ASML Holding 2Q Net Profit Rose; 2020 Outlook Is Unchanged
By Adria Calatayud
ASML Holding NV said Wednesday that net profit for the second
quarter rose sharply, driven by higher sales, and that its growth
outlook for 2020 remains unchanged relative to the start of the
year despite the coronavirus pandemic.
The Dutch maker of semiconductor equipment made a quarterly net
profit of 751 million euros ($856.2 million) compared with EUR476
million for the year-earlier period.
Net sales for the second quarter rose to EUR3.33 billion from
EUR2.57 billion a year before, ASML said. The company had
previously said revenue it wasn't able to recognize in the first
quarter would shift to the second and third quarters.
ASML shipped nine extreme ultraviolet lithography, or EUV,
systems--its most advanced technology--in the quarter. The company
said its operational capabilities are now largely back to
The company, which hadn't provided guidance for the second
quarter in light of uncertainty caused by the pandemic, said it
expects sales for the third quarter to be between EUR3.6 billion
and EUR3.8 billion, with a gross margin of between 47% and 48%. In
the second quarter, ASML's gross margin was 48.2%.
"Our 2020 growth expectations are largely unchanged relative to
our view at the start of the year," ASML President and Chief
Executive Peter Wennink said.
ASML said it has agreed to acquire Berliner Glas, a privately
held manufacturer of ceramic and optical modules. Financial details
of the deal won't be disclosed, it said.
Write to Adria Calatayud at firstname.lastname@example.org
(END) Dow Jones Newswires
July 15, 2020 01:34 ET (05:34 GMT)
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