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Share Name Share Symbol Market Type
ASML Holding NV EU:ASML Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -29.25 -6.14% 447.25 447.00 449.75 469.55 445.70 466.00 843,508 16:40:00

ASML 1Q Profit Fell on Lower Sales, Margin

20/04/2022 6:53am

Dow Jones News


ASML Holding NV (EU:ASML)
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By Jaime Llinares Taboada

 

ASML Holding NV on Wednesday reported that its net income more than halved in the first quarter compared with the previous quarter, although sales were at the higher end of guidance.

The Dutch manufacturer of lithography systems for the semiconductor industry generated net income of 695 million euros ($749.7 million) in the first quarter compared with EUR1.77 billion in the fourth quarter of 2021.

Net sales dropped 29% on quarter to EUR3.53 billion, as new lithography systems sold fell by 13 to 59. In addition, the gross margin shrank to 49.0% from 54.2%.

"Our first-quarter net sales came in at EUR3.5 billion which is at the high end of our guidance," Chief Executive Peter Wennink said.

In the second quarter, ASML expects net sales to bounce back to between EUR5.1 billion and EUR5.3 billion, with a gross margin of between 49% and 50%.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

April 20, 2022 01:38 ET (05:38 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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