ASML earnings report Q1 2024 [Video]

Shares of ASML on Wednesday fell as the company missed sales forecasts, but stuck to its full-year outlook.

ASML’s stock was down around 4.5% in early European trade after the results.

Here’s how ASML did versus LSEG consensus estimates:

• Net sales: 5.29 billion euros ($5.62 billion) versus 5.39 billion euros expected.
• Net profit: 1.22 billion euros versus 1.07 billion euros expected.

Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML’s net sales fell in the middle point of the company’s guidance.

Net bookings for ASML’s machinery, a closely watched booking, totaled 3.6 billion euros in the first quarter, down 4% year-on-year but plunging nearly two thirds versus the December quarter.

ASML is one of the most important semiconductor firms in the world, producing tools known as extreme ultraviolet lithography machines, which are required to manufacture the most advanced chips globally.

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