ASML Q3 revenue was better than expected: sales of 5.8 billion euros, net profit of 1.7 billion euros, and accumulated orders of 33 billion euros

On October 19, Reuters reported that ASML, a key equipment supplier for computer chip manufacturing, on Wednesday reported better-than-expected third-quarter sales and profit, as well as a record number of new orders.

Data show that during the reporting period, ASML’s sales were 5.8 billion euros and net profit was 1.7 billion euros (about 1.67 billion U.S. dollars).

Analysts at research firm Refinitiv expected third-quarter sales of 5.41 billion euros and a net profit of 1.42 billion euros.

In contrast, in the second quarter of 2022, ASML's sales were 5.78 billion euros and net profit was 1.7 billion euros.

According to a Reuters report on the 18th, ASML is still digesting accumulated orders worth 33 billion euros (about 32.5 billion U.S. dollars), which may last until 2024. However, the market is watching closely for any possible changes.

ASML is still assessing the possible impact of the new U.S. regulations after the U.S. announced the expansion of export controls on Chinese chips. It is reported that less than 25% of ASML's lithography equipment (about 160 million US dollars) used to make chips comes from the United States.

According to the report, TSMC said last week that it had substantially revised down its capital expenditure by 10%, partly due to "challenges in equipment delivery," apparently referring to ASML.

ASML said in July that it was struggling with "increasingly" supply constraints, including at the component level at its own suppliers, that could continue until the end of the year. As such, the company will announce to the market in November whether it can expand capacity by 2025.