Market News

ASML Posts Better-Than-Expected Q3 Results

ASML (NASDAQ: ASML), the supplier of software and hardware to the semiconductor industry announced its Q3 earnings with revenues of €5.8 billion, up 10.7% year-over-year and beating Street estimates by €410 million.

The company’s Q3 earnings came in at €4.29 per share versus €3.54 per share in the second quarter. Analysts were anticipating earnings of €3.75 per share.

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ASML President and CEO Peter Wennink commented, “ASML expects fourth-quarter net sales between €6.1 billion and €6.6 billion with a gross margin around 49%. For the full year, we expect revenue of €21.1 billion with a gross margin approaching 50%.”

Wennink added that while macroeconomic uncertainty remains, it continues to see strong demand for its systems which resulted in “record bookings in the third quarter of around €8.9 billion of which €3.8 billion is EUV [Extreme ultraviolet lithography], including High-NA systems.”

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