ASML (ASML) Q4 2024 earnings summary

Executive summary

• Achieved record 2024 net sales of €28.3 billion and net income of €7.6 billion, with EPS of €19.25 and a gross margin of 51.3%.

• Returned €3.0 billion to shareholders via dividends and share buybacks.

• EUV system sales declined 9% to €8.3 billion, while DUV system sales rose 4% to €12.8 billion.

• Installed Base Management sales increased 16% to €6.5 billion.

• Significant progress in metrology and inspection systems, with 20% sales growth and first revenue from eScan 1100 multibeam systems.

Financial highlights

• Q4 2024 net sales reached a record €9.3 billion, with gross margin at 51.7% for the quarter and 51.3% for the year.

• Net income for 2024 was €7.6 billion, with EPS of €19.25.

• Operating income reached €9.0 billion, 31.9% of net sales; net income margin was 26.8%.

• Sold 418 new lithography systems and 38 used systems in 2024.

• Net bookings for the year were €18.9 billion, with Q4 net bookings at €7.1 billion.

Outlook and guidance

• Q1 2025 net sales expected between €7.5–8.0 billion, gross margin 52–53%.

• Full-year 2025 net sales guidance: €30–35 billion, gross margin 51–53%, effective tax rate ~17%.

• By 2030, revenue expected between €44–60 billion, gross margin 56–60%.

• R&D costs for Q1 2025 projected at €1,140 million; SG&A at €290 million.