ASML Holding NV (NASDAQ: ASML), a semiconductor equipment maker, disclosed better-than-expected first-quarter earnings results Wednesday. Bookings remain strong as customers strive to increase capacity amid the global semiconductor shortage, according to the company.
The company reported earnings of USD1.73 per share, compared to the expected USD1.68 a share. Meanwhile, revenue amounted to USD3.53 Billion, higher than analysts anticipated USD3.48 Billion.
“We continue to see that the demand for our systems is higher than our current production capacity. We accommodate our customers through offering high-productivity upgrades and reducing cycle time in our factories, and we continue to offer a fast shipment process. In addition, we are actively working to significantly expand capacity together with our supply chain partners. In light of the demand and our plans to increase capacity, we expect to revisit our scenarios for 2025 and growth opportunities beyond. We plan to communicate updates in the second half of the year,” said ASML President and Chief Executive Officer Peter Wennink.
“ASML expects second-quarter net sales between €5.1 billion and €5.3 billion with a gross margin between 49% and 50%. ASML expects R&D costs of around €790 million and SG&A costs of around €220 million. For the full year, we continue to expect a revenue growth of around 20%,” Wennink continued.
The company is a key maker of lithography systems, as its machines are used to produce the majority of computer chips.
“We are working very, very hard to navigate all the supply chain issues that everyone is dealing with,” chief financial officer Roger Dassen said in a statement.