ASML: Q3 net income of E1.9bn
(CercleFinance.com) - ASML today published its Q3 2023 results.
They included net sales of E6.7bn, with a gross margin of 51.9%. This is in line with expectations (consensus E6,690m; Oddo BHF estimated E6,756m).
Net income came in at E1.9bn. EPS was E4.81, 5% above the consensus of E4.58. The semiconductor equipment supplier previously reported net income of E1.94bn for Q2 2023.
ASML forecasts Q4 2023 net sales of between E6.7bn to E7.1bn and a gross margin of 50% to 51%. It also confirms expected sales growth of 30% in 2023.
The semiconductor industry is currently going in a cyclical low - the group says that its clients expect the turnaround to be visible by the end of the year. It therefore expects 2024 to be a year of transition. Based on this current outlook, it is adopting a more cautious view and expects sales to be similar to their level in 2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
They included net sales of E6.7bn, with a gross margin of 51.9%. This is in line with expectations (consensus E6,690m; Oddo BHF estimated E6,756m).
Net income came in at E1.9bn. EPS was E4.81, 5% above the consensus of E4.58. The semiconductor equipment supplier previously reported net income of E1.94bn for Q2 2023.
ASML forecasts Q4 2023 net sales of between E6.7bn to E7.1bn and a gross margin of 50% to 51%. It also confirms expected sales growth of 30% in 2023.
The semiconductor industry is currently going in a cyclical low - the group says that its clients expect the turnaround to be visible by the end of the year. It therefore expects 2024 to be a year of transition. Based on this current outlook, it is adopting a more cautious view and expects sales to be similar to their level in 2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.