Financial Performance and Shareholder Returns - ASML's sales grew by 30% to €27.6 billion in 2023, with a gross margin of 51.3%[9] - The company returned €3.3 billion to shareholders through dividends and share buybacks[9] - ASML expects annual revenue between €30 billion and €40 billion in 2025 with a gross margin between 54% and 56%[181] - ASML projects annual revenue between €44 billion and €60 billion in 2030 with a gross margin between 56% and 60%[182] - ASML's total shareholders' equity at the end of 2023 was €16.2 billion, with a consolidated balance sheet total of €43.1 billion[199] Technological Advancements and Innovation - ASML shipped the first modules of the High NA EUV EXE:5000 system in 2023, marking a significant technological milestone[12] - ASML's TWINSCAN NXE:3600D, the latest-generation EUV 0.33 NA lithography system, achieved 100 shipments by June 2023, offering 15-20% increased productivity and 30% better overlay compared to its predecessor[60] - ASML is developing the next-generation EUV 0.55 NA (EXE platform) systems, with the first modules shipped for R&D purposes in 2023, aiming for higher-resolution patterning[62] - ASML's EUV NXE platform is designed to drive affordable scaling to 2030 and beyond, with improvements in resolution, productivity, and overlay performance[61] - ASML's holistic lithography approach integrates systems with computational tools, metrology, and process control software, optimizing chip production and enabling smaller chip features[54] - ASML's EUV lithography systems use light with a wavelength of 13.5 nm, enabling the printing of the smallest features on advanced microchips[58] - TWINSCAN NXT:2100i delivers 295 wafers-per-hour (wph) productivity with unprecedented overlay performance for sub-3 nm nodes[66] - TWINSCAN NXT:870 increases productivity from 260 wph to 330 wph, a 27% improvement, for high-volume 300 mm wafer production[67] - Transition from XT to NXT platform results in productivity gains: KrF 27% to 330 wph on NXT:870 and ArF 46% to 300 wph on NXT:1470[69] - YieldStar 500, launched in 2023, offers nanometer-level accuracy for overlay and focus measurements in high-volume manufacturing[75] - HMI eP5 e-beam metrology system provides world-class 1 nm resolution for critical dimension (CD) and EPE data monitoring[79] - Computational lithography uses machine-learning techniques to reduce development time and cost for optimizing chip patterns[84] - ASML's installed base management (IBM) portfolio includes service and upgrade options to optimize cost of ownership over system lifetime[83] - ASML's platform development approach updates all installed systems with a new software stack to streamline legacy code integration[98] - ASML invested €4.0 billion in R&D in 2023, representing a significant increase from €3.3 billion in 2022[117] - The first modules of the High NA EUV system, EXE:5000, were successfully shipped in 2023, with high-volume manufacturing expected to be operational by 2025[103][104] - ASML's R&D spending is targeted at 10-15% of revenue, with 10% allocated to explorative research to fill the innovation pipeline[113] - The company introduced a new software development methodology, including a "shift-left strategy" to improve quality and reduce unplanned production stoppages[101] - ASML's High NA EUV platform increases the numerical aperture from 0.33 to 0.55, enabling geometric chip scaling into the next decade[103] - ASML's innovation ecosystem involves over 15,500 engineers working on advanced lithography systems, supported by a strong network of customers, suppliers, and research partners[116][118] - ASML is focusing on 3D system integration and shrink to reduce costs and improve energy efficiency, particularly in Logic and Memory applications[112] - ASML's Hyper NA technology, with an NA higher than 0.7, is expected to become more visible around 2030, offering opportunities for Logic and DRAM applications[115] Market Trends and Industry Outlook - ASML ended 2023 with a backlog of €39.0 billion, indicating strong future demand[9] - Demand for DUV systems remained strong, particularly in China, where orders were backfilled for mature and mid-critical nodes[10][11] - The company expects strong growth in 2025 and 2026, driven by increasing demand for semiconductors, particularly in sectors like energy transition, electrification, and AI[23][24] - ASML is preparing for a significant number of new semiconductor fabs being built globally, which will require increased capacity and readiness[24] - The semiconductor industry is currently at the bottom of the cycle, with the downturn beginning in the second half of 2022, and recovery indicators showing positive signs[26] - The semiconductor industry is expected to double in size within the next decade compared to today[27] - ASML expects net sales in 2024 to be broadly in line with 2023, marking a year of transition and preparation for rapid growth[27] - The semiconductor market is expected to grow at a high single-digit compound annual growth rate, driven by trends such as generative AI, energy transition, and IoT[132] - The top three semiconductor manufacturers plan to invest over $300 billion in global capacity in the coming years[141] - ASML plans to increase annual capacity to 90 EUV 0.33 NA and 600 DUV systems by 2025-2026, and ramp up EUV 0.55 NA (High NA) capacity to 20 systems per year by 2027-2028[168] - The global semiconductor market is projected to resume growth after 2023, with a historical CAGR of 7% from 2012 to 2022[168] - In 2022, nearly 1.1 trillion chips were manufactured globally, feeding a $0.6 trillion industry[168] - The 2023 semiconductor market size for high-end compute and memory was $89 billion, with a projected 2025 market opportunity of $107 billion[167] - The automotive semiconductor market is one of the fastest-growing segments, driven by electrification and autonomy, with a 2023 market size of $74 billion and a projected 2025 opportunity of $94 billion[167][159] - Generative AI drove strong demand for GPU chips (Logic) and High-Bandwidth Memory (HBM) in 2023, though these products remain a small portion of the overall Logic and Memory market[175] - The energy transition is a key market driver, with semiconductors enabling the shift from fossil-based energy to renewable sources like wind and solar[157] Sustainability and ESG Strategy - ASML's ESG sustainability strategy, developed in 2022, was executed across the business in 2023, focusing on environmental, social, and governance elements[14][15] - ASML's R&D investments and sustainability efforts are aligned with global standards, including the EU's Corporate Sustainability Reporting Directive (CSRD)[29] - ASML focuses on energy efficiency, climate action, and a circular economy to minimize environmental impact while expanding computing power[192] - ASML's ESG sustainability strategy aligns with the United Nations' Sustainable Development Goals, aiming to create long-term sustainable value[190] Supply Chain and Operational Resilience - The company reshaped its sourcing and procurement organization to strengthen supply chain resilience[12] - ASML aims to secure unique supply chain capabilities to ensure business continuity and move toward adjacent business opportunities[186][188] - ASML has eight manufacturing sites globally, providing high-precision environments for assembling and delivering lithography systems[196] Customer Support and Collaboration - Customer support includes 24/7 assistance, next-day parts delivery, and specialized training for local field engineers[91] - ASML collaborates with customers to align innovation investments and address long-term challenges for the next 5-10 years[88] - The company signed a Memorandum of Understanding (MoU) with imec to intensify collaboration around High NA, including the installation of advanced equipment in Belgium[109] Export Control Regulations - The Dutch Government implemented new export control regulations on advanced semiconductor equipment, effective September 1, 2023, impacting ASML's shipments of NXT:2000, NXT:2050i, and NXT:2100i systems[141] - The US updated export control regulations in October 2023, restricting shipments of mature immersion lithography systems (NXT:1970 and NXT:1960) to certain customers in China[141] Workforce and Innovation Ecosystem - Around 40% of ASML's employees have been with the company for three years or less, reflecting significant recent hiring[27] - ASML's innovation ecosystem includes over 42,400 employees and key partners in the value chain, driving advancements in lithography, metrology, and inspection[195][198]

United States Securities and Exchange Commission Washington, D.C. 20549 Form 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2023 Commission file number 001-33463 ASML HOLDING NV (Exact Name of Registrant as Specified in Its Charter) The Netherlands (Jurisdiction of incorporation or organization) De Run 6501, 5504 DR Veldhoven, The Netherlands (Address of principal executive offices) Skip Miller Telephone: +1 480 235 0934 E-mai ...

Artificial intelligence (AI) stocks have become popular in recent months. The gains in some AI names have become eye-popping as investors and consumers become increasingly aware of the possible productivity gains these stocks can drive.Nonetheless, long-term investors tend to seek stocks that will not rise and fall as trends come and go. Instead, they probably want to look to companies that operate sustainable businesses that could potentially drive AI-driven profits for decades. To this end, investors may ...

While it may not be a name as recognizable as Nvidia (NASDAQ: NVDA) or Advanced Micro Devices (NASDAQ: AMD), ASML Holdings (NASDAQ: ASML) is, nonetheless, a crucial player in the semiconductor industry and a key enabler of the ongoing artificial intelligence (AI) boom.In recent years, the Dutch company emerged not only as the main supplier for chipmakers worldwide but also as the only supplier of extreme ultraviolet lithography (EUV) photolithography machines – contraptions necessary to produce the highest- ...

Bloomberg/Bloomberg via Getty Images ASML Holding N.V. (NASDAQ:ASML) ended its fiscal year in remarkable fashion, beating the S&P after ASML did not deliver an outstanding return throughout its entire fiscal year. ASML has impressively beaten Wall Street expectations, and this is the guidance. In August, I published an article titled "ASML's Mixed Outlook: Near-Term Headwinds, Long-Term Promise." In that article, I argued that ASML is a monopoly company with a strong long-term investment thesis, despite ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

In the ever-changing world of finance, investors seek various avenues for long-term profitability. A mix of growth and dividend stocks can offer the desired mix for many investors. Top growth stocks provide the sort of viable long-term cash flow potential investors want, while dividend-paying companies offer relative stability within a portfolio.Now, with the S&P 500 officially in a bull market, all eyes are on growth stocks. Investors seeking exposure to high-growth names may be doing so when valuations ar ...

Shares of key semiconductor equipment supplier ASML Holdings (ASML 1.06%) rallied 17.1% in January, according to data from S&P Global Market Intelligence.ASML reported fourth-quarter earnings on Jan. 24, with better-than-expected results. Management had been fairly conservative with its 2024 outlook on the prior quarter's call, saying it would only see relatively flat growth to 2023; revenue jumped 30.2% over 2022. However, ASML's net bookings, which takes in the total amount of orders received in the quart ...

ASML reports transactions under its current share buyback program VELDHOVEN, the Netherlands – ASML Holding N.V. (ASML) reports the following transactions, conducted under ASML's current share buyback program. DateTotal repurchased sharesWeighted average priceTotal repurchased value29-Jan-24 10,933 €801.39 €8,761,544 30-Jan-24 10,961 €806.68 €8,841,990 31-Jan-24 11,022 €795.19 €8,764,556 01-Feb-24 10,781 €813.24 €8,767,587 02-Feb-24 10,722 €817.92 €8,769,763 ASML's current share buyback program wa ...

Fourth-quarter earnings season in Europe is still in its early days, but the largest companies on the Continent are mostly hitting their stride. Novo Nordisk NVO, -1.80%, the maker of wildly popular weight-loss drugs, on Wednesday beat estimates and gave an outlook that suggested analysts will have to hike their outlooks further. LVMH Moet Hennessy MC, -0.48%, the luxury giant, reported faster-than-expected sales growth and surprising cost control. ASML Holding ASML, +0.01%, the maker of microchip-making ...