ASML Reports €28.3 Billion Total Net Sales and €7.6 Billion Net Income in 2024

[GFreeman]

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 billion 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.



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[ToTTenTranz]

I'm constantly baffled at how little ASML makes, considering its importance in the global semiconductor market worth thousands more than their revenue.
Why aren't they charging $1B for each state-of-the-art scanner, if TSMC can very quickly recoup that cost considering they keep jacking up their prices?


Same thing with ARM. They design the CPU architecture and ISA for most computational systems out there, yet take such a small piece of the pie.

 

[Nostras]

I'm constantly baffled at how little ASML makes, considering its importance in the global semiconductor market worth thousands more than their revenue.
Why aren't they charging $1B for each state-of-the-art scanner, if TSMC can very quickly recoup that cost considering they keep jacking up their prices?


Same thing with ARM. They design the CPU architecture and ISA for most computational systems out there, yet take such a small piece of the pie.

If I had to guess they make bank on service contracts.

 

[WatchThe80s]

I'm constantly baffled at how little ASML makes, considering its importance in the global semiconductor market worth thousands more than their revenue.
Why aren't they charging $1B for each state-of-the-art scanner, if TSMC can very quickly recoup that cost considering they keep jacking up their prices?


Same thing with ARM. They design the CPU architecture and ISA for most computational systems out there, yet take such a small piece of the pie.

If they jack up the prices, so will TSMC and everyone else.

 

[Prima.Vera]

I'm constantly baffled at how little ASML makes, ...

28.3 Billion $ is little ??

 

[Daven]

I'm constantly baffled at how little ASML makes, considering its importance in the global semiconductor market worth thousands more than their revenue.
Why aren't they charging $1B for each state-of-the-art scanner, if TSMC can very quickly recoup that cost considering they keep jacking up their prices?


Same thing with ARM. They design the CPU architecture and ISA for most computational systems out there, yet take such a small piece of the pie.

How do you know they aren’t charging $1B over the lifetime of the machine (initial cost, service contracts, consumables, replacement parts, insurance, tech expertise contracts, etc.)?

 

[Caring1]

28.3 Billion $ is little ??

That's the net sales, NOT profit.

 

[Wirko]

How do you know they aren’t charging $1B over the lifetime of the machine (initial cost, service contracts, consumables, replacement parts, insurance, tech expertise contracts, etc.)?

There's an "Installed base management" category in several slides, it brought ASML 6.5 billion € in 2024.

In addition to what you said, they also upgrade the machines, for example, they fit more powerful DUV/EUV sources when they become available.

And there's the whole refurbishing business of course, where used machines get inspected, dismantled, transported to China (where else?), updated etc. so ASML can sell them with proper warranty.