ASML 1Q Profit Fell on Lower Sales, Margin
April 20 2022 - 12:53AM
Dow Jones News
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)
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