ASML announces 2022Q4 and full-year financial reports
Recently, ASML announced its financial reports for the fourth quarter and full year of 2022. In the fourth quarter of 2022, the net sales are 6.4 billion euros, the gross profit margin is 51.5%, and the net profit will be 1.8 billion euros. The overall performance is higher than that of ASML expected. In the fourth quarter of 2022, the net booking volume is 6.3 billion euros, of which 3.4 billion euros come from the EUV system. During the quarter, ASML purchased shares worth approximately 300 million euros under a previously completed share buyback program and the current plan for 2022-2025.
ASML’s full-year net sales in 2022 will be 21.2 billion euros, with a gross profit margin of 50.5%, and a net profit of 5.6 billion euros, which is also better than expected. Order backlog totals a record 40.4 billion euros by the end of 2022. The total dividend for 2022 will be 5.80 euros per common share, an increase of 5.5% compared to 2021.
ASML predicts that in 2023, net sales will increase by more than 25%, while gross margins will improve, R&D costs will be approximately 965 million euros, and SG&A expenses will be approximately 285 million euros. At the same time, ASML expects net sales in the first quarter of 2023 to be between 6.1 billion euros and 6.5 billion euros, with a gross profit margin of between 49% and 50%.
“For 2023, ASML expects continued strong growth with a net sales increase of more than 25% and a slight improvement in gross margin, relative to 2022. We expect first-quarter net sales between €6.1 billion and €6.5 billion with a gross margin between 49% and 50%. ASML expects R&D costs of around €965 million and SG&A costs of around €285 million,” said ASML President and Chief Executive Officer Peter Wennink.
Given ASML’s order lead times and the strategic nature of its lithography investments, demand for ASML systems remains strong at the moment.
