ASML does well in Q2 results

ASML Holding, the Netherlands based company which sells the kind of kit chipmakers need to flog their chippy kit, has posted its second quarter results for the year and it’s doing pretty well.

Overall, Q2 2010 sales clocked in at €1.069 billion – showing that the semiconductor industry is on the up and up, and is keen to purchase AMSL’s vital kit such as lithography systems to keep afloat. According to AMSL, the demand means its NXTL1950i is already fuelling huge production of semiconductor nodes. Almost 20 systems have been shipped and half a million silicon wafers have been exposed.

AMSL’s net sales of €1.069 million in Q2 were made up of 35 brand spanking new systems and eight used systems, which got total net system sales of €923 million and net service and field options sales of €146 million. The average price for a new system in 2010 was €25.6 million – down slightly from Q1 which was 25.8 million – but average selling price overall for a system was 21.5 million, up from Q1 at 18.6 million.

Net bookings over Q2 2010 totaled at 59 systems for €1.179 million, which is including advanced immersion systems for critical layers, and KrF systems for less critical layers for capacity additions. That’s a total average selling price of €20 million.

ASML picked up net income of €239 million – which is 0.55 per ordinary share. That’s up from Q1 stats of €107 million and 0.25 respectively.

There are several reasons for driving growth, says ASML. Between 2009 and 2010 the average number of immersion layer exposures down to growing sub-50nm nodes mix more than doubled, which will carry on an upward trend into next year. It also says it’s down to “memory makers’ upgrades to increasingly advanced nodes with second tier DRAM manufacturers  now transferring to 40nm nodes while leading DRAM vendors are preparing for 30nm nodes”. 

The Foundries and Integrated Device Manufacturers are still playing catch-up on under-investments of the past two to three years, it says – so the addition in 65nm and 40nm capacities are necessary to keep the increased IDM demand at foundries afloat, particularly after the IDMs’ retirement of obsolete capacity.

The company expects net sales for Q3 2010 to be around €1.1 billion with a gross margin of approximately 43 percent.