ASML BREAKING: we just reported our Q4 and full-year 2024 financial results!

[Daniel Nenni]

ASML reports €28.3 billion total net sales and €7.6 billion net income in 2024​

2025 total net sales expected to be between €30 billion and €35 billion
Press release - Veldhoven, The Netherlands, January 29, 2025
Today, ASML Holding NV (ASML) has published its 2024 fourth-quarter and full-year results.

• Q4 total net sales of €9.3 billion, gross margin of 51.7%, net income of €2.7 billion
• Quarterly net bookings in Q4 of €7.1 billion2 of which €3.0 billion is EUV
• 2024 total net sales of €28.3 billion, gross margin of 51.3%, net income of €7.6 billion
• ASML expects Q1 2025 total net sales between €7.5 billion and €8.0 billion, and a gross margin between 52% and 53%
• ASML expects 2025 total net sales to be between €30 billion and €35 billion, with a gross margin between 51% and 53%

CEO statement and outlook​

"Our fourth-quarter was a record in terms of revenue, with total net sales coming in at €9.3 billion, and a gross margin of 51.7%, both above our guidance. This was primarily driven by additional upgrades. We also recognized revenue on two High NA EUV systems. We shipped a third High NA EUV system to a customer in the fourth quarter.

"ASML achieved another record year, ending with total net sales for 2024 of €28.3 billion, and a gross margin of 51.3%.

"We expect first-quarter total net sales between €7.5 billion and €8.0 billion, with a gross margin between 52% and 53%. ASML expects R&D costs of around €1,140 million and SG&A costs of around €290 million. As we communicated last October, we expect total net sales for the year between €30 billion and €35 billion, with a gross margin between 51% and 53%.

"Consistent with our view from the last quarter, the growth in artificial intelligence is the key driver for growth in our industry. It has created a shift in the market dynamics that is not benefiting all of our customers equally, which creates both opportunities and risks as reflected in our 2025 revenue range," said ASML President and Chief Executive Officer Christophe Fouquet.

Update dividend and share buyback program​

ASML intends to declare a total dividend for the year 2024 of €6.40 per ordinary share, which is a 4.9% increase compared to 2023. An interim dividend of €1.52 per ordinary share will be made payable on February 19, 2025. Recognizing this interim dividend and the two interim dividends of €1.52 per ordinary share paid in 2024, this leads to a final dividend proposal to the General Meeting of €1.84 per ordinary share.

In the fourth quarter, we did not purchase any shares under the current 2022-2025 share buyback program.

Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML's website.

Quarterly video interview, annual press conference and investor call​

With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2024 fourth-quarter and full-year results and outlook for 2025. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.

CEO Christophe Fouquet and CFO Roger Dassen will host a press conference in Veldhoven on January 29, 2025, at 11:00 Central European Time, which will also be accessible via a live webcast on www.asml.com.

An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on January 29, 2025 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

 

[Daniel Nenni]

AMSTERDAM, Jan 30 (Reuters) - Top computer chip equipment maker ASML has decided to stop publishing the most closely-watched figure in its quarterly financial results, new order bookings, saying it is too "lumpy" and leads to excessive volatility in its share price.
The Dutch company says its own forecasts are a better guide, as they are based on discussions with chipmakers about their capacity plans, in which ASML's circuit-printing machinery plays a major role.

https://www.reuters.com/technology/asml-stop-publishing-most-closely-watched-metric-bookings-2025-01-30

 

[Daniel Nenni]

Did ASML thank China? ASML's revenue from China rose to approximately €9 billion, up from €6.4 billion in 2023. With restrictions, 2025 will be more difficult with China business. I am even seeing US companies not wanting to work with China based EDA and IP companies. That was the big talk at Designcon this week. Quite a few China based companies were there and complaining. The feeling is that the next 4 years are going to get worse.

 

[Jert]

It appears equipment companies view China as a temporary cash cow but long term a diminishing pie, with the mid to lower ends (28nm and older) being gradually replaced by local chinese equipment suppliers (mostly handpicked and supported by Chinese gov directly or indirectly, quotas placed on fabs to buy local) and higher ends (14nm and newer) being restricted and choked off by US gov. Not seeing any major players making long term investments inside China but mostly just take the orders, build and ship. No interest in "partnering" or "Joint-venture" because you will be just setting yourself up for major disappointment when you realize your IP and stuff are getting stolen...

 

[lefty]

Am I the only one that thinks AMSL priortised Chinese order fulfilment last year, so that the backlog wouldn't be wiped out by future US restrictions?