ASML, the Netherlands-based manufacturer of semiconductors and semiconductor production equipment announced a positive first quarter for 2024, and stated that sales are expected to follow the trends of 2023.
The company saw 5.3 billion euros in sales during the first quarter according to an April 17 press release. ASML has conducted major expansions of its Wilton facilities in recent years. The facilities in Wilton are responsible for producing equipment used in the development and manufacture of semiconductors and microchips, which are a vital part of almost every aspect of the global economy.
“We expect second-quarter total net sales between €5.7 billion and €6.2 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around €1,070 million and SG&A costs of around €295 million. Our outlook for the full year 2024 is unchanged, with the second half of the year expected to be stronger than the first half, in line with the industry’s continued recovery from the downturn. We see 2024 as a transition year with continued investments in both capacity ramp and technology, to be ready for the turn in the cycle,” said ASML President and Chief Executive Officer Peter Wennink in the press release.
