ASML Posts 9.8 Trillion KRW in Net Sales for Q2 Despite Semiconductor Downturn

ASML, a leading semiconductor lithography equipment company from the Netherlands, announced on the 19th that it achieved net sales of 6.9 billion euros (approximately 9.8 trillion KRW) and a gross profit margin of 51.3% in the second quarter of this year.

Leading semiconductor lithography equipment company ASML of the Netherlands CEO Peter Wennink [Image source=Yonhap News]

The net profit for the period was 1.9 billion euros (2.7 trillion KRW), and the second quarter order backlog recorded 4.5 billion euros, including 1.6 billion euros from EUV (Extreme Ultraviolet) systems. The net sales forecast for the third quarter is between 6.5 billion and 7.0 billion euros. The annual net sales growth rate is expected to reach 30% compared to the previous year.

Peter Wennink, CEO of ASML, stated, "Due to additional DUV (Deep Ultraviolet) sales, ASML's second quarter net sales reached the upper end of the forecast at 6.9 billion euros, and the gross profit margin exceeded expectations at 51.3%."

He added, "Our customers, spread across various markets, are maintaining a cautious stance amid ongoing macroeconomic uncertainties, and we expect the market recovery to be somewhat delayed with the shape of the recovery curve remaining unclear. However, ASML is confident that it can smoothly navigate these short-term uncertainties based on a backlog of approximately 38 billion euros."

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