At ASML, even the sky seems to be offering no limits. With net sales of € 2.74 billion in the second quarter of 2018 (up from 2.3 billion in the first quarter), and a net income of €584 million (up from €540) the results were far above expectations. Gross margin is 43.3 percent (48 percent in the first quarter). ASML expects net sales to be stable in the third quarter, but a gross margin which again reaches more than 47 percent.
“After an excellent first half of 2018, we expect the second half to be even stronger, with improved profitability and continued growth from Q3 to Q4”, said ASML President and Chief Executive Officer Peter Wennink.
In the second quarter of the year, ASML shipped four EUV systems. Wennink: “That’s one more than we forecasted, as Logic customers prepare for the ramp of next node devices starting later this year. We recognized revenue for seven EUV systems. We are on track to supply 20 EUV systems this year. Focused execution is enabling an acceleration of the availability and productivity roadmap. This will provide an even stronger foundation for our EUV business and will support a 2019 shipment plan of at least 30 systems. Our DUV business is driven by a memory market that continues to require a significant number of lithography systems at least throughout this year and into 2019.”