- ASML reported third-quarter bookings of €2.63 billion, significantly below the estimated €5.39 billion, marking a 53% decrease from the previous quarter.
- Despite the booking shortfall, net sales increased by 20% from the previous quarter to €7.47 billion, surpassing the estimate of €7.17 billion.
- The gross margin for the third quarter was 50.8%, slightly below last quarter’s 51.5%, but slightly above the estimate of 50.7%.
- Net income rose by 32% from the previous quarter, reaching €2.08 billion, which exceeded the estimate of €1.91 billion.
- Cash and other assets remained stable at €4.99 billion, a slight decrease of 0.7% from the previous quarter, but above the estimate of €4.86 billion.
- For the fourth quarter, ASML forecasts net sales of €8.8 billion to €9.2 billion, with a projected gross margin of 49% to 50%, which is slightly below the estimated 50.5%.
- The company projects annual net sales for 2024 to be €28 billion, marginally above the estimate of €27.71 billion.
- For 2025, ASML anticipates a gross margin of 51% to 53%, a reduction from previously expected figures, against an estimate of 53.9%.
- The 2025 net sales forecast is set between €30 billion to €35 billion, adjusted from an earlier range and compared to the estimate of €35.94 billion.
- ASML shares fell by 7.6% to €732.10, with a trading volume of 448,741 shares, following the announcement.
- Market activity shows 31 buy recommendations and 9 holds, with no sell recommendations listed.
A look at ASML Holding NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ASML Holding NV, a company specializing in semiconductor manufacturing equipment, has received a positive long-term outlook based on Smartkarma Smart Scores. With a Growth score of 4 and a Resilience score of 4, ASML Holding NV is positioned for strong and stable growth in the foreseeable future. The company’s focus on developing cutting-edge technology for chip production and its ability to withstand market challenges showcase its potential for long-term success.
Despite receiving lower scores in Value and Dividend (both at 2) as well as Momentum (2), ASML Holding NV‘s high scores in Growth and Resilience point towards a promising future. These scores suggest that the company’s innovative technology and global reach will drive its growth trajectory and help it navigate through industry fluctuations effectively.
Summary: ASML Holding N.V. is a global leader in semiconductor manufacturing equipment, particularly known for its machines used in chip lithography. With a focus on technological advancement and a strong market presence, the company is poised for long-term success in the semiconductor industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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