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ASML Q3 net profit has an increase of nearly 70%, which plans to cancel the remaining stock repurchase plan

Feb 02 68
On the 20th of the local time, ASML announced the third quarter of 2021, net profit of 1.7 billion euros, an increase of 67.6% from the previous quarter, net sales 5.241 billion euros, an increase of 30.4% from the previous quarter. The company intends to cancel the remaining repurchase plan. According to the previous announcement, ASML plans to repurchase 9 billion euros stock, and about 2.4 billion euros have been purchased in the third quarter.

In terms of other data, the gross profit margin in the third quarter was 51.7%, which was 0.8pct from the previous quarter, and the new order was 6.179 billion euros, which was 25.3% from the previous quarter, of which 2.9 billion euros were EUV lightweight orders.

Specific to product and business, EUV lithography business, shipments and revenue refresh records, the latest NXE: 3600D EUV lithography system sets a record of 160 crystal circles per hour on the customer's production line. DUV lithography business, reaching a milestone of 1000 Arf infiltration lithography systems.

Peter Wennink, Asml, President and CEO, "Demand is still quite strong. Sustained digital transformation and current chip shortage caused we need to increase production to meet the current and expected future demand for memory and all logical nodes."

For the fourth quarter performance performance, Wennink said that the company expects net sales between 490 million euros to 5.2 billion euros, with gross profit margin between 51% and 52%. It is expected that R & D cost is approximately 670 million euros, and SG & A cost is about 195 million euros. The year is expected to achieve nearly 35% growth.

At the same time, ASML announced that the remaining stock repurchase plan will be canceled. Previously, ASML announced the launch of 9 billion euros of stock repurchase programs, which was launched on 22 July 2021, will be implemented before December 31, 2023, of which 4500 shares will be used for employee shares.

According to the company, in the third quarter, the company purchased about 2.4 billion euros of stocks according to the current and past plans, and the residual settlement plan will be canceled.