ASML doubles sales in third quarter, orders grow -

ASML doubles sales in third quarter, orders grow

LONDON — Lithography systems developer, ASML Holding NV (ASML), has reported sales in its third financial quarter of euro 555 million which compares to Q2 2009 net sales of euro 277 million and Q3 2008 net sales of euro 696 million.

In Q3 2009, ASML (Veldhoven, the Netherlands), sold 17 new systems (a mixtuer of immersion and non-immersion systems) at an average selling price of euro 23.4 million, and 7 used systems, resulting in net system sales of euro 459 million, and net service and field options sales of euro 96 million. In Q2 2009 it shipped of 4 new and 6 used machines.

“ASML’s third quarter sales doubled from the second quarter, stemming from technology transition demand for our state-of-the-art immersion lithography systems as new DRAM devices are introduced and as foundry customers are ramping 40 nanometer (nm) products,” said Eric Meurice, president and CEOof ASML.

“We shipped our first NXT:1950i system, offering best-in-class overlay of less than three nanometers and improved imaging, enabling the next generation of semiconductors with patterning below 30 nm. We kept a close rein on costs and retained a healthy cash position above EUR 1 billion even as we invest in working capital to prepare for sales growth,” added Meurice.

Q3 2009 operating income is euro 39 million compared to a Q2 2009 operating loss of euro 124 million. InQ3 2008 operating income was euro 83 million.

Net income in Q3 was euro 20 million compared to a Q2 2009 net loss of euro 104 million while in Q3 2008 net income was euro73 million.

Q3 2009 net bookings valued at euro 777 million with 35 systems including 27 new (including 18 immersion systems) and 8 used systems, leading to an order backlog valued at euro 1,353 million as of September 27, 2009.

“We booked 35 systems worth euro 777 million in the third quarter, nearly twice the level booked in the second quarter; this level reflects accelerated technology investments in the DRAM memory and foundry segments after a nine month period of very low capital spending,” said Meurice.

“This recovery mainly supports new integrated circuits product introductions, not so much an overall significant wafer capacity increase,” added Meurice. “ASML’s Q3 order intake, and that of Q4 which we expect to be at least of similar value, is for deliveries in the first half of 2010 and will translate into significant sales growth versus Q3 levels. This substantial order increase does not factor in a full worldwide economic recovery, which, if it materializes, could sustain the first half sales level into the second half of 2010.”

ASML expects Q4 2009 net sales of around euro 550 million and gross margin in Q4 2009 of about 37 percent.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.