ASML Stock Surges 11% as Q4 2024 Earnings Beat Est…
From Financial Modeling Prep: 2025-01-29 05:17:43
ASML Holding (AS:ASML) shares surged 11.1% after reporting record-breaking Q4 2024 results, including €9.3 billion revenue, 51.7% gross margin, and €2.7 billion net income, driven by high-NA EUV system sales.
Despite selling fewer lithography systems in 2024, ASML’s strong financial performance was fueled by EUV technology and service-related revenue, with total net sales reaching €28.3 billion, gross margin at 51.3%, and net income of €7.6 billion.
Booming semiconductor demand led to Q4 net bookings of €7.1 billion and full-year bookings of €18.9 billion, with €3 billion in EUV system orders in Q4, signaling a strong market impact.
With a strong rebound in bookings and record Q4 revenue, ASML indicates a potential semiconductor industry upcycle ahead, highlighting its financial strength and valuation in the market.
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