ASML Reports €28.3 Billion Sales, €7.6 Billion Income in 2024

ASML reported impressive financial results for the fourth quarter and full year of 2024, with total net sales reaching €28.3 billion and net income at €7.6 billion. The company's fourth-quarter net sales hit €9.3 billion, exceeding expectations, driven by strong demand for advanced microchip manufacturing tools, particularly in light of increasing investments in artificial intelligence. ASML's net bookings surged to €7.09 billion, reflecting a 169% increase from the previous quarter. The CEO highlighted that the growth in AI is a crucial driver for the semiconductor industry, although it presents both opportunities and challenges for various customers. Looking ahead, ASML expects total net sales for 2025 to be between €30 billion and €35 billion, indicating continued optimism in the market. The strong performance underscores ASML's vital role in the U.S. semiconductor landscape as it adapts to evolving market dynamics.