FX.co ★ ASML Posts Q3 Net Income Of EUR 2.08 Bln; Cuts 2025 Outlook

ASML Holding N.V., the Dutch semiconductor equipment manufacturer, has reported its financial performance for the third quarter. The company achieved a net income of €2.08 billion or €5.28 per basic share, alongside total net sales of €7.5 billion. In terms of quarterly net bookings, the company secured €2.6 billion, with €1.4 billion coming from the high-demand extreme ultraviolet lithography (EUV) segment.

Despite strong advancements and considerable growth potential in artificial intelligence (AI), other market segments are recovering more slowly. Recovery is now appearing more gradual than initially expected, a trend likely to persist into 2025, prompting increased caution among the customer base.

Looking ahead, ASML forecasts its total net sales for the fourth quarter to range between €8.8 billion and €9.2 billion, with a gross margin projection of 49% to 50%. This forecast includes expected revenue recognition from the first two High NA systems, pending customer acceptance, demonstrating advancements in imaging, overlay, and contrast.

For the full year 2024, ASML anticipates total net sales to approximate €28 billion. By 2025, the company projects net sales to grow within the range of €30 billion to €35 billion, aligning with the lower half of its 2022 Investor Day estimates. The anticipated gross margin for 2025 is between 51% and 53%, slightly lower than previous expectations, primarily due to delayed EUV demand.

Additionally, an interim dividend of €1.52 per ordinary share is slated for distribution on November 7, 2024.