ASML Holding Sees Flat 2024 Revenue on Demand Uncertainty
18 October 2023 - 4:56PM
Dow Jones News
By Elena Vardon
ASML Holding said it expects revenue next year to be similar to
2023 given uncertainty around demand recovery in the semiconductor
industry but posted better-than-expected net income 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 said, adding 2024 is seen as a transition year.
The Amsterdam-listed group on Wednesday posted a net income for
the third quarter of 1.89 billion euros ($2.0 billion) compared
with EUR1.94 billion for the same period last year. Analysts polled
by FactSet had expected EUR1.82 billion.
The Dutch semiconductor-equipment maker confirmed it expects net
sales to grow 30% on year in 2023, with a slight improvement in
gross relative margin. It had posted EUR13.6 billion in net sales
and a 49.1% gross margin for 2022.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
October 18, 2023 01:41 ET (05:41 GMT)
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