ASML prospers as EUV lithography takes off

ASML prospers as EUV lithography takes off

Business news |
By Peter Clarke

The company made a net profit of €466.3 million (about $537 million) on sales revenue of €2.1 billion (about $2.4 billion) and achieve a gross margin of 45.0 percent. The company predicted that its third quarter sales would be at €2.2 billion, also up year-on-year by about 21 percent and that sales for the full year would be approximately €8.5 billion, up 25 percent on the previous year.

The EUV machine orders taken in the second quarter brings the total backlog of EUV machines to 27 systems valued at €2.8 billion and underlining that the adoption of EUV has reached an “inflection point,” the company said.

“With these strong results in the second quarter, ASML is on track to achieving net sales growth of about 25 percent for the full year. This is driven by sales to memory customers, expected to grow about 50 percent from last year especially driven by DRAM, and sales to logic customers that are expected to grow about 15 percent,” said Peter Wennink, CEO of ASML in a statement.

Wennink added:  “Our current view is that the positive business trends that we are seeing in 2017 are likely to continue as we enter 2018.”

ASML, which includes a trust that operates on behalf of Intel Corp. as a significant shareholder with 14.65 percent, said it will resume its 2016-2017 share bare back scheme.

Intel acquired its holding in ASML as part of a customer co-investment program (CCIP) in 2012 which saw Samsung and TSMC also acquire smaller shareholding positions. Samsung and TSMC are not listed as significant shareholders.

Related links and articles:

News articles:

Nikon sues ASML, Carl Zeiss over lithography

Globalfoundries says EUV in production in 2019

Intel buys stake in ASML to boost 450-mm, EUV R&D

TSMC to invest $1.4 billion for 5% in ASML

Samsung to take 3% stake in ASML

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