ASML Holding (NASDAQ:ASML) shares gained over 6% intra-day today after the semiconductor equipment giant delivered a stellar fourth-quarter performance, surpassing expectations with record net sales of €9.3 billion.
The company’s revenue exceeded its prior forecasts, supported by a robust gross margin of 51.7% and net income of €2.7 billion for the quarter. A key driver of this growth was the expansion of system upgrades and the successful revenue recognition from two High-NA EUV systems, a cutting-edge lithography technology critical for next-generation semiconductor fabrication. Additionally, ASML completed the shipment of a third High-NA EUV system before year-end, further solidifying its market leadership.
For the full year, ASML generated net sales of €28.3 billion, slightly improving upon the €27.6 billion reported in 2023, while maintaining a steady gross margin of 51.3%. Annual net income climbed to €7.6 billion. Although the company shipped fewer lithography systems in 2024—380 compared to 421 in the previous year—strong demand for EUV systems and increased service-related revenue helped offset the decline.
Looking ahead, ASML is forecasting 2025 net sales between €30 billion and €35 billion, with gross margins expected to range from 51% to 53%. For the first quarter, the company anticipates revenue between €7.5 billion and €8.0 billion, alongside a gross margin of 52% to 53%.