ASML Holding GAAP EPS of €5.20, revenue of €7.2B; initiates Q1 and FY24 outlook

8 1 minute read

Mohamad Faizal Bin Ramli

Dutch semiconductor equipment company ASML Holding (NASDAQ:ASML) has initiated its Q1 and FY24 outlook and reported Q4 results.
GAAP EPS of €5.20.
Revenue of €7.2B (+12.5% Y/Y).
Quarterly net bookings in Q4 of €9.2 billion of which €5.6 billion is EUV.
“ASML achieved another strong year in 2023 with 30% growth, ending with total net sales for the year of €27.6 billion, a gross margin of 51.3% and a backlog of €39 billion. We shipped the first modules of the first High NA EUV system, EXE:5000, to a customer before the end of the year.”
Outlook: ASML expects 2024 net sales to be similar to 2023.
ASML expects Q1 2024 net sales between €5.0 billion and €5.5 billion and a gross margin between 48% and 49%.
“ASML expects R&D costs of around €1,070 million and SG&A costs of around €300 million. In spite of the positive signs as described above, we maintain our conservative view for the total year and expect 2024 revenue to be similar to 2023. We also expect 2024 to be an important year to prepare for significant growth that we expect for 2025,” said ASML President and Chief Executive Officer Peter Wennink.