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

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 developments in AI, but noted slower recovery in other market segments. The company also announced an interim dividend of €1.52 per ordinary share payable on November 7, 2024, and reported no share buybacks in the third quarter under the current 2022-2025 share buyback program. The financial statements were prepared in accordance with US GAAP and the full report is available on ASML's website.