ASML Holding announced that its net profit fell by half in the first quarter compared to the previous quarter, although sales were at the highest point of reference.
The Dutch semiconductor company announced profits of 695 million Euros in the first quarter, compared to 1.77 billion Euros in the fourth quarter of 2021.
Net sales fell 29% on a quarterly basis to 3.53 billion euros, as sales of new systems fell 13 to 59. In addition, the gross margin shrank to 49% from 54.2%.
Sales in the first quarter amounted to 3.5 billion euros, which is the highest range of estimates, says CEO Peter Wennick.
In the second quarter, ASML expects net sales to recover to 5.1-5.3 billion euros, with a gross margin of 49% -50%.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
