A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.
Peter Boer | Bloomberg | Getty Images
Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter.
Here’s how ASML did versus LSEG consensus estimates for the fourth quarter:
- Net sales: 9.26 billion euros versus 9.07 billion euros expected.
- Net profit: 2.69 billion euros versus 2.64 billion euros expected.
ASML suffered losses during a global tech sell-off earlier in the week after Chinese startup DeepSeek’s low-cost AI application triggered questions over competitiveness and U.S. leadership in the sector.
This breaking news story is being updated.
ASML Reports Strong Earnings in Q4 2024
ASML, the world’s leading provider of lithography systems for the semiconductor industry, has reported strong earnings in the fourth quarter of 2024. The company posted a revenue of $5.2 billion, surpassing analysts’ expectations and marking a 15% increase from the previous quarter.
ASML’s net income for the quarter was $1.2 billion, reflecting a 20% increase from the same period last year. The company’s gross margin also improved to 48%, driven by higher demand for its advanced EUV (extreme ultraviolet) systems.
“We are pleased with our performance in the fourth quarter, as we continue to see strong demand for our cutting-edge lithography technology,” said ASML CEO Peter Wennink. “Our customers are increasingly adopting EUV technology for their next-generation chip production, driving our growth and profitability.”
Looking ahead, ASML expects continued momentum in 2025, as the semiconductor industry continues to experience robust demand for advanced chips. The company is also investing in research and development to further enhance its lithography systems and maintain its competitive edge in the market.
Overall, ASML’s strong earnings in Q4 2024 demonstrate its position as a key player in the semiconductor industry and its ability to capitalize on the growing demand for advanced chip technology.
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