With technology buys rather than capacity expansions dominating semiconductor capital spending in 2010, ASML has posted first quarter sales of €742 million versus Q4 2009 net sales of €581 million, while in the same quarter a year ago, ASML posted sales of only €184 million in comparison. Lithography tool backlog stands at 85 systems including 58 immersion tools with an ASP of €28.8 million for new tools. Backlog sales total now stands at €2,170 million. ASML booked 50 systems in the first quarter, valued at €1,004 million. The company noted that 76% of its backlog or € 1,654 million system sales carry shipment dates in the next 6 months.
“Our first quarter 2010 sales rose to above €740 million and bookings came in at €1 billion, in line with our expectations and adding confidence in a prolonged recovery of the semiconductor industry,” noted Eric Meurice, President and Chief Executive Officer of ASML. “To enable our customers’ next technology nodes, we have now shipped nine NXT:1950is, our most advanced TWINSCAN dual stage scanner, having proven critical dimension (CD) imaging uniformity well below 1 nanometer (nm) and overlay of less than 2 nm, which is industry leading performance.”
ASML noted that it had 28 NXT:1950i systems in backlog, 14 were booked in the last quarter and expects to ship 11 in Q2 2010. ASML said that its had now shipped 9 of these systems to date.
In respect to Extreme Ultraviolet (EUV) lithography, ASML said that it had received its sixth order for the NXE:3100 pre-production system with the first system shipping in the second half of the year.
“We booked EUR 1,004 million worth of systems in the first quarter of 2010 and expect a similar level of bookings in the second quarter, confirming the semiconductor industry executing on its upturn cycle,” Eric Meurice said. “We expect this cycle to be sustained by the normal technology transitions of the early adopters, the subsequent technology conversions by second tier DRAM makers, the next Flash memory upgrade cycle anticipated for the second half of 2010, as well as Foundry’s structural capacity build at advanced nodes.
This puts ASML on a track to 2010 full year sales above our 2007 peak of EUR 3.8 billion; we calculate that the lithography systems sold in 2010 will add approximately 15 percent integrated circuit (IC) unit production capacity to the semiconductor market, conforming to the demand prediction of most industry analysts. This controlled capacity increase supports the possibility of sustained growth in 2011 if IC unit growth continues per the historical trend.”