Today ASML Holding NV (ASML) has published its 2023 third-quarter results.

• Q3 net sales of €6.7 billion, gross margin of 51.9%, net income of €1.9 billion
• Quarterly net bookings in Q3 of €2.6 billion of which €0.5 billion is EUV
• ASML expects Q4 2023 net sales between €6.7 billion and €7.1 billion and a gross margin between 50% and 51%
• ASML confirms its expectation to grow net sales towards 30% in 2023

CEO statement and outlook
"Our third-quarter net sales came in at €6.7 billion, around the midpoint of our guidance, with a gross margin of 51.9%, higher than guided, primarily driven by the DUV product mix and some one-off costs effects. "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. Customers continue to be uncertain about the shape of the demand recovery in the industry. We therefore expect 2024 to be a transition year. Based on our current perspective, we take a more conservative view and expect a revenue number similar to 2023. But we also look at 2024 as an important year to prepare for significant growth that we expect for 2025.