Lithography equipment vendor ASML Holding NV (Veldhoven, The Netherlands) has made a net profit of €249.1 million ($340 million) on sales revenue of €1,397 million (about $1.93 billion).
The sales revenue was in-line with previous guidance and up 56 percent on sales in the same quarter a year before mainly on strength in the memory sector, the company said. However, the company cut its guidance for the first half of the year from $3 billion excluding extreme ultraviolet (EUV) lithography sales to $3 billion including EUV sales.
The company said it expects to ship one EUV system in the second quarter and two in the third quarter.
Peter Winnink, CEO, said there was some weakness of sales to logic manufacturers amidst some push out of 16nm, and 14nm FinFET production.
"For the remainder of the year, we see logic customers installing capacity for their 20/16/14 nanometer nodes but at the same time encountering timing uncertainties in next-generation device designs. In NAND memory, customers are expanding capacity and continuing their evaluation of vertical NAND and future-node planar technologies, resulting in uncertainties for system demand. Based on these recent developments, we currently estimate second and third quarter 2014 sales at a total of around €3 billion," said Winnink.
Winnink added that multiple customers are qualifying EUV for insertion at the 10nm logic node. "In 2016 we will provide our customers with the [EUV] productivity needed for volume production," he said.
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