(ASML) Shares of ASML rose 5% on Wednesday after the company announced net sales of 3.5 billion euros in the first quarter of 2022, the high end of its guidance.
The company reported quarter bookings of 7.05 billion euros which it attributes to a continued demand for advanced and mature nodes. The bookings were higher than 6.98 billion euros in the prior quarter.
ASML said that its gross margin came at 49.0% in the first quarter, the same as guided, but below 54.2% in the prior quarter.
The company reported a net income of 695 million euros or $1.73 euros per share in the first quarter, compared to 1.774 billion euros or 4.39 euros per share in the prior quarter.
ASML now projects the second-quarter sales to range between 5.1 billion euros to 5.3 billion euros, while the gross margin is projected at between 49% to 50%. FY22 revenue is expected to grow by 20%.
ASML: NASDAQ is up +5.02%
