ASML Holding Sees Flat 2024 Revenue on Demand Uncertainty

ASML Holding said it expects revenue next year to be similar to 2023 given uncertainty around demand recovery in the semiconductor industry but posted better-than-expected net income for the third quarter.

“The semiconductor industry is currently working through the bottom of the cycle and our customers expect the inflection point to be visible by the end of this year,” Chief Executive Officer Peter Wennink said, adding that 2024 is seen as a transition year.