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To: Return to Sender who wrote (90879)	10/16/2023 9:31:54 AM
From: Julius Wong	Respond to of 95587

ASML slips as Canon unveils advanced tool to create advanced semiconductors Message 34446774

To: Return to Sender who wrote (90879)

10/18/2023 3:03:48 AM

From: Return to Sender

Respond to of 95587

ASML reports €6.7 billion net sales and €1.9 billion net income in Q3 2023ASML confirms its expectation to grow towards 30% in 2023

Q3 2023 financial results | ASML

PRESS RELEASE - VELDHOVEN, THE NETHERLANDS, OCTOBER 18, 2023

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 billion2 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

Net sales	6,902	6,673
...of which Installed Base Management sales 1	1,296	1,365

New lithography systems sold (units)	107	105
Used lithography systems sold (units)	6	7

Net bookings 2	4,500	2,602

Gross profit	3,544	3,462
Gross margin (%)	51.3	51.9

Net income	1,942	1,893
EPS (basic; in euros)	4.93	4.81

End-quarter cash and cash equivalents and short-term investments	6,346	4,981

(Figures in millions of euros unless otherwise indicated)Q2 2023Q3 2023
(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 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.

"We expect fourth-quarter net sales between €6.7 billion and €7.1 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around €1,030 million and SG&A costs of around €285 million. ASML confirms its expectation for strong growth for 2023 with a net sales increasing towards 30% and a slight improvement in gross margin, relative to 2022," said ASML President and Chief Executive Officer Peter Wennink.

Update dividend and share buyback program

An interim dividend of €1.45 per ordinary share will be made payable on November 10, 2023.

In the third quarter we purchased around €100 million worth of 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.

Quarterly video interview and investor call

With this press release, ASML has published a video interview in which CFO Roger Dassen discusses the 2023 third-quarter results and outlook for 2023. 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 Peter Wennink and CFO Roger Dassen on October 18, 2023 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on Q3 2023 page.