ASML Holdings (NASDAQ: ASML) reported Q2 EPS of EUR3.54, EUR0.15 worse than the analyst estimate of EUR3.69. Revenue for the quarter came in at EUR5.43 billion versus the consensus estimate of EUR5.65 billion.

GUIDANCE:

ASML Holdings sees Q3 2022 revenue of EUR5.1-5.4 billion.

• "ASML expects third-quarter net sales between €5.1 billion and €5.4 billion with a gross margin between 49% and 50%. ASML expects R&D costs of around €810 million and SG&A costs of around €235 million. For the full year, we expect a revenue growth of around 10%. This growth is lower than previously guided as a result of an increase in the number of fast shipments expected in the remainder of 2022, the revenue for which will be delayed into 2023 at an amount of around €2.8 billion. With the combination of this delayed revenue recognition, the extra costs related to the planned increase in output capacity and certain inflationary trends, we expect the full year 2022 gross margin to be between 49% and 50%," said ASML President and Chief Executive Officer Peter Wennink

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