$ASML (+1,61%)
🔹 Revenue: €7.74B (Est. €7.75B) 🟡; UP +46% YoY, DOWN -16% QoQ
🔹 Gross Margin: 54.0% (Est. 52.5%) 🟢
🔹 Net Bookings: €3.94B (Est. €4.82B) 🔴; DOWN -44% QoQ, UP +9% YoY
🔸 Tariff announcements have increased uncertainty.
Q2'25 Guidance:
🔹 Revenue: €7.2B–€7.7B (Est. €7.66B) 🟡
🔹 Gross Margin: 50%–53% (Est. 52.3%) 🟡
FY'25 Guidance:
🔹 Revenue: €30B–€35B (Est. €30.96B) 🟢
🔹 Gross Margin: 51%–53% (Est. 52.1%) 🟡
Segment & Product Commentary:
🔸 EUV Revenue: UP +8% QoQ; ASP at €230M
🔸 DUV Revenue: DOWN -39% QoQ
🔸 EUV System Shipments: 14; flat QoQ
🔸 Logic Revenue: DOWN -24% QoQ
🔸 Memory Revenue: Soft; customer TSMC down -5% QoQ
🔸 China Revenue: DOWN -19% QoQ; now 27% of total vs. 49% YoY
Strategic & Capital Updates:
🔸 Quarterly Dividend Raised: €6.40/share (UP +4.9% YoY)
CEO & CFO Commentary:
🔸 “AI continues to be the primary growth driver in the industry.”
🔸 “Conversations with customers support our outlook that 2025 and 2026 will be growth years.”
🔸 “Despite weaker bookings this quarter, our long-term targets for 2025 and 2030 remain intact.”
Tariff & Macro Commentary:
🔸 Tariffs could impact:
1. New system shipments to the U.S.
2. Parts/tools for U.S. field ops
3. Imports into U.S. manufacturing
4. Exports from the U.S. to other countries
🔸 Actively working to mitigate supply chain impacts from tariff uncertainty
🔸 No change in FY25 revenue/gross margin guidance despite geopolitical risks
