ASML Holdings (NASDAQ: ASML) reported Q1 EPS of EUR3.21. Revenue for the quarter came in at EUR4.36 billion, versus EUR0 reported last year.

• Q1 net sales of €4.4 billion, gross margin of 53.9%, net income of €1.3 billion
• Q1 net bookings of €4.7 billion
• ASML expects Q2 2021 net sales between €4.0 billion and €4.1 billion and a gross margin around 49%

CEO statement and outlook"Our first-quarter sales came in at €4.4 billion, which is above our guidance. The gross margin came in at 53.9%, also well above our guidance. The primary driver for higher revenue and gross margin was the increased Installed Base business. Due to the current high-demand environment, customers are utilizing software upgrades to increase capacity as quickly as possible. Our first-quarter net bookings came in at €4.7 billion, including €2.3 billion from EUV systems.

"Compared to three months ago, we are seeing a significant increase in demand across all market segments and our product portfolio. The build-up of the digital infrastructure with secular growth drivers such as 5G, AI and High-Performance Computing solutions fuels demand for advanced and mature nodes in Logic as well as Memory. We now expect revenue growth towards 30% in 2021 compared to last year," said ASML President and Chief Executive Officer Peter Wennink.

GUIDANCE:

ASML Holdings sees Q2 2021 revenue of EUR4-4.1 million, versus the consensus of EUR4.89 million.

• ASML expects second-quarter revenue between €4.0 billion and €4.1 billion with a gross margin around 49%
• R&D costs of €650 million and SG&A costs of €175 million
• Estimated annualized effective tax rate is expected to be between 14% and 15% for 2021.

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