ASML Holding NV Earnings: Everything You Must Know Now

ASML Holding NV (NASDAQ:ASML) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.

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ASML Holding NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 80.17% to $0.23 in the quarter versus EPS of $1.16 in the year-earlier quarter.

Revenue: Decreased 46.61% to $892 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ASML Holding NV reported adjusted EPS income of $0.23 per share. By that measure, the company missed the mean analyst estimate of $0.49. It missed the average revenue estimate of $1.27 billion.

Quoting Management: “We achieved first quarter sales ahead of and gross margin in line with our guidance, and reiterate our expectation for a sales acceleration during the year, with a second quarter markedly stronger than the first quarter and a large second half, leading to expected 2013 full year net sales at a similar level to that of 2012. The underlying assumptions are unchanged, with foundry and logic preparing for very lithography-intensive 14-20 nm technology nodes to be used for next generation mobile end-products; while lithography investments in memory are still muted, memory chip price recovery and discussions on scanner shipment capability are signs of potential upside for second half deliveries. EUV technology industrialization continues to make steady progress on the trajectory set with the introduction of the improved source concept last year: firstly, the EUV light sources have now been demonstrated at 55 Watts with adequate dose control; secondly, the scanners themselves have demonstrated production-worthy, 10nm node compatible imaging and overlay specifications. We therefore confirm our expectation of the ramp of EUV-enabled semiconductor production in 2015, supported by our NXE:3300B scanners, two of which are being prepared for shipment and installation in Q2 and Q3,” said Eric Meurice, President and Chief Executive Officer of ASML.

Key Stats (on next page)…

Revenue decreased 39.29% from $1.47 billion in the previous quarter. EPS decreased 55.77% from $0.52 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.61 to a profit $0.58. For the current year, the average estimate has moved down from a profit of $4.29 to a profit of $2.98 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)