ASML records 7.7 billion euros in revenue and 2.4 billion euros in profit in the first quarter of 2025. The company maintains its annual expectations despite levies from the US.
Chip machine manufacturer ASML reported revenue of 7.7 billion euros and a net profit of 2.4 billion euros in the first quarter of 2025. The company maintains its annual forecast of revenue between 30 billion and 35 billion euros. In the fourth quarter of 2024, the company still recorded a quarterly revenue of 9.3 billion euros, which broke its records.
Lower sales, higher margin
Compared to the previous quarter, ASML’s revenue decreased by about 1.5 billion euros. However, the gross margin increased from 51.7 to 54 percent. According to ASML, this increase was due to a favorable product mix of EUV machines and the achievement of certain performance milestones.
The number of new lithography systems sold decreased from 119 to 73. The number of used systems sold fell from thirteen to four. Net bookings, or the value of new orders, amounted to 3.9 billion euros in the first quarter, of which 1.2 billion came from EUV machines.
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ASML shipped its fifth High NA system in the first quarter and now delivers this technology to three customers. For the second quarter, the company expects revenue between 7.2 billion and 7.7 billion euros. The gross margin would be between 50 and 53 percent. ASML cites uncertainties around international tariffs as the reason for this wide margin range.
Outlook unchanged
Despite the decline in quarterly revenue, ASML maintains its earlier annual forecast. This predicts revenue between 30 and 35 billion euros, with a gross margin of 51 to 53 percent. The company sees artificial intelligence as a continuing growth factor but notes that recent geopolitical developments create additional uncertainty. According to ASML, the impact of this dynamic will depend on which customers benefit most from the changing market conditions.
Furthermore, ASML announced that the final dividend for 2024 is 1.84 euros per share. This brings the total dividend for the year to 6.40 euros per share, an increase of nearly five percent compared to the previous year. As part of the ongoing share buyback program, ASML repurchased 2.7 billion euros worth of its own shares in the first quarter.