ASML Holding NV, a key player in the semiconductor industry, has announced a significant financial milestone with total net sales reaching €7.5 billion and a net income of €2.1 billion for the third quarter of 2024. This impressive performance reflects a gross margin of 50.8%, which aligns with the company's expectations.

The company has ambitious projections for the future, estimating total net sales for 2024 to be around €28 billion. Looking further ahead, ASML anticipates sales between €30 billion and €35 billion for 2025, coupled with a gross margin between 51% and 53%. These figures demonstrate a robust outlook, despite some challenges in certain market segments.

A Breakdown of Q3 Performance:

- Total net sales for Q3: €7.5 billion

- Gross margin: 50.8%

- Net income: €2.1 billion

- Quarterly net bookings: €2.6 billion (with €1.4 billion attributed to Extreme Ultraviolet (EUV) technology)

- Sales of new lithography systems: 106 units (up from 89 units in Q2)