- The Dutch semiconductor equipment company ASML Holding (NASDAQ:ASML) has initiated Q2 and reaffirmed its FY24 outlook and reported Q1 results.
- Q1 GAAP EPS of €3.11.
- Revenue of €5.3B (-20.9% Y/Y).
- Quarterly net bookings in Q1 were €3.6 billion, of which €656 million was EUV.
- Outlook: ASML expects Q2 2024 total net sales between €5.7 billion and €6.2 billion and a gross margin between 50% and 51%.
- ASML expects 2024 total net sales to be similar to 2023.
- "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," ASML CEO Peter Wennink said in a statement.
"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," he noted.
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