ASML Posts Growth in Q3 Net Income, Sales

ASML (ASML.AS) said Wednesday that net income and sales gained year over year in the third quarter of 2023.

Net income for the three months ended Oct. 1 was 1.89 billion euros, compared with 1.70 billion euros a year ago. EPS was 4.81 euros, compared with 4.29 euros.

Net sales of the chip-making equipment maker were 6.67 billion euros, compared with 5.78 billion euros previously.

Analysts polled by Visible Alpha were expecting 1.80 billion euros in net income or 4.57 euros per share, while revenue was estimated at 6.69 billion euros.

Meanwhile, the board announced an interim dividend of 1.45 euros per share for the period, payable on Nov. 10 to shareholders on record Nov. 2. It paid 1.37 euros per share a year ago.

Looking ahead, the Dutch company expects net sales between 6.7 billion euros and 7.1 billion euros for the fourth quarter. It also restated its expectation to grow net sales towards 30% in 2023.

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