ASML 1Q Sales Fall 18%; In Line With Guidance; 2Q Seen as Better

   By Ian Walker 
 

Dutch semiconductor-equipment maker ASML Holding N.V. (ASML.AE) on Wednesday said first-quarter net sales fell 18%, in line with expectations, and added that it expects net sales for the second quarter to be higher.

The company, whose customers include large chip makers such as Intel Corp. (INTC) and Samsung Electronics Co. (005930.SE), added that second quarter gross margin is expected to be about 42%, compared with 42.6% in the first quarter.

Net sales for the quarter fell to 1.33 billion euros ($1.51 million) from EUR1.65 billion a year earlier. Net income fell to EUR230.8 million from EUR470.0 million.

At the time of its full-year earnings in January, the company said it expected sales for the first quarter to be around EUR1.3 billion, and then they would rise in the second quarter. Sales in the second quarter are expected to rise to EUR1.7 billion.

The lower sales guidance was in part because its foundry customers had become slightly more cautious with their investment plans.

-Write to Ian Walker at [e-mail]; @IanWalk40289749

(END) Dow Jones Newswires

April 20, 2016 01:55 ET (05:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.