ASML reports Q1 EPS EUR 3.11 vs. EUR 5.21 last year

Reports Q1 revenue EUR 5.29B vs. EUR 7.24B last year. Reports quarterly net bookings in Q1 of EUR 3.6B of which EUR 656M is EUV. “Our first-quarter total net sales came in at EUR 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 EUR 5.7 billion and EUR 6.2 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around EUR 1,070 million and SG&A costs of around EUR 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 CEO Peter Wennink.