Chip machinery maker ASML: orders soar as Q1 earnings, sales dip

ASML development building. Photo: ASML

Chip machine maker ASML reported sharply higher orders for its latest type of chips machine in the first three months of 2018.

But turnover fell to €2.29bn the first quarter of 2018, down from €2.56bn in the final quarter of 2017. Profit was €540m (€644m), the company said in a statement.

The Veldhoven-based company said it booked orders worth €2.44bn in the first quarter. This included orders for nine latest-generation EUV (extreme ultraviolet lithography) machines which make details on chips even smaller.

The EUV order book now stands at 33, and ASML will deliver 20 of these this year. The company expects to deliver a minimum of 30 EUV machines in 2019.

ASML’s CEO Peter Wennink said he expected turnover of between €2.5bn to €2.6bn in the current quarter.

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