ASML reports €7.5 billion total net sales and €2.1 billion net income in Q3 2024
ASML reports €7.5 billion total net sales and €2.1 billion net income in Q3 2024, exceeding guidance. The company's gross margin was 50.8%. ASML expects Q4 2024 total net sales between €8.8 billion and €9.2 billion, with a gross margin between 49% and 50%. For the full year 2024, ASML anticipates total net sales of around €28 billion.
Looking ahead to 2025, ASML projects total net sales between €30 billion and €35 billion, with a gross margin between 51% and 53%. This forecast is in the lower half of the range provided at the 2022 Investor Day, reflecting a more gradual market recovery than previously expected. The company notes cautiousness among customers, with slower ramps of new nodes in Logic and capacity additions in Memory.
ASML riporta 7,5 miliardi di euro di vendite nette totali e 2,1 miliardi di euro di reddito netto nel terzo trimestre del 2024, superando le attese. Il margine lordo dell'azienda è stato del 50,8%. ASML prevede per il quarto trimestre del 2024 vendite nette totali comprese tra 8,8 miliardi e 9,2 miliardi di euro, con un margine lordo compreso tra il 49% e il 50%. Per l'intero anno 2024, ASML si aspetta vendite nette totali di circa 28 miliardi di euro.
Guardando al 2025, ASML prevede vendite nette totali comprese tra 30 miliardi e 35 miliardi di euro, con un margine lordo compreso tra il 51% e il 53%. Questa previsione si colloca nella parte bassa del range fornito durante l'Investor Day del 2022, riflettendo una ripresa del mercato più graduale rispetto a quanto inizialmente previsto. L'azienda nota una certa cautela tra i clienti, con una lenta ramp-up dei nuovi nodi in Logica e aumenti della capacità nei Memorie.
ASML reporta 7.5 mil millones de euros en ventas netas totales y 2.1 mil millones de euros en ingresos netos en el tercer trimestre de 2024, superando las expectativas. El margen bruto de la empresa fue del 50.8%. ASML espera para el cuarto trimestre de 2024 ventas netas totales entre 8.8 mil millones y 9.2 mil millones de euros, con un margen bruto entre el 49% y el 50%. Para todo el año 2024, ASML anticipa ventas netas totales de alrededor de 28 mil millones de euros.
Mirando hacia 2025, ASML proyecta ventas netas totales entre 30 mil millones y 35 mil millones de euros, con un margen bruto entre el 51% y el 53%. Esta previsión se encuentra en la parte baja del rango proporcionado en el Investor Day de 2022, reflejando una recuperación del mercado más gradual de lo que se esperaba anteriormente. La empresa observa cautela entre los clientes, con rampas más lentas de nuevos nodos en Lógica y adiciones de capacidad en Memoria.
ASML은 2024년 3분기에 75억 유로의 총 순매출과 21억 유로의 순이익을 보고하며, 가이던스를 초과 달성했습니다. 회사의 총마진은 50.8%였습니다. ASML은 2024년 4분기에 총 순매출이 88억 유로에서 92억 유로 사이일 것이며, 총마진은 49%에서 50% 사이일 것으로 예상하고 있습니다. 2024년 전체 연간 총 순매출은 약 280억 유로에 이를 것으로 보입니다.
2025년을 바라보며 ASML은 총 순매출을 300억 유로에서 350억 유로 사이로 예상하고 있으며, 총마진은 51%에서 53% 사이일 것으로 보입니다. 이 전망은 2022년 투자자 보고회에서 제공된 범위의 하위에 위치하며, 예상보다 더 완만한 시장 회복을 반영합니다. 회사는 고객들 사이에 조심스러운 분위기가 있으며, 로직의 새로운 노드 및 메모리 용량 추가가 더디게 진행되고 있음을 언급했습니다.
ASML annonce un chiffre d'affaires net total de 7,5 milliards d'euros et un bénéfice net de 2,1 milliards d'euros pour le troisième trimestre 2024, dépassant ainsi les prévisions. La marge brute de l'entreprise était de 50,8 %. ASML prévoit pour le quatrième trimestre 2024 un chiffre d'affaires net total compris entre 8,8 milliards et 9,2 milliards d'euros, avec une marge brute comprise entre 49 % et 50 %. Pour l'année entière 2024, ASML anticipe un chiffre d'affaires net total d'environ 28 milliards d'euros.
Regardant vers 2025, ASML projette un chiffre d'affaires net total compris entre 30 milliards et 35 milliards d'euros, avec une marge brute comprise entre 51 % et 53 %. Cette prévision se situe dans la partie basse de la fourchette fournie lors de la journée des investisseurs de 2022, reflétant une reprise du marché plus progressive que prévu. L'entreprise note une certaine prudence parmi les clients, avec un ralentissement des lancements de nouveaux nœuds en logique et des ajouts de capacité en mémoire.
ASML berichtet von 7,5 Milliarden Euro Gesamtumsatz und 2,1 Milliarden Euro Nettogewinn im dritten Quartal 2024, was die Erwartungen übertrifft. Die Bruttomarge des Unternehmens lag bei 50,8 %. ASML erwartet im vierten Quartal 2024 einen Gesamtumsatz zwischen 8,8 Milliarden und 9,2 Milliarden Euro, mit einer Bruttomarge zwischen 49 % und 50 %. Für das gesamte Jahr 2024 geht ASML von einem Gesamtumsatz von rund 28 Milliarden Euro aus.
Wenn wir auf 2025 schauen, projiziert ASML einen Gesamtumsatz zwischen 30 Milliarden und 35 Milliarden Euro, mit einer Bruttomarge zwischen 51 % und 53 %. Diese Prognose liegt im unteren Bereich des bei der Investorenkonferenz 2022 bereitgestellten Rahmens und spiegelt eine allmählichere Markterholung wider, als zuvor erwartet. Das Unternehmen weist auf eine gewisse Vorsicht seitens der Kunden hin, mit langsameren Anstiegen neuer Knoten in der Logik und Kapazitätserweiterungen im Speicherbereich.
- Q3 total net sales of €7.5 billion exceeded guidance
- Net income increased to €2.1 billion in Q3 2024
- Quarterly net bookings in Q3 of €2.6 billion
- Expects 2024 total net sales of around €28 billion
- Projects 2025 total net sales between €30 billion and €35 billion
- Market recovery is more gradual than previously expected
- Customer cautiousness due to slower recovery in some market segments
- Slower ramp of new nodes at certain Logic customers
- capacity additions in Memory sector
- 2025 sales projection is in the lower half of the range provided at 2022 Investor Day
Insights
ASML's Q3 2024 results show strong performance with
- 2024 sales forecast of
€28 billion , lower than previous expectations - 2025 sales projection of
€30-35 billion , at the lower end of earlier estimates - Gross margin for 2025 expected between
51-53% , below previous guidance
These adjustments reflect a more gradual market recovery and customer cautiousness. The slower ramp of new nodes in Logic and capacity additions in Memory are impacting EUV demand. Despite these headwinds, ASML's continued growth and strong position in the semiconductor equipment market remain evident. The company's ability to adapt to market dynamics while maintaining profitability is important for long-term investor confidence.
ASML's Q3 results highlight the complex dynamics in the semiconductor industry. The company's performance remains robust, but the outlook indicates a shifting landscape:
- AI-related demand remains strong, particularly in HBM and DDR5 memory
- Logic segment faces challenges due to competitive foundry dynamics
- Memory segment focuses on technology transitions rather than capacity expansion
The delay in EUV demand is significant, as it's a key technology for advanced chip manufacturing. This suggests a potential slowdown in the adoption of cutting-edge nodes by some customers. However, ASML's diverse portfolio, including DUV and Installed Base Management, provides some resilience. The expected shipment of the first two High NA systems in Q4 2024 is a positive development, showcasing ASML's continued technological leadership. Investors should monitor how these industry trends evolve and their impact on ASML's long-term growth trajectory.
ASML reports
ASML expects total net sales for 2024 of around
VELDHOVEN, the Netherlands, October 15, 2024 – Today, ASML Holding NV (ASML) has published its 2024 third-quarter results.
- Q3 total net sales of
€7.5 billion , gross margin of50.8% , net income of€2.1 billion - Quarterly net bookings in Q3 of
€2.6 billion 2 of which€1.4 billion is EUV - ASML expects Q4 2024 total net sales between
€8.8 billion and€9.2 billion , and a gross margin between49% and50% - ASML expects 2024 total net sales of around
€28 billion - ASML expects 2025 total net sales to be between
€30 billion and€35 billion , with a gross margin between51% and53%
| (Figures in millions of euros unless otherwise indicated) | Q2 2024 | Q3 2024 | ||
| Total net sales | 6,243 | 7,467 | ||
| ...of which Installed Base Management sales1 | 1,482 | 1,541 | ||
| New lithography systems sold (units) | 89 | 106 | ||
| Used lithography systems sold (units) | 11 | 10 | ||
| Net bookings2 | 5,567 | 2,633 | ||
| Gross profit | 3,212 | 3,793 | ||
| Gross margin (%) | 51.5 | 50.8 | ||
| Net income | 1,578 | 2,077 | ||
| EPS (basic; in euros) | 4.01 | 5.28 | ||
| End-quarter cash and cash equivalents and short-term investments | 5,019 | 4,985 |
(1) Installed Base Management sales equals our net service and field option sales
(2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.
Numbers have been rounded for readers' convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com
CEO statement and outlook
"Our third-quarter total net sales came in at
"While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover. It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness. Regarding Logic, the competitive foundry dynamics have resulted in a slower ramp of new nodes at certain customers, leading to several fab push outs and resulting changes in litho demand timing, in particular EUV. In Memory, we see limited capacity additions, with the focus still on technology transitions supporting the HBM and DDR5 AI-related demand.
"We expect fourth-quarter total net sales between
Update dividend and share buyback program
An interim dividend of
In the third quarter, we did not purchase any shares under the current 2022-2025 share buyback program.
Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML's website (www.asml.com/investors).
| Media Relations contacts | Investor Relations contacts |
| Monique Mols +31 6 5284 4418 | Skip Miller +1 480 235 0934 |
| Sarah de Crescenzo +1 925 899 8985 | Marcel Kemp +31 40 268 6494 |
| Karen Lo +886 939788635 | Peter Cheang +886 3 659 6771 |
Quarterly video interview and investor call
With this press release, ASML has published a video interview in which CFO Roger Dassen discusses the 2024 third-quarter results and outlook for 2024 and 2025. This video and the transcript can be viewed on www.asml.com.
An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on October 16, 2024 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.
About ASML
ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 43,700 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.
US GAAP Financial Reporting
ASML's primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly Summary US GAAP consolidated statements of operations, consolidated statements of cash flows and consolidated balance sheets are available on www.asml.com.
The consolidated balance sheets of ASML Holding N.V. as of September 29, 2024, the related consolidated statements of operations and consolidated statements of cash flows for the quarter and nine months ended September 29, 2024 as presented in this press release are unaudited.
Regulated information
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Forward Looking Statements
This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor industry and end markets and business environment trends, expected demand, bookings, backlog, expected recovery in the semiconductor industry and expected timing thereof including expected industry recovery continuing in 2025, plans to continue to build capacity, outlook and expected financial results, outlook of market segments, including expected results for Q4 2024, including net sales, IBM sales, gross margin, R&D costs, SG&A costs, outlook for full year 2024, including expected full year 2024 total net sales, gross margin and estimated annualized effective tax rate, expectations and modelling with respect to 2025 revenue and gross margin, statements made at our 2022 Investor Day, including revenue and gross margin opportunity for 2025 and 2030, statements with respect to execution of ESG sustainability strategy, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks, statements with respect to our share buyback program, including the amount of shares that may be repurchased thereunder and statements with respect to dividends, statements with respect to expected performance and capabilities of our systems and customer plans and other non-historical statements. You can generally identify these statements by the use of words like “may”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the current macroeconomic environment on the semiconductor industry, uncertainty around a market recovery including the timing thereof, the impact of inflation, interest rates, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in net bookings and our ability to convert bookings into sales, the risk of order cancellation or push outs and restrictions on shipments of ordered systems under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, exchange rate fluctuations, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase programs, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2023 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.
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