By Mauro Orru
ASML Holding posted better-than-expected orders of its chip-making equipment for the third quarter as demand for sophisticated semiconductors to power artificial intelligence shows no sign of abating.
The Dutch group reported orders of 5.40 billion euros ($6.27 billion), up from 2.63 billion euros a year earlier and above analysts' forecast of nearly 5.36 billion euros, according to consensus estimates by Visible Alpha.
The company, which sells chip-making tools to the likes of Intel and Samsung Electronics, booked 3.6 billion euros in orders for its extreme ultraviolet lithography machines, high-end systems that enable semiconductor producers to print the most intricate layers on chips. Analysts had forecast 2.22 billion euros in EUV orders.
Meanwhile, ASML said it doesn't expect sales next year to be below the 2025 figure. The group confirmed its guidance for 2025, projecting sales growth of around 15% on year to roughly 32.50 billion euros and a gross margin of about 52%.
ASML reported sales of 7.52 billion euros for the quarter, up from 7.47 billion euros a year earlier. The figure is below analysts' forecast but in line with company guidance.
Net profit grew to nearly 2.13 billion euros from 2.08 billion euros a year earlier, beating market expectations. Gross profit--a closely watched metric for companies operating in the semiconductor industry--came in at 3.88 billion euros, generating a 51.6% margin that beat consensus and touched the higher end of company guidance.
For the current quarter, the company expects sales between 9.2 billion euros and 9.8 billion euros, with a gross margin between 51% and 53%.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
10-15-25 0142ET
