ASML shatters records with 2024 sales and profits
Veldhoven, Wednesday, 29 January 2025.
ASML has reported record-breaking net sales of 28.3 billion euros for 2024, alongside a remarkable net income of 7.6 billion euros. The surge in earnings comes amid escalating demand for ASML’s EUV lithography systems, solidifying its leadership in the semiconductor sector. The company anticipates even greater financial success in 2025, projecting net sales in the range of 30 to 35 billion euros. This forecast taps into the growing momentum of the AI-driven semiconductor market. ASML plans to benefit stakeholders through increased dividends and share buybacks. Despite these gains, the company remains vigilant of potential challenges such as fluctuating customer demand and geopolitical uncertainties, impacting both industry capacity and the broader macroeconomic environment. ASML’s outlook suggests a dynamic yet cautious approach as it navigates these risks while aiming for continued financial growth and market expansion.
Record-breaking fourth quarter performance
ASML’s growth trajectory reached new heights in Q4 2024, with net sales hitting €9.26 billion, surpassing market expectations of €9.07 billion [1][3]. The company’s net profit reached €2.69 billion, exceeding analyst forecasts of €2.64 billion [1]. Most notably, net bookings skyrocketed to €7.09 billion, marking a 169 percent increase from Q3’s €2.63 billion [2][3].
AI drives demand despite market concerns
Despite recent market volatility triggered by DeepSeek’s AI breakthrough, ASML’s CEO Christophe Fouquet maintains a bullish outlook on AI-driven demand [4]. The company secured €3 billion in orders for its advanced EUV systems in Q4 [2]. Morningstar’s chief equity strategist Michael Field endorsed ASML’s performance, suggesting the company’s valuation could approach €850 per share [4].
Strong outlook for 2025
ASML projects Q1 2025 net sales between €7.5 billion and €8 billion, with gross margins of 52-53% [1][5]. The company expects full-year 2025 sales to reach €30-35 billion [1]. Shareholder returns will increase through a proposed dividend of €6.40 per share for 2024, representing a 4.9 percent rise from 2023 [1][5].