ASML Holding NV (ASML) reported strong first-quarter results for 2024 on April 17, with total net sales of €5.3 billion and a net income of €1.2 billion. The company's gross margin stood at 51.0%, and it saw quarterly net bookings of €3.6 billion, of which €656 million was for Extreme Ultraviolet (EUV) systems. The Q1 performance was in line with the company's guidance, and the outlook for 2024 remains unchanged, with expectations of similar total net sales to 2023. ASML anticipates Q2 2024 total net sales to be between €5.7 billion and €6.2 billion with a gross margin between 50% and 51%. The company also expects the second half of the year to be stronger, reflecting the semiconductor industry's recovery. ASML's CEO Peter Wennink highlighted 2024 as a transition year with continued...Show More

ASML Holding NV (ASML) reported strong first-quarter results for 2024 on April 17, with total net sales of €5.3 billion and a net income of €1.2 billion. The company's gross margin stood at 51.0%, and it saw quarterly net bookings of €3.6 billion, of which €656 million was for Extreme Ultraviolet (EUV) systems. The Q1 performance was in line with the company's guidance, and the outlook for 2024 remains unchanged, with expectations of similar total net sales to 2023. ASML anticipates Q2 2024 total net sales to be between €5.7 billion and €6.2 billion with a gross margin between 50% and 51%. The company also expects the second half of the year to be stronger, reflecting the semiconductor industry's recovery. ASML's CEO Peter Wennink highlighted 2024 as a transition year with continued investments in capacity ramp and technology. Additionally, ASML intends to declare a total dividend for 2023 of €6.10 per ordinary share, a 5.2% increase from 2022, and has purchased around €400 million worth of shares under its current share buyback program. The company remains a leading supplier in the semiconductor industry, providing essential hardware, software, and services for chipmakers.