ASML - Coast is clear?

In light of better results, stock prices have shown up trend.

But what are the key points and potential pitfalls if any?

Previously a concern highlighting sales disruption due to restrictions on certain regulations might affect sales growth.

This might have no effect or little effect on the current Q2'23 results.

Revenue is up 2.31% from the preceding quarter, while the gross margin is up 70 bps.

CEO Peter Wennick says that even though Q2'23 results came in at the high end of their guidance, customers across different market segments are more cautious due to the continued macroeconomic uncertainties.

Q3 sales will be between EUR 6.5 billion and EUR 7 billion, while gross margin will be around 50%.

If we zoomed out and look at the sales trend, it is no doubt that sales for some regions in Q2'23 have slowed down.

With the recent export controls coming in effective on 1st September, what would the results be by then?

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