ASML Holding (NASDAQ: ASML) Announces 2020 Q3 Results

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ASML Holding N.V. (NASDAQ: ASML) has revealed today the financial results of 2020 Q3. The semiconductor company has reported the net sales of €4.0 billion, a net income of €1.1 billion, and a Gross Margin of 46.5%. ASML Holding has disclosed that its net booking for the third quarter of 2020 was €2.9 billion. The company reported that it has experienced positive growth in the third quarter of 2020.

The semiconductor company has projected the double-digit growth for next year on strong end-demand for electronic devices.  In the third quarter of 2019, ASML posted a net profit of 627 million euros and sales of 3 billion euros. If we look at its main customers we see big names including Samsung Electronics Co Ltd., Intel Corporation, and Taiwan Semiconductor Manufacturing Co Ltd.

The company has also shared the products and business highlights. It has reported that its DUV lithography business, has been recognized as the first TWINSCAN NXT:2050i in Q3, which shipped in early Q4. Furthermore, it revealed that in its EUV business, the vast majority of the TWINSCAN NXE:3400B systems in the field has now been upgraded with productivity packages.

ASML Holding N.V. (NASDAQ: ASML) shares were trading up 1.53% at $405.15 during the trading session of  Tuesday. ASML Holding N.V. (ASML)share price went from a low point around $191.25 to briefly over $402.86 in the past 52 weeks, though shares have since pulled back to $405.15. It has moved up 111.84% and 0.57% from its 52-weeks low and high, respectively. ASML market cap has remained high, hitting $167.99 billion at the time of writing.

ASML’s CEO has provided the outlook for 2021. CEO reports that the company foresees fourth-quarter revenue of between €3.6 billion and €3.8 billion with a gross margin of around 50%. It is expecting its R&D costs of €550 million and SG&A costs of €140 million. The company outlook for the full year 2020 is therefore confirmed. The projected annualized effective tax rate is around 14% for 2020. ASML revealed that it is anticipating the ‘low double-digit growth’ in 2021 because of the uncertainties prevailing due to the ongoing pandemic.

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