ASML reports Q3 EPS EUR 4.93 vs. EUR 4.81 last year

Reports Q3 revenue EUR 6.9B vs. EUR 6.67B last year. Reports Q3 net bookings EUR 4.5B vs. EUR 2.6B last year. “Our third-quarter net sales came in at EUR 6.7 billion, around the midpoint of our guidance, with a gross margin of 51.9%, higher than guided, primarily driven by the DUV product mix and some one-off costs effects. The semiconductor industry is currently working through the bottom of the cycle and our customers expect the inflection point to be visible by the end of this year. Customers continue to be uncertain about the shape of the demand recovery in the industry. We therefore expect 2024 to be a transition year. Based on our current perspective, we take a more conservative view and expect a revenue number similar to 2023. But we also look at 2024 as an important year to prepare for significant growth that we expect for 2025. We expect fourth-quarter net sales between EUR 6.7 billion and EUR 7.1 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around EUR 1,030 million and SG&A costs of around EUR 285 million. ASML confirms its expectation for strong growth for 2023 with a net sales increasing towards 30% and a slight improvement in gross margin, relative to 2022,” said ASML president and CEO Peter Wennink.