ASML announces their financial results for Q3 2024, highlighting strong net sales and income figures, with projections for future sales growth.
Q3 Performance Overview
In Q3 2024, ASML achieved a total net sales of €7.5 billion, which includes a gross margin of 50.8%. The net income for the quarter reached €2.1 billion, indicating a solid performance above previous guidance.
Future Projections
ASML expects total net sales for Q4 2024 to be between €8.8 billion and €9.2 billion and projects total net sales for the year 2024 to be around €28 billion, with an expected increase in 2025.
Net Bookings and Sales Growth
The company reported quarterly net bookings of €2.6 billion in Q3, with a notable €1.4 billion from EUV technology, anticipating a growth in sales in the semiconductor sector.
CEO's Insights
ASML CEO Christophe Fouquet noted strong demand in DUV and Installed Base Management sales while addressing gradual recovery in other markets, indicating cautious optimism for sustained demand.
Dividend and Share Buyback Program
ASML plans to distribute an interim dividend of €1.52 per share, to be paid on November 7, 2024, while informing no shares were purchased under the current share buyback program during the quarter.
About ASML
ASML is a leading supplier in the semiconductor industry, providing essential technology and services for chip manufacturing, and has been instrumental in advancing microchip technology globally.
