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.
ASML Holding NV (EU:ASML)
Gráfico Histórico do Ativo
De Jun 2022 até Jul 2022 Click aqui para mais gráficos ASML Holding NV.
ASML Holding NV (EU:ASML)
Gráfico Histórico do Ativo
De Jul 2021 até Jul 2022 Click aqui para mais gráficos ASML Holding NV.