According to the financial report, in the first quarter of 2024, ASML achieved net sales of 5.3 billion euros, gross profit margin of 51.0%, and net profit of 1.2 billion euros.
Specifically, the amount of new orders in the first quarter was 3.6 billion euros, of which 656 million euros were EUV lithography machine orders. ASML expects net sales in the second quarter of 2024 to be between €5.7 billion and €6.2 billion, with gross margins ranging from 50% to 51%, and net sales in 2024 are expected to be basically the same as in 2023.
Cumulative installed management sales are equal to the sum of net service and field option sales.
The order includes all system sales orders and inflation adjustments, all confirmed in writing.
Obviously, due to the decline in demand for its state-of-the-art machines in chip manufacturing, Dutch lithography machine giant ASML's "report card" in Q1 this year failed to meet analysts' expectations.
"Net sales in the first quarter were €5.3 billion, in the middle of the forecast revenue range," said Peter Wennink, president and CEO of ASML; gross profit margin was 51.0%, higher than the expected target. This is mainly due to different product portfolios and non-recurring one-time expenses. â€
In addition, Peter Wennink also said: "ASML expects net sales of 5.7 billion to 6.2 billion euros in the second quarter of 2024, with a gross profit margin of between 50% and 51%. R&D costs are expected to be around EUR 1.07 billion, and sales and management expenses are around EUR 295 million. As the semiconductor industry continues to recover from the downturn, our outlook for the full year of 2024 remains unchanged, and we expect the second half of the year to be stronger than the first half. We see 2024 as a year of adjustment, continuing to invest in capacity enhancement and technological advancements to prepare for the inflection point of the industry's cycle. â€