ASML Holding (NASDAQ:ASML) lost ground in early morning trading after the company reported net bookings for the first quarter were down 46% year-over-year on “mixed signals” from customers as they work through inventory. The shares fell despite ASML reporting an earnings beat for the quarter.
The company’s revenue of €6.7B (+91.4% Y/Y) beats by €360M.
Gross margin of 50.6%, net income of €2.0B.
Quarterly net bookings in Q1 of €3.8B of which €1.6B is EUV.
ASML expects Q2 2023 net sales between €6.5 billion and €7.0 billion and a gross margin between 50% and 51%.
ASML expects R&D costs of around €990 million and SG&A costs of around €275 million.
ASML expects 2023 net sales to grow over 25% compared to 2022.
In the first quarter, the company purchased around €400 million worth of shares under the current 2022-2025 program.
ASML intends to declare a total dividend for the year 2022 of €5.80 per ordinary share, which is a 5.5% increase compared to 2021.
Recognizing the three interim dividends of €1.37 per ordinary share each paid in 2022 and 2023, this leads to a final dividend proposal to the Annual General Meeting of €1.69 per ordinary share.
ASML plummeted $22.52, or 3.5%, to $620.81.
