ASML Holding stated it expects income subsequent yr to be much like 2023 given uncertainty round demand restoration within the semiconductor business, however posted better-than-expected web earnings 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 stated, including that 2024 is seen as a transition yr.
The Dutch semiconductor-equipment maker
on Wednesday posted a web earnings for the third quarter of 1.89 billion euros ($2.0 billion) in contrast with EUR1.94 billion for the second quarter. Analysts polled by FactSet had anticipated EUR1.82 billion.
Net gross sales for the three-month interval have been EUR6.67 billion, pushed by its deep ultraviolet product combine and one-off price results, it stated. This compares with EUR6.90 billion for the earlier quarter, consensus’ EUR6.75 billion and was inside its EUR6.5 billion to EUR7.0 billion guided vary.
Gross margin for the third quarter was 51.9% in contrast with 51.3%, whereas steerage had been round 50%, it stated.
For the fourth quarter, ASML stated it expects to report web gross 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 web gross sales to develop 30% on yr in 2023, with a slight enchancment in gross relative margin. It had posted EUR13.6 billion in web gross sales and a 49.1% gross margin for 2022.
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Source web site: www.marketwatch.com