ASML Holding Sees Flat 2024 Revenue on Demand Uncertainty -- Update
18 Ottobre 2023 - 8:16AM
Dow Jones News
By Elena Vardon
ASML Holding said it expects revenue next year to be similar to
2023 given uncertainty around demand recovery in the semiconductor
industry but posted better-than-expected net income for the third
quarter.
"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," Chief Executive Officer
Peter Wennink said, adding that 2024 is seen as a transition
year.
The Dutch semiconductor-equipment maker on Wednesday posted a
net income for the third quarter of 1.89 billion euros ($2.0
billion) compared with EUR1.94 billion for the second quarter.
Analysts polled by FactSet had expected EUR1.82 billion.
Net sales for the three-month period were EUR6.67 billion,
driven by its deep ultraviolet product mix and one-off cost
effects, it said. This compares with EUR6.90 billion for the
previous quarter, consensus' EUR6.75 billion and was within its
EUR6.5 billion to EUR7.0 billion guided range.
Gross margin for the third quarter was 51.9% compared with
51.3%, while guidance had been around 50%, it said.
For the fourth quarter, ASML said it expects to report net sales
of between EUR6.7 billion and EUR7.1 billion with a gross margin
between 50% and 51%.
The Amsterdam-listed group confirmed it expects net sales to
grow 30% on year in 2023, with a slight improvement in gross
relative margin. It had posted EUR13.6 billion in net sales and a
49.1% gross margin for 2022.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
October 18, 2023 02:01 ET (06:01 GMT)
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