ASML Holding 3Q Net Profit Rose 64% on High Demand

By Ian Walker

ASML Holding NV on Wednesday reported a 64% rise in third-quarter net profit, beating analysts' consensus, and said that demand continues to be high.

The Dutch semiconductor-equipment maker said it needs to increase capacity to meet demand for memory and logic modes given the current chip shortage.

Net profit for the quarter ended Oct. 3 rose to 1.74 billion euros ($2.02 billion) compared with EUR1.06 billion for the same period last year and a consensus of EUR1.63 billion, taken from FactSet and based on eight analysts' forecasts.

Net sales for the quarter were EUR5.24 billion compared with EUR3.96 billion for the year-earlier period and guidance of between EUR5.2 billion and EUR5.4 billion provided by the company earlier this year.

Gross margin for the quarter was 51.7% compared with 47.5% and guidance provided by the company of 51%-52%.

For the fourth quarter, ASML expects net sales of between EUR4.9 billion and EUR5.2 billion with a gross margin of between 51% and 52%.

The board has declared an interim dividend of EUR1.80 a share.

Write to Ian Walker at [e-mail]

(END) Dow Jones Newswires

October 20, 2021 01:32 ET (05:32 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.