ASML Expects Q3 2024 Net Sales Of €6.7B-€7.3B Vs. €7.608B Consensus; Sees Gross Margin Between 50%-51%
Portfolio Pulse from Benzinga Newsdesk
ASML has provided its Q3 2024 financial outlook, expecting net sales between €6.7 billion and €7.3 billion, which is below the consensus of €7.608 billion. The company also anticipates a gross margin between 50% and 51%, with R&D costs around €1,100 million and SG&A costs around €295 million. ASML's full-year 2024 outlook remains unchanged, viewing 2024 as a transition year with significant investments in capacity and technology, driven by strong developments in AI.
July 17, 2024 | 5:13 am
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ASML's Q3 2024 net sales forecast of €6.7B-€7.3B is below the consensus of €7.608B, which may lead to short-term negative sentiment. However, the company's focus on AI-driven growth and unchanged full-year outlook could mitigate some concerns.
The lower-than-expected Q3 2024 net sales forecast is likely to result in short-term negative sentiment among investors. However, the company's focus on AI and an unchanged full-year outlook may provide some reassurance.
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