ASML, a leading manufacturer of Lithography machines for the production of the world’s largest chips, reported its financial results for the first quarter of 2024. Total sales amounted to 5.29 billion euros, a decrease of 22% compared to the same quarter in the previous year, with a net profit of 1.224 billion euros.
In the past quarter, ASML had net bookings of 3.611 billion euros, a 4% decrease from the previous year, but a significant 61% decrease from the fourth quarter of 2023. The company sold a total of 70 machines during this period.
Peter Wennink, the CEO of ASML, stated that the outlook for the company’s performance in 2024 remains unchanged. He anticipates a stronger second half of the year, with the industry as a whole recovering from the downturn experienced in recent times and increased investment in technology cycles.
Source: ASML
TLDR: ASML reported a decrease in sales and net bookings for the first quarter of 2024, but remains optimistic about a stronger performance in the second half of the year.
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