MW ASML bookings blow by expectations as profit climbs 32%
By Steve Goldstein
ASML, the maker of advanced microchip-making equipment, on Wednesday reported better-than-expected earnings after foundries upgraded their machines as its bookings surged ahead of estimates.
ASML's $(ASML)$ (NL:ASML) profit rose 32% to EUR2.69 billion as sales rose 28% to EUR9.27 billion. Analysts polled by Visible Alpha expected a profit of EUR2.63 billion on sales of EUR9.04 billion.
Net bookings reached EUR7.1 billion, well ahead of the EUR4 billion estimate.
The Nasdaq-100 component reiterated its guidance from October for 2025 sales between EUR30 billion and EUR35 billion, with a gross margin between 51% and 53%.
"Consistent with our view from the last quarter, the growth in artificial intelligence is the key driver for growth in our industry. It has created a shift in the market dynamics that is not benefiting all of our customers equally, which creates both opportunities and risks as reflected in our 2025 revenue range," said ASML President and Chief Executive Officer Christophe Fouquet in a statement.
-Steve Goldstein
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January 29, 2025 02:13 ET (07:13 GMT)
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