Significant increase in the number of orders at ASML in the second quarter

July 18, 2024 – 2 min read

ASML expects total net sales in this calendar year to be at the same level as in 2023. The chip machine manufacturer stated this when presenting its results in the second quarter of this year. The growth in the number of orders in the past three months is striking.

ASML’s total net sales in the second quarter of this year amounted to EUR 6.2 billion, with a gross margin of 51.5 percent and a net profit of EUR 1.6 billion. Net orders for this quarter amounted to EUR 5.6 billion, EUR 2 billion more than in the first quarter. “In line with previous quarters, semiconductor inventory levels continue to improve, and we also see further improvements in the utilization level of lithography tools,” said Christophe Fouquet, CEO of ASML. “Although there are still uncertainties in the market, mainly driven by macroeconomic factors, we expect the industry to continue to recover in the second half of the year.”

“Strong developments in AI”

Looking ahead to the second half, ASML expects total net sales in the third quarter to be between €6.7 billion and €7.3 billion, with a gross margin of between 50 and 51 percent. The company expects R&D expenses of around €1.1 billion and SG&A expenses of around €295 million. Fouquet: “Our outlook for the full year 2024 remains unchanged. We see this as a transition year with continued investments in both capacity expansion and technology. We currently see strong developments in AI, which is driving most of the recovery and growth in the industry.”