ASML reports 55% revenue growth and raises full-year guidance
Image: Primary ASML reported third-quarter revenue of €11.7 billion, up 55% year over year, as AI demand strengthened orders for its EUV lithography systems, Seeking Alpha reported. The systems make patterns used to manufacture semiconductors. Gross margin reached 57.5%, and free cash flow rose over 4,500% year over year.
Management raised its full-year revenue guidance to €44-45 billion, increasing the bottom end by €1 billion. It cited continued investment in AI and cloud infrastructure as drivers of further growth.
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