ASML Holding N.V.: Will The Prebuilding Strategy to Manage Supply Chain and Demand Pay Off?

ASML Holding NV has released its financial results for the first quarter of 2024, highlighting a combination of achievements and forecasts that paint a detailed picture of the company’s current and future trajectory. In terms of financial performance, ASML reported total net sales of EUR 5.3 billion, which aligns with the company’s previous guidance. The revenue from 11 EUV (extreme ultraviolet) systems constituted EUR 1.8 billion of the total net sales. Systems driven by Logic accounted for 63%, with the remainder from Memory, showcasing a demand dynamic between these sectors. Gross margin was a notable positive, reported at 51%, which exceeded expectations mainly due to favorable product mix and specific one-time financial gains. Net income stood at EUR 1.2 billion, translating to earnings per share of EUR 3.11.