ASML published Q2 figures above market expectations and registered an increase in net bookings. Chinese customers and the memory end-market continued to be in the spotlight during this quarter too, especially given the fact that China represented 24% of sales and 20% of the order backlog, and the share of memory end-market in the net bookings increased by 1000bps. Despite the caution being shown by its customers, ASML has upgraded its FY23 guidance to 30% growth in sales (previously: 25%).