Key Takeaways ASML Holding N.V. (ASML) is making strong progress with its High-NA EUV (Extreme Ultraviolet) lithography systems, which could shape the future of advanced chipmaking. In the first quarter of 2025, the company shipped its fifth and final NXE:5000 High-NA system. It began delivering the newer NXE:5200 model in the second quarter. These systems are designed to help chipmakers print smaller and more complex features with fewer steps and better yields. Early feedback from major customers like Inte ...

Group 1: Company Performance - ASML Holding reported net sales of €7.74 billion for Q1 fiscal 2025, reflecting a year-over-year increase of 46.4% and aligning with management's guidance of €7.5-€8 billion [1][10] - The company reaffirmed its full-year revenue outlook of €30 billion to €35 billion, indicating a potential year-over-year growth of 15% at the mid-point [1] - Bookings for the first quarter totaled €3.9 billion, with 60% from logic customers and 40% from memory, showcasing strong demand in both segments [2][10] Group 2: Technology Advancements - All NXE:3800E systems are now fully operational, supporting 220 wafers per hour, which is crucial for high-volume manufacturing in logic and memory applications [3] - ASML has shipped its fifth and final NXE:5000 system and plans to begin shipments of the NXE:5200 from Q2 2025, indicating progress in High NA EUV technology [4][10] - The adoption of EUV and High NA technologies is expected to enhance customer confidence and drive growth momentum in the near term [5] Group 3: Competitive Landscape - Applied Materials anticipates over 40% growth in DRAM revenues for fiscal 2025, driven by increased adoption of advanced etch systems [6] - Lam Research reported record foundry revenues, supported by demand for advanced packaging and DRAM technologies [7] Group 4: Valuation and Estimates - ASML trades at a forward price-to-sales ratio of 8.05X, which is higher than the industry average of 7.5X [11] - The Zacks Consensus Estimate for ASML's fiscal 2025 earnings implies a year-over-year growth of 30.45%, while fiscal 2026 estimates suggest a growth of 13.58% [14]

ASML Holding N.V. (NASDAQ:ASML) Q1 2025 Earnings Conference Call April 16, 2025 9:00 AM ET Company Participants Jim Kavanagh - VP, IR Christophe Fouquet - President & CEO Roger Dassen - EVP & CFO Conference Call Participants Francois-Xavier Bouvignies - UBS Krish Sankar - TD Cowen Joe Quatrochi - Wells Fargo Didier Scemama - Bank of America Alexander Duval - Goldman Sachs Chris Caso - Wolfe Research Mehdi Hosseini - Susquehanna Tammy Qiu - Berenberg Timm Schulze-Melander - Redburn Atlantic C.J. Muse - Canto ...