Part of the  

Solid State Technology

  and   

The Confab

  Network

About  |  Contact

Headlines

Headlines

ASML Has Record Revenue for 2015; Will Raise Dividend, Buy Back More Stock

By Jeff Dorsch, Contributing Editor

ASML Holding today reported net income of about $1.5 billion on revenue of $6.855 billion for 2015. That compared with 2014’s net income of $1.3 billion on revenue of $6.385 billion.

In the fourth quarter, the company posted net income of $318.3 million on revenue of $1.563 billion. Those figures were lower than the third quarter.

ASML said it sold 144 new lithography systems last year, up from 116 in 2014. It also sold 25 used systems, against 20 units a year earlier.

The 2015 sales represented a record for the supplier of advanced lithography equipment. ASML forecast sales for 2016’s first quarter would exceed $1.4 billion.

The company said it would raise its annual dividend to shareholders by 50 percent, to 1.05 euros per share, and will spend an additional $1.09 billion in 2016-2017 repurchasing its shares.

“As we indicated three months ago, we expect our logic customers to take shipments of our leading-edge immersion tools in the second quarter in preparation of their 10-nanometer node ramp. As a result, we expect second-quarter sales to increase significantly from the first-quarter level,” ASML President and Chief Executive Officer Peter Wennink said in a statement.

ASML stated that its extreme-ultraviolet lithography line “met its 2015 productivity and availability targets. We had already achieved a productivity of more than 1,000 wafers per day early in 2015 on the NXE:3300B system and improved this to more than 1,250 wafers per day in the fourth quarter on the successor system, the NXE:3350B. In addition, the availability of systems in the field improved, with the majority of systems achieving a four-week availability of more than 70 percent in recent months; the best result was more than 80 percent over four weeks. We also shipped two of our latest NXE:3350B EUV systems and started shipping the third in 2015. They will be used in our customers’ fabs for preparing the introduction of EUV into volume production. Our goals for 2016 are to continue improving productivity and availability and shipping six to seven EUV systems.”

Regarding deep-ultraviolet lithography systems, “we began ramping shipments of the TWINSCAN NXT:1980, our most advanced immersion system, in the fourth quarter, shipping five systems. The installation of the first systems is complete,” ASML stated.

Holistic lithography “grew by over 20 percent in revenue in 2015; we saw increased adoption of our latest metrology systems and control software at both logic and memory customers. These applications play a more and more critical role in helping our customers achieve the best possible patterning performance on advanced nodes,” the company added.

“The first-quarter outlook disappoints,” SNS Securities analyst Edwin de Jong told Bloomberg News. “It is good that you return cash to shareholders, but you need to improve operationally.”



Tags: , , ,

Leave a Reply


Extension Media websites place cookies on your device to give you the best user experience. By using our websites, you agree to placement of these cookies and to our Privacy Policy. Please click here to accept.