European local time on July 21, the global lithography machine leader Asma released second-quarter results, in the global chip shortage in the context of "selling shovels" technology giants are still in a state of not worrying about selling.
According to the company, net sales reached 4.02 billion euros in the second quarter of this year, up 22% from the same period last year and remained above 4 billion euros for the third consecutive quarter, while net profit rose 38% year-on-year to 1.03 billion euros. On average, analysts expect Q2 revenue of 4.08 billion euros and profits of 1.02 billion euros, according to Rufter.
Although the results were basically in line with expectations, the most striking figure was that the company received net new orders of 8.3 billion euros in the second quarter, compared with 1.1 billion euros in the same period last year and 4.74 billion euros in the previous quarter. The new order includes 4.9 billion euros of (EUV), an extreme ultraviolet lithography machine, bringing the company's overall order volume to 17.5 billion euros.
Against the backdrop of TSMC, Samsung and Intel's collective overweight investment capacity, Asmai expects net sales to reach 52-5.4 billion euros in the third quarter of this year, and gross profit margin will also rise to 51% 52% range. At the same time as the results were released, Asmai also announced a new share buyback program worth 9 billion euros, which will be implemented by the end of 2023. In addition, the company raised its full-year sales growth guidance for fiscal 2021 to 35 per cent, after raising that target to 30 per cent in the first quarter.
Asma Chairman and CEO Peter Wennink said that continued high demand for all market segments and the company's product portfolio also reflected the market's focus on increasing the capacity of digital infrastructure. The long-term demand not only focuses on the advanced process, but also has a high demand for the traditional and mature process of logic chip and memory chip.
In terms of technological breakthroughs, Asmer reported that the first TWINSCAN NXE:3600D extreme ultraviolet lithography machine was delivered to customers this quarter, which has a 15% increase in production capacity compared to 3400D and a 30% improvement in stacking accuracy. In the case of the deep ultraviolet lithography machine (DUV), the company's TWINSCAN NXT:2000i system reached a new record of 6300 wafers exposed in a single day during the production process of a customer.
Asmai also said that it plans to promote mass production of EUV in the memory chip business, and then will assist three DRAM customers to apply advanced process EUV.