Summary by Futu AI
ASML Holding NV (ASML) reported strong financial results for the third quarter of 2024, with total net sales reaching €7.5 billion and net income amounting to €2.1 billion. The company, a leading supplier to the semiconductor industry, also provided an outlook for the fourth quarter, expecting net sales to be between €8.8 billion and €9.2 billion with a gross margin between 49% and 50%. For the full year of 2024, ASML anticipates total net sales to be around €28 billion. Looking ahead to 2025, the company forecasts total net sales to increase to between €30 billion and €35 billion, with a gross margin between 51% and 53%. These projections reflect a more gradual market recovery than previously expected, with customer cautiousness in response to current market dynamics. ASML's CEO Christophe Fouquet highlighted strong...Show More