ASML Holding NV reports strong growth in 2023, expects similar sales in 2024
AMSTERDAM: ASML Holding NV, the world’s leading supplier of lithography systems for the semiconductor industry, announced its 2023 fourth-quarter and full-year results today. The company achieved a 30% growth in net sales, reaching €27.6 billion for the year, with a gross margin of 51.3%.
The fourth quarter alone saw net sales of €7.2 billion, gross margin of 51.4%, and net income of €2.0 billion.
The company also reported a record quarterly net bookings of €9.2 billion, of which €5.6 billion was from its cutting-edge extreme ultraviolet (EUV) technology. ASML shipped the first modules of its next-generation High NA EUV system, EXE:5000, to a customer in 2023.
ASML President and CEO Peter Wennink said that the semiconductor industry was showing signs of recovery from the bottom of the cycle, and that ASML’s strong order intake supported future demand. He added that the company expected 2024 net sales to be similar to 2023, with a gross margin between 48% and 49% for the first quarter. He also said that 2024 would be an important year to prepare for significant growth in 2025.
ASML also announced its dividend and share buyback program for 2023. The company intends to declare a total dividend of €6.10 per ordinary share, which is a 5.2% increase from 2022. The company did not purchase any shares in the fourth quarter under its 2022-2025 share buyback program.
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