Signalling confidence in a prolonged recovery of the semiconductor industry
ASML, a lithography systems provider for the semiconductor industry, has reported a net sales of €742m in the first quarter of 2010 as compared to net sales of €184m in the same quarter previous year. The company has also recorded net sales of €581m in the fourth quarter of 2009.
The company’s net sales of €742m included 23 new and 11 used systems, totalling net system sales of €632m, and net service and field options sales of €110m.
Also, the fourth quarter of 2009 net sales included the shipment of 19 new and six used machines, totaling €432m, and net service and field options sales of €149m.
Eric Meurice, president and chief executive officer of ASML, said: “Our first quarter 2010 sales rose to above €740m and bookings came in at €1bn, in line with our expectations and adding confidence in a prolonged recovery of the semiconductor industry.
The company has also reported a net income of €107m, which 14.5% of net sales, while it has registered net income of €50m or 8.7% of net sales in the fourth quarter of 2009.
According to the company, Q1 2010 net bookings valued at €1,004m with 50 systems including 33 new and 17 used systems, leading to an order backlog valued at €2.17bn as of March 28, 2010.
Meurice said: “We expect a similar level of bookings in the second quarter, confirming the semiconductor industry executing on its upturn cycle.
“We expect this cycle to be sustained by the normal technology transitions of the early adopters, the subsequent technology conversions by second tier DRAM makers, the next Flash memory upgrade cycle anticipated for the second half of 2010, as well as Foundry’s structural capacity build at advanced nodes.
ASML expects net sales of around € 1 billion in second quarter of 2010, € 50 m higher than the last quarter of 2009 results, and 42 percent gross margin in second quarter of 2010.