 5.8 billion euros, beating analyst forecasts of profit of 1.42 billion euros, on sales of 5.41 billion euros.
By comparison in the second quarter of 2022, ASML had income of 1.70 billion euros on sales of 5.78 billion euros.
Earnings Highlight
- ASML Holding press release Q3 GAAP EPS of €4.29.
- Revenue of €5.8B (+10.7% Y/Y) beats by €410M.
- Gross margin of 51.8%.
- Record quarterly net bookings in Q3 of €8.9B.
- ASML expects Q4 2022 net sales between €6.1B and €6.6B vs. €4.98B in Q4 2021 and a gross margin around 49%.
- Expected sales for the full year €21.1B at the midpoint of the Q4 guidance.
- The value of fast shipments in 2022 leading to delayed revenue recognition into 2023 is expected to be around €2.2B.
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