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ASML Holding fiscal Q1 profit climbs 81.6% YOY

ASML Holding N.V. said its normalized net income for the fiscal first quarter ended March 29 amounted to €336.0 million, a gain of 81.6% from €185.0 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 20.4% from 13.2% in the year-earlier period.

Total revenue rose 18.1% on an annual basis to €1.65 billion from €1.40 billion, and total operating expenses increased from the prior-year period to €1.11 billion from €1.10 billion.

Reported net income totaled €470.0 million, compared with €283.3 million in the year-earlier period.