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ASML reports €21.2 billion net sales and €5.6 billion net income in 2022

Despite challenging environment, continued strong sales growth expected in 2023

Press release - Veldhoven, the Netherlands, January 25, 2023

Today ASML Holding NV (ASML) has published its 2022 fourth-quarter and full-year results.

  • Q4 net sales of €6.4 billion, gross margin of 51.5%, net income of €1.8 billion
  • Quarterly net bookings in Q4 of €6.3 billion2 of which €3.4 billion is EUV
  • 2022 net sales of €21.2 billion, gross margin of 50.5%, net income of €5.6 billion
  • ASML expects 2023 net sales to grow over 25% compared to 2022
  • ASML expects Q1 2023 net sales between €6.1 billion and €6.5 billion and a gross margin between 49% and 50%
  • The value of fast shipments* in 2022 leading to delayed revenue recognition into 2023 is around €3.1 billion
  • ASML intends to declare a total dividend for the year 2022 of €5.80 per ordinary share; a 5.5% increase compared to 2021

 

(*) A fast shipment process skips some of the testing in our factory. Final testing and formal acceptance then takes place at the customer site. This leads to a deferral of revenue recognition for those shipments until formal customer acceptance, but does provide our customers with earlier access to wafer output capacity.

(Figures in millions of euros unless otherwise indicated) Q3 2022 Q4 2022 FY 2021 FY 2022
Net sales 5,778 6,430 18,611 21,173
...of which Installed Base Management sales 1 1,524 1,682 4,958 5,743
         
New lithography systems sold (units) 80 95 286 317
Used lithography systems sold (units) 6 11 23 28
         
Net bookings 2 8,920 6,316 26,240 30,674
         
Gross profit 2,994 3,311 9,809 10,700
Gross margin (%) 51.8 51.5 52.7 50.5
         
Net income 1,701 1,817 5,883 5,624
EPS (basic; in euros) 4.29 4.60 14.36 14.14
         
End-quarter cash and cash equivalents and short-term investments 3,363 7,376 7,590 7,376

(1) Installed Base Management sales equals our net service and field option sales.


(2) Net bookings include all system sales orders and inflation related adjustments, for which written authorizations have been accepted.


Numbers have been rounded for readers' convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com.

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About ASML


ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across Europe, the US and Asia. Every day, ASML’s more than 39,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

US GAAP and IFRS Financial Reporting


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