Cymer reported its seventh consecutive quarter of revenue growth with fourth quarter revenue US$146.9 million compared to revenue of US$96.4 million in the fourth quarter of 2009, and revenue of US$141.7 million in the third quarter of 2010. Cymer said that revenue for the full year reached US$534.2 million compared to revenue of US$307.7 million in 2009.
The company shipped a total of 35 light sources in the fourth quarter, of which 26 were ArF immersion, eight were KrF, and one was ArF dry, while installing 47 light sources at customer fabs.
For the full year 2010, the company shipped 124 light sources, of which 87 were ArF immersion, 35 were KrF, and two were ArF dry. Cymer noted that it shipped four extreme ultraviolet (EUV) 3100 sources last year and is preparing to ship another soon.
DUV bookings for the fourth quarter were valued at US$153.2 million, resulting in a book-to-bill ratio of 1.04. DUV bookings in the fourth quarter were ArF immersion (83%), KrF (13%) and ArF dry (4%). ASP in the quarter was US$1.6 million.
The company reported gross profit of US$272.8 million for the full year 2010, yielding a 51.1 percent gross margin.
With expected increase in capital expenditure from leading IC manufacturers, Cymer expects to benefit from increase sales in 2011.
The company has double its manufacturing capacity to cater for expected EUV demand.
Cymer managment noted in its conference call that its market share stood at 65% (revenue based) and with greater inroads into the memory market expected to grow share by a further 5 percentage points in 2011.