Photolithography machine manufacturer ASML releases its latest financial report

On April 17th local time, ASML, a major lithography machine manufacturer, released its financial report showing that its first quarter sales were 5.3 billion euros, with a gross profit margin of 51.0% and a net profit of 1.2 billion euros. The newly added orders for the first quarter amounted to 3.6 billion euros, of which 656 million euros were orders for EUV lithography machines.

ASML expects net sales in the second quarter of 2024 to be between 5.7 billion euros and 6.2 billion euros, with a gross profit margin between 50% and 51%. Net sales in 2024 will be basically the same as in 2023.

ASML President and CEO Peter Wennink stated that the company's first quarter sales were 5.3 billion euros, in the middle of its projected revenue range, with a gross profit margin of 51.0%, higher than expected, mainly due to different product combinations and non recurring one-time expenses.

Peter Wennink expects net sales in the second quarter to be between 5.7 billion euros and 6.2 billion euros, with a gross profit margin between 50% and 51%. And it is expected that the R&D cost will be approximately 1.07 billion euros, and the SG&A (sales, general and administrative expenses) cost will be approximately 295 million euros.

Peter Wennink stated that as the semiconductor industry continues to recover from its downturn, the company's outlook for the full year of 2024 remains unchanged, and it is expected that the performance in the second half of the year will be stronger than in the first half. The company regards 2024 as an adjustment year and will continue to invest in capacity improvement and technology to prepare for the industry's cyclical turning point.