ASML Holdings (ASML) Misses Q1 EPS by 1c

ASML Holdings (NASDAQ: ASML) reported Q1 EPS of €0.86, €0.01 worse than the analyst estimate of €0.87. Revenue for the quarter came in at €1.65 billion versus the consensus estimate of €1.78 billion.

CEO Statement

“We posted second-quarter sales and gross margin that were slightly above our guidance. Sales were balanced between memory and logic customers. As part of a previously announced volume purchasing agreement with a major U.S. customer, we took orders for six EUV systems in the quarter. Of those, two are expected to be shipped this year, and four from next year. As a result, the backlog for EUV systems now stands at eight systems,” ASML President and Chief Executive Officer Peter Wennink said.

“Given the recent advances in EUV productivity and availability, we believe that EUV is moving closer to volume production. In preparation for pilot production, several customers have run or are running marathon tests on their NXE:3300B systems. In parallel, customers are evaluating how far they can stretch immersion multiple patterning technology. The decision on when to introduce EUV into production and the timing of the corresponding orders will be determined by the production readiness of EUV systems versus the complexity of multiple patterning. System availability is our main focus in increasing production readiness of EUV,” Wennink said.

“We expect to see continued overall business strength in the second half of 2015 due to increased demand from memory and foundry customers compared with our previous expectations. Underpinned by an anticipated strong service business, this will allow for a stable business outlook at expected Q3 levels for the balance of the year with some upside opportunity.”

For earnings history and earnings-related data on ASML Holdings (ASML) click here.

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