April 17, 2024 - $ASML Holding (ASML.US)$ shares decreased 4.34% to $934.5 in pre-market trading on Wednesday.
ASML, the largest equipment supplier to computer chip makers, reported its 2024 first-quarter results today.
2024 First-quarter Earnings Highlights
Q1 net sales of 5.29 billion euros decreased by 21.6% year-over-year；
Q1 net income of 1.22 billion euros declined by 37.4% year-over-year；
Q1 Earnings per share (basic) of 3.11 euros decreased by 37.3% year-over-year；
Net bookings decreased to 3.61 billion euros from 3.75 billion euros a year earlier.
2024 Second-quarter and Full-year Outlook
ASML sees Q2 total net sales between €5.7 billion and €6.2 billion, and a gross margin between 50% and 51%;
ASML sees full-year total net sales to be similar to 2023.
ASML President and Chief Executive Officer Peter Wennink Said:
We expect second-quarter total net sales between €5.7 billion and €6.2 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around €1,070 million and SG&A costs of around €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.
Share Buyback Program
In the first quarter, ASML bought back approximately €400 million of its shares under the share buyback program for the period 2022-2025.
