ASML reports Q3 net sales of EUR 7.5B, net income of EUR 2.1B

ASML Holding has published its 2024 third-quarter results, reporting Q3 total net sales of EUR 7.5B, gross margin of 50.8%, net income of EUR 2.1B and quarterly net bookings in Q3 of EUR 2.6B, of which EUR 1.4B is EUV. “Our third-quarter total net sales came in at EUR 7.5 billion, above our guidance, driven by more DUV and Installed Base Management sales. The gross margin came in at 50.8%, within guidance. While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover. It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness. Regarding Logic, the competitive foundry dynamics have resulted in a slower ramp of new nodes at certain customers, leading to several fab push outs and resulting changes in litho demand timing, in particular EUV. In Memory, we see limited capacity additions, with the focus still on technology transitions supporting the HBM and DDR5 AI-related demand,” said ASML President and Chief Executive Officer Christophe Fouquet.