ASML Holding NV reported its first-quarter results for 2024 with total net sales of €5.3 billion, maintaining a gross margin of 51.0%, and net income totaling €1.2 billion. Notably, quarterly net bookings amounted to €3.6 billion, which included €656 million from Extreme Ultraviolet (EUV) systems.
The company’s performance in Q1 aligns with its guidance, benefiting particularly from product mix and certain one-time financial gains. Looking forward, ASML forecasts Q2 net sales to range between €5.7 billion and €6.2 billion with a gross margin between 50% and 51%. The full-year 2024 outlook remains unchanged, anticipating a stronger second half as the industry recovers from its downturn.
Additionally, ASML continues its strategic investments to enhance both its capacity and technology infrastructure, positioning itself for future market upturns. In shareholder returns, ASML announced its intention to declare a total dividend of €6.10 per ordinary share for 2023, which marks a 5.2% increase from the previous year.
During the quarter, approximately €400 million worth of shares were repurchased under the ongoing 2022-2025 share buyback program. More details on both the dividend proposal and the share buyback program can be found on ASML’s website .
ASML’s leadership also engaged in investor and media communication through a video interview and an investor call, discussing the results and the outlook in detail. These sessions further highlight the company’s strategic initiatives and its response to current market dynamics.
Stock price is down almost 3% on NYSE Euronext
