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April 17, 2024 12:38 pm GMT
"Our first-quarter total net sales came in at 5.3 billion, at the midpoint of our guidance, with a gross margin of 51.0% which is above guidance, primarily driven by product mix and one-offs. We expect second-quarter total net sales between 5.7 billion and 6.2 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around 1,070 million and SG&A costs of around 295 million. Our outlook for the full year 2024 is unchanged, with the second half of the year expected to be stronger than the first half, in line with the industry's continued recovery from the downturn. We see 2024 as a transition year with continued investments in both capacity ramp and technology, to be ready for the turn in the cycle," said ASML President and Chief Executive Officer Peter Wennink.
Original Link: https://www.techpowerup.com/321637/asml-reports-eur5-3-billion-total-net-sales-and-eur1-2-billion-net-income-in-q1-2024
(PR) ASML reports 5.3 billion total net sales and 1.2 billion net income in Q1 2024
Today, ASML Holding NV (ASML) has published its 2024 first-quarter results.- Q1 total net sales of 5.3 billion, gross margin of 51.0%, net income of 1.2 billion
- Quarterly net bookings in Q1 of 3.6 billion of which 656 million is EUV
- ASML expects Q2 2024 total net sales between 5.7 billion and 6.2 billion, and a gross margin between 50% and 51%
- ASML expects 2024 total net sales to be similar to 2023
"Our first-quarter total net sales came in at 5.3 billion, at the midpoint of our guidance, with a gross margin of 51.0% which is above guidance, primarily driven by product mix and one-offs. We expect second-quarter total net sales between 5.7 billion and 6.2 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around 1,070 million and SG&A costs of around 295 million. Our outlook for the full year 2024 is unchanged, with the second half of the year expected to be stronger than the first half, in line with the industry's continued recovery from the downturn. We see 2024 as a transition year with continued investments in both capacity ramp and technology, to be ready for the turn in the cycle," said ASML President and Chief Executive Officer Peter Wennink.
Original Link: https://www.techpowerup.com/321637/asml-reports-eur5-3-billion-total-net-sales-and-eur1-2-billion-net-income-in-q1-2024
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