ASML earns 52% more until September, but registers a collapse in orders in the third quarter

MADRID, 18 Oct.

ASML earns 52% more until September, but registers a collapse in orders in the third quarter

MADRID, 18 Oct. (EUROPA PRESS) -

ASML, a Dutch manufacturer of lithography machines to create microchips, obtained a net profit of 5,791 million euros in the first nine months of 2023, which implies an improvement of 52% compared to the result recorded by the multinational in the same period of the year. past.

ASML sales through September reached 20,321.5 million euros, 37.8% more than a year before, including a 52.2% increase in sales of new systems, up to 16,256 million, while the provision of Services reported revenues of 4,065 million, 0.1% more.

Between July and September, the company's net profit increased by 11.3% compared to the third quarter of 2022, up to 1,893 million euros, while sales totaled 6,673 million, 15.5% more.

For its part, ASML reported that orders received between January and September reached a value of 10,854 million, a figure 55.4% lower than that of the same period in 2022, including a year-on-year drop of 70.8% in the figure for third quarter, which stood at 2,602 million, 42.2% below the figure for the second quarter.

"The semiconductor industry is currently at the end of the cycle and our customers expect the turning point to be visible later this year as they remain uncertain about the shape of demand recovery in the industry. Therefore, we expect 2024 to be a transition year," said ASML President and CEO Peter Wennink.

In this way, the Dutch company will adopt a more conservative vision and foresees that its income figure will be similar to 2023, although it emphasizes 2024 will be an important year to prepare for the significant growth expected for 2025.

"We expect net sales in the fourth quarter of between €6.7 billion and €7.1 billion with a gross margin of between 50% and 51%," Wennink said.

In this way, ASML confirms its strong growth expectations for 2023 with an increase in net sales of around 30% and a slight improvement in gross margin compared to 2022.

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