ASML’s third Quarter results show net sales of € 1.81 billion, and a gross margin 46 percent. Expectations for the last part of this year are a net sales between EUR 1.7 and 1.8 billion and a gross margin between 47 and 48 percent. ASML counts on closing the HMI acquisition in the fourth quarter as well. New orders for three EUV systems show the customer base expanding to six.

The systems backlog stays above € 3.4 billion.

CEO Peter Wennink says the third-quarter sales were driven by logic customers building out the 10 nanometer node, which represented more than 80 percent of net system sales, as well as continued growth in net service and field option sales. “We also recognized partial revenue for one EUV system at shipment, which had not been included in our previous guidance. This lifted third-quarter net sales above guidance but also decreased our gross margin by 1.4 percentage points. For the remainder of the year, a mix of sales to both logic and memory customers keeps us on track to finish the year with record annual sales, for the third consecutive year.”

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Author profile picture Bart Brouwers is co-founder and co-owner of Media52 BV, the publisher of innovationorigins.com.