ASML reports EUR 2.2 billion sales at 41.6% gross margin in Q1

2019 view unchanged

Press release -Veldhoven, the Netherlands, April 17, 2019

ASML Holding N.V. (ASML) today publishes its 2019 first-quarter results.


  • Q1 net sales of EUR 2.2 billion, net income of EUR 355 million, gross margin 41.6%

  • ASML expects Q2 2019 net sales of between EUR 2.5 billion and EUR 2.6 billion and a gross margin between 41% and 42%

(Figures in millions of euros unless otherwise indicated) Q4 2018 Q1 2019
Net sales 3,143 2,229
...of which Installed Base Management sales1 719 540
新的光刻系统销售(单位) 58 43
Used lithography systems sold (units) 6 5
净预订
1,587 1,399
Gross profit 1,393 928
Gross margin (%) 44.3 41.6
Net income 788 355
EPS (basic; in euros) 1.87 0.84
End-quarter cash and cash equivalents and short-term investments 4,034 3,275
1Installed Base Management sales equals our net service and field option sales.

首席执行官声明

"Our first-quarter sales and gross margin came in slightly above guidance, supported by better than planned EUV system shipments and DUV profitability. The outlook for the remainder of the year remains unchanged, as we see accelerating growth through 2019 on the back of significant technology transitions, primarily in Logic. Our outlook is further underpinned by expected increasing Applications and Installed Base revenues. EUV systems are starting production of the first layers of the most advanced Logic nodes. Supporting these technology transitions is our higher productivity NXE:3400C EUV scanner – which we expect will also drive adoption in the DRAM memory segment. We reconfirm our previously disclosed longer-term outlook for 2020 and beyond, which remains based on our positive view on technology drivers such as 5G communications, automotive, artificial intelligence and data centers. In the short term, some volume demand uncertainties remain due to macro-economic developments," said ASML President and Chief Executive Officer Peter Wennink.


Q1 2019 product and business highlights
  • In our DUV lithography business, we see increasing demand for 200 mm TWINSCAN scanners across all dry wavelengths, which is mainly driven by strong growth in the automotive, industrial and Internet of Things market segments.
    对于薄膜头制造,ASML有望通过XT:1460k扫描仪的特殊版本来实现收缩路线图,该公司最近收到了领先的存储制造商的订单。万博苹果手机客户端
    On 300 mm, we continue innovations in DUV to support future nodes and new applications. We will bring the DUV Dry products to the high performance NXT platform. We are on track to deliver the NXT:1470 mid next year. Due to our cost-effective DUV product portfolio, important market share wins were recently achieved in multiple regions.

  • Our Applications portfolio, including optical and E-beam metrology and inspection, computational lithography and software control products, continues to see growth. In Q1 2019, our Brion deep-learning technology has been adopted by several leading-edge customers.
    We are making progress on our E-beam products for improved defect inspection sensitivity required on future nodes. To improve E-beam system productivity, we are on track to deliver a multi-beam system this year for R&D, moving to commercial product shipment in 2020.
    In January, ASML announced the acquisition of the intellectual property assets of Mapper, a Delft-based high-tech company. In Q1 2019, approximately 100 former Mapper employees accepted job offers from ASML and are now working in projects for our Applications business – 80 employees in multi-beam and 20 in YieldStar.

  • For EUV, the first set of NXE:3400C optics are in the factory. These higher transmission optics will enable the higher throughput of 170 wafers per hour. This is expected to deliver cost effective shrink for both Logic and DRAM. The system is expected to be available to our customers in the second half of 2019.

  • In light of questions we recently received concerning a court case ASML has won against XTAL, we have included the key facts on our website.

Outlook

For the second quarter of 2019, ASML expects net sales between EUR 2.5 billion and EUR 2.6 billion, and a gross margin between 41% and 42%. ASML also expects R&D costs of around EUR 485 million, and SG&A costs of around EUR 125 million. Our estimated annualized effective tax rate is around 11% for 2019.


Update share buyback program

As part of ASML’s financial policy to return excess cash to shareholders through dividends and regularly timed share buybacks, in January 2018 ASML announced its intention to purchase up to EUR 2.5 billion of shares to be executed within the 2018–2019 time frame. ASML intends to cancel these shares after repurchase, with the exception of up to 2.4 million shares, which will be used to cover employee share plans. Through March 31, 2019, ASML has acquired 7.4 million shares under this program for a total consideration of EUR 1.2 billion. The current program may be suspended, modified or discontinued at any time. All transactions under this program arepublished on ASML’s websiteon a weekly basis.


Quarterly video interview and investor and media conference call

通过此新闻稿,ASML发布了视频采访,CFO Roger Dassen讨论了Q1 2019年结果,可以在www.porsat.com上查看。首席执行官Peter Wennink和CFO万博亚洲ios手机客户端 Roger Dassen将于2019年4月17日15:00中欧时间 /美国东部时间09:00举办一次对投资者和媒体的电话会议。要注册呼叫并接收拨入信息,请点击下面的链接。也可以通过www.porsat.com获得聆听访问。


manbext手机官网


ASML is one of the world’s leading manufacturers of chip-making equipment. Our vision is a world in which semiconductor technology is everywhere and helps to tackle society’s toughest challenges. We contribute to this goal by creating products and services that let chipmakers define the patterns that integrated circuits are made of. We continuously raise the capabilities of our products, enabling our customers to increase the value and reduce the cost of chips. By helping to make chips cheaper and more powerful, we help to make semiconductor technology more attractive for a larger range of products and services, which in turn enables progress in fields such as healthcare, energy, mobility and entertainment. ASML is a multinational company with offices in more than 60 cities in 16 countries, headquartered in Veldhoven, the Netherlands. We employ more than 23,800 people on payroll and flexible contracts (expressed in full time equivalents). ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. More information about ASML, our products and technology, and career opportunities is available onwww.porsat.com.

美国GAAP财务报告


ASML's quarterly financial reporting is prepared in accordance with US GAAP, the accounting principles generally accepted in the United States of America. The consolidated balance sheets of ASML Holding N.V. as of March 31, 2019, the related consolidated statements of operations and consolidated statements of cash flows for the three months ended March 31, 2019 as presented in this press release are unaudited and available onwww.porsat.com.

Regulated information


This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

前瞻性语句


本文档包含有关某些预测,业务趋势和其他前瞻性的陈述,包括有关预期趋势和前景,预订,预期财务结果和趋势的陈述,包括预期销售,EUV收入,毛利率,R&D和R&D和SG&A费用,并估计2019年第二季度的年度有效税率,以及预期的2019年全年财务业绩和趋势,包括预期2019年销售的持续增长,2020年的年收入机会以及截至2025年的年收入2020年及以后的前景,包括ASML对5G通信,汽车,人工智能和数据中心等技术驱动因素的积极看法,DUV系统收入和整体光刻的趋万博manbetx官网登录势以及基于安装的管理和应用程序收入,预期的行业趋势和预期的趋势以及预期的趋势商业环境,包括预期在市场上的短期波动E到宏观经济学,包括增加内存的能力和逻辑上的新领先节点,长期增长机会的驱动因素,有关引入新的DUV系统的预期收益和对此类系统的预期需求的陈述,尊重的陈述对于电影头制造,预计ASML可以通过XT:1460k扫描仪的特殊版本来启用收缩路线图,这是通过更高生产力NXE:3400C的技术过渡的预期支持,包括其预期可用性日期和预期这种扫描仪将对这种扫描仪的期望万博manbetx官网登录在DRAM内存细分市场中采用驱动器,预期较高的传输光学元件的预期吞吐量以及对逻辑和DRAM的成本有效收缩的期望,与持续DUV创新有关的陈述,以支持未来的节点和新应用程序,包括期望DUV干产品将被带到NTX平台和NXT交付的预期时间:1470,2019年预期的多光束系统,用于研发和预期的电子束产品商业产品运输的时机,收缩是支持创新并提供长期行业增长的关键行业驱动力,可负担得起的缩水和可负担delivering value to customers, DUV, EUV and Application products providing unique value drivers for ASML and its customers, the expected continuation of Moore’s law and that EUV will continue to enable Moore’s law and drive long term value for ASML well into the next decade, the intention to continue to return excess cash to shareholders through a combination of share buybacks and growing dividends in line with ASML’s policy, and statements with respect to the proposed dividend for the 2019 Annual General Meeting of Shareholders and the share repurchase plan for 2018-2019, including the intention to use certain shares to cover employee share plans and cancel the rest of the shares upon repurchase. You can generally identify these statements by the use of words like "may", "will", "could", "should", "project", "believe", "anticipate", "expect", "plan", "estimate", "forecast", "potential", "intend", "continue", "targets", "commits to secure" and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about the business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve risks and uncertainties. These risks and uncertainties include, without limitation, economic conditions, product demand and semiconductor equipment industry capacity, worldwide demand and manufacturing capacity utilization for semiconductors, including the impact of general economic conditions on consumer confidence and demand for our customers’ products, competitive products and pricing, the impact of any manufacturing efficiencies and capacity constraints, performance of our systems, the continuing success of technology advances and the related pace of new product development and customer acceptance of and demand for new products including EUV and DUV, the number and timing of EUV and DUV systems shipped and recognized in revenue, timing of EUV orders and the risk of order cancellation or push out, EUV production capacity, delays in EUV systems production and development and volume production by customers, including meeting development requirements for volume production, demand for EUV systems being sufficient to result in utilization of EUV facilities in which ASML has made significant investments, potential inability to successfully integrate acquired businesses to create value for our customers, our ability to enforce patents and protect intellectual property rights, the outcome of intellectual property litigation, availability of raw materials, critical manufacturing equipment and qualified employees, trade environment, changes in exchange rates, changes in tax rates, available cash and liquidity, our ability to refinance our indebtedness, distributable reserves for dividend payments and share repurchases, results of the share repurchase plan and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact information

  • 卢卡斯·范·格林文(Lucas Van Grinsven)
  • Head of Communications
  • +31 610 199 532
  • Brittney Wolff Zatezalo
  • 企业传播经理美国
  • +14084833207