ASML reports €28.3 billion total net sales and €7.6 billion net income in 2024

Financial Performance - ASML reported total net sales of €28.3 billion and net income of €7.6 billion for 2024 [1] - Q4 2024 total net sales were €9.3 billion with a gross margin of 51.7% and net income of €2.7 billion [4] - Gross margin for 2024 was 51.3%, consistent with the previous year [2] - EPS for 2024 was €19.25, slightly lower than 2023's €19.91 [2] - End-quarter cash and cash equivalents and short-term investments stood at €12.7 billion [2] Sales and Bookings - Q4 2024 net bookings were €7.1 billion, including €3.0 billion from EUV systems [4] - Total net bookings for 2024 were €18.9 billion [2] - 119 new lithography systems and 13 used lithography systems were sold in Q4 2024 [2] - Installed Base Management sales for 2024 were €6.5 billion, up from €5.6 billion in 2023 [2] Outlook and Guidance - ASML expects Q1 2025 total net sales between €7.5 billion and €8.0 billion with a gross margin between 52% and 53% [4][6] - Full-year 2025 total net sales are projected to be between €30 billion and €35 billion with a gross margin between 51% and 53% [1][6] - R&D costs for Q1 2025 are expected to be around €1,140 million and SG&A costs around €290 million [6] CEO Statement and Industry Trends - The growth in artificial intelligence is identified as a key driver for the semiconductor industry [7] - The market dynamics shift due to AI is creating both opportunities and risks for ASML [7] - ASML shipped a third High NA EUV system in Q4 2024, contributing to the record revenue [5] Dividend and Share Buyback - ASML intends to declare a total dividend for 2024 of €6.40 per ordinary share, a 4.9% increase compared to 2023 [8] - An interim dividend of €1.52 per ordinary share will be payable on February 19, 2025 [8] - No shares were purchased under the 2022-2025 share buyback program in Q4 2024 [9] Company Overview - ASML is a leading supplier to the semiconductor industry, providing hardware, software, and services for microchip production [13] - The company has over 44,000 employees and operates globally with headquarters in Veldhoven, the Netherlands [13] - ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML [13]