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ASML received orders for 23 EUV systems in the third quarter

ASML 16 released the third quarter of 2019. According to the financial report, ASML's net sales in the third quarter of 2019 were 3 billion euros, net income was 627 million euros, and gross margin was 43.7%.

It is estimated that the net sales in the fourth quarter of 2019 will fall to around 3.9 billion euros, up 30% from the third quarter, and the gross profit margin is about 48% to 49%.

ASML President and CEO Peter Wennink said that ASML's sales and gross margin in the third quarter of 2019 were in line with financial results. And because of the terminal market technology and applications such as 5G and artificial intelligence, advanced process chips are needed. Therefore, before the end of the year, the demand for logic chip customers is expected to continue to be strong.

As for EUV, ASML indicates that customers have made steady progress. In the third quarter of 2019, in addition to the completion of a total of seven EUV system shipments, three of which are NXE: 3400C, this season also received orders for 23 EUV systems, not only set a record for the highest order amount in ASML single season, but also It is confirmed that both logic and memory chip customers are actively introducing the EUV system into mass production.

In summary, ASML's overall revenue target for 2019 remains unchanged, and 2019 is still a year of growth for ASML.

Looking ahead to the operating conditions in the fourth quarter of 2019, ASML estimates net sales of 3.9 billion euros and gross margins of 48% to 49%. Research and development costs are about 500 million euros, and administrative expenses (SG&A) are about 135 million euros.