Https Www Reuters Com Technology Asml Reports Q1 Earnings 13 Billion Worse Than Expected New Bookings 2024 04 17
ASML's 2024 First Quarter Results: A Transition Year
ASML Reports 2024 Q1 Results
Key Results and Outlooks
ASML Holding NV (ASML) has announced its financial results for the first quarter of 2024. The company reported a Q1 net sales of 53 billion euros, a decline from the previous quarter's record high. ASML CEO Peter Wennink characterized 2024 as a transition year for the company.
New bookings for Q1 reached 36 billion euros, below the forecasted 54 billion euros. Despite this, ASML maintained its 2024 financial outlook.
Gross margin for Q1 was reported between 48% and 49%. ASML's Q1 net income was not disclosed in the press release. The company's full financial report will be available later today.
Looking ahead, ASML expects Q2 2024 net sales to range between 50 billion and 55 billion euros, with a gross margin between 48% and 49%. ASML's Q1 2024 Earnings Conference Call is scheduled for April 17, 2024, at 9:00 AM ET.
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