ASML’s Q3 2023 Results Reveal Impressive €6.7B Net Sales and €1.9B Net Income

ASML Holding NV reported strong third-quarter results, including net sales of €6.7 billion, a gross margin of 51.9%, and net income of €1.9 billion, and expects fourth-quarter net sales to range between €6.7 billion and €7.1 billion.

Strong performance in net sales and gross margin
Secured net bookings of €2.6 billion
Interim dividend of €1.45 per ordinary share

ASML Holding NV (ASML), the leading semiconductor equipment manufacturer, has released its third-quarter results for 2023, showcasing strong performance in net sales and gross margin. The company reported net sales of €6.7 billion, with a gross margin of 51.9% and net income of €1.9 billion.

During the third quarter, ASML secured net bookings of €2.6 billion, including €0.5 billion from the European Union’s EUV program. Looking ahead, ASML expects fourth-quarter net sales to range between €6.7 billion and €7.1 billion, with a gross margin projected to be between 50% and 51%.

ASML’s CEO, Peter Wennink, expressed satisfaction with the company’s performance, stating, “Our third-quarter net sales came in at €6.7 billion, meeting our guidance expectations. The higher-than-guided gross margin of 51.9% was primarily driven by the product mix in our Deep Ultraviolet (DUV) segment and certain one-off cost effects.”

However, Wennink acknowledged the current challenges faced by the semiconductor industry, as it navigates through the bottom of its cycle. He mentioned that customers anticipate an inflection point by the end of this year but remain uncertain about the shape of the industry’s demand recovery. As a result, ASML foresees 2024 as a transition year and expects revenue to be similar to that of 2023.

Despite this cautious outlook for 2024, ASML sees it as a crucial year for preparing for significant growth anticipated in 2025. Wennink stated, “We take a more conservative view for 2024 but also view it as an important year to lay the groundwork for the substantial growth we expect in 2025.”

ASML also provided an update on its dividend and share buyback program. An interim dividend of €1.45 per ordinary share will be paid on November 10, 2023. Additionally, the company repurchased approximately €100 million worth of shares during the third quarter under its current 2022-2025 share buyback program.

About Our Team

Our team comprises industry insiders with extensive experience in computers, semiconductors, games, and consumer electronics. With decades of collective experience, we’re committed to delivering timely, accurate, and engaging news content to our readers.

Background Information

About ASML:

ASML is an innovation leader in the global semiconductor industry. ASML provide chipmakers with hardware, software and services to mass produce patterns on silicon through lithography. Their lithography systems use ultraviolet light to create billions of tiny structures on silicon that together make up a microchip. Founded in 1984 in the Netherlands with just a handful of employees, ASML hass now grown to over 40,000 employees, 143 nationalities and more than 60 locations around the world.

Latest Articles about ASML

Technology Explained

EUV: Extreme Ultraviolet Lithography (EUV or EUVL) is an advanced semiconductor manufacturing technique that employs extremely short wavelengths of light in the extreme ultraviolet spectrum to create intricate patterns on silicon wafers. Utilizing a wavelength around 13.5 nanometers, significantly shorter than traditional lithography methods, EUVL enables the production of smaller and more densely packed integrated circuits, enhancing the performance and efficiency of modern microprocessors and memory chips.