ASML Reports €3.3 Billion Net Sales at 48.2% Gross Margin in Q2
ASML
Forward looking statements
This document contains statements that are forward-looking, including statements with respect to expected trends, including trends in end markets
and technology industry and business environment trends, outlook and expected financial results for Q3 2020, including expected revenues, gross
margin and 2020 growth expectations, R&D costs, SG&A costs and estimated annualized effective tax rate for 2020, expected revenue recognition
of certain systems later in 2020, expected benefits and performance of new systems and applications, the expectation that EUV will continue to
enable Moore's law and drive long term value for ASML, statements with respect to plans regarding dividends, including the intention to continue
to return excess cash to shareholders through a combination of share buybacks and growing dividends and statements with respect to the 2020-
2022 share buyback program. You can generally identify these statements by the use of words like "may", "will", "could", "should", "project",
"believe", "anticipate", "expect", "plan", "estimate", "forecast", "potential", "intend", "continue", "target", and variations of these words or comparable
words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our
business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee
future performance and involve risks and uncertainties. These risks and uncertainties include, without limitation, economic conditions; product
demand and semiconductor equipment industry capacity; worldwide demand and manufacturing capacity utilization for semiconductors; the impact
of general economic conditions on consumer confidence and demand for our customers' products; performance of our systems, the duration and
continued or increased severity of the COVID-19 outbreak and measures taken to contain it and other risks related to the impact of COVID-19 on
the global economy and financial markets, as well as on ASML and its customers and suppliers, including their operations, and other risks relating
to COVID-19 and other factors that may impact ASML's sales and gross margin, including customer demand and ASML's ability to obtain supplies
for its products, the success of technology advances and the pace of new product development and customer acceptance of and demand for new
products; the number and timing of systems ordered, shipped and recognized in revenue, and the risk of order cancellation or push out, production
capacity for our systems including delays in system production; our ability to enforce patents and protect intellectual property rights and the
outcome of intellectual property disputes and litigation; availability of raw materials, critical manufacturing equipment and qualified employees;
trade environment; import/export and national security regulations, changes in exchange and tax rates; available liquidity and liquidity
requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend
payments and share repurchases, results of the share repurchase programs and other risks indicated in the risk factors included in ASML's
Annual Report on Form 20-F and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking
statements are made only as of the date of this document. We do not undertake to update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise.
Public
Slide 20
July 15, 2020View entire presentation