ASML, the manufacturer of chip production machinery, has reported its financial results for the third quarter of 2023. The total sales reached €6.673 billion, representing a 15.5% increase compared to the same period last year. The net profit also saw a notable growth of 11%, amounting to €1.893 billion. However, it experienced a slight decrease compared to the second quarter of 2023.
Reflecting on these numbers, Peter Wennink, CEO of ASML, commented on the semiconductor industry being currently in a trough. This low point is expected to continue until the end of the year, with visible changes anticipated in 2024. The year 2024 is crucial for ASML as it prepares to support the growth expected in 2025.
Looking ahead to 2023, ASML envisions achieving a significant sales growth rate of 30%.
To summarize, ASML, the leading chip production machinery manufacturer, reported strong financial performance for the third quarter of 2023, with record-breaking sales and net profit. Despite a small decline compared to the previous quarter, the company remains optimistic about the future, anticipating a turning point in the semiconductor industry by 2024 and targeting substantial sales growth for the upcoming year.
TLDR: ASML, a prominent chip production machinery manufacturer, achieved impressive growth in sales and net profit for Q3 2023. CEO Peter Wennink anticipates changes in the semiconductor industry and foresees a pivotal year in 2024, preparing for substantial growth in 2025. ASML aims to achieve a remarkable 30% sales growth in 2023.