ASML: no full-year guidance

Due to “significant uncertainty about how the current COVID-19 crisis will impact the global GDP development, end markets, manufacturing capability and supply chain”, ASML no longer feels comfortable providing a financial outlook for Q2 and the full year 2020. However, as yet there are no signs of slowing demand. In fact, CFO Roger Dassen hinted on a “really good” upcoming quarter.

ASML reported revenue of 2.4 billion dollars in Q1, down from the original expectation of 3.1-3.3 billion issued at the start of the year. Two weeks ago, the equipment supplier already warned this would happen. At the time, ASML stated that ‘lost’ revenue would shift to subsequent quarters. That will still happen, but the company has to face the possibility that shipments planned later this year will be affected.

Still, so far the impact of the pandemic has been limited. “Demand outlook is currently unchanged and we’ve not encountered any push-outs or cancellations this year. Despite the challenging circumstances, to date, we’ve been able to continue ASML’s operations. Our order intake is strong. Many of the investments made by our customers are strategic and support their long-term plans,” CEO Peter Wennink commented.