NASDAQ$ASML

ASML Holding NV · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

ASML Q4 2024: €9.26B net sales, €6.85 EPS as revenue hits record quarter

ASML Holding NV published Q4 and full year 2024 results on January 29, 2025. Q4 total net sales reached a record €9.26 billion with a gross margin of 51.7%, both above guidance, driven by additional upgrades and recognition of two High NA EUV systems. Net income was €2.69 billion and basic EPS was €6.85. Q4 net bookings totaled €7.09 billion including €3.0 billion in EUV. Full year 2024 net sales were €28.26 billion with net income of €7.57 billion and basic EPS of €19.25. ASML expects Q1 2025 net sales of €7.5–8.0 billion and full year 2025 sales of €30–35 billion with gross margin of 51–53%.

  • Q4 net sales €9.26B record quarter; gross margin 51.7% above guidance
  • Net income €2.69B; basic EPS €6.85
  • Q4 net bookings €7.09B including €3.0B EUV; 119 new lithography systems sold
  • Full year net sales €28.26B; net income €7.57B; EPS €19.25
  • 2025 sales outlook €30–35B; Q1 2025 guided €7.5–8.0B at 52–53% gross margin

Headline financials

Total Revenue

€9.26B

Previous: €7.78B+19.0%
EPS (adj)

€6.85

Previous: €5.61+22.1%
Q4 gross margin

51.7%

No prior period
Q4 net bookings

€7.09B

No prior period
New lithography systems sold

119

No prior period
Capital Expenditures

-€773M

Previous: -€625M-23.7%
Net Income

€2.69B

Previous: €2.2B+22.3%
Operating Income

€3.36B

Previous: €2.57B+30.5%
R&D Expense

€1.19B

Previous: €1.12B+6.3%

Revenue & EPS history

ASML · Revenue · Quarterly

€9.26B

Q4 2024+19%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

ASML · €2.15B total across 1 segment · Q4 2024

  • Installed Base Management
    €2.15B

Forward guidance

Q1 2025 net sales €7.5–8.0B at 52–53% gross margin; FY2025 net sales €30–35B.

Tailwinds

  • AI demand driving industry growth
  • High NA EUV revenue recognition accelerating

Headwinds

  • Customer mix shift creates uneven demand across segments

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.0%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.2%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+11.7%

Q4 2023

Best reaction

-21.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.1%-4.1%+13.2%
Q4 2025-2.2%-5.0%-13.0%
Q3 2025+3.0%+6.0%+2.4%
Q2 2025-8.3%-12.6%-9.8%
Q1 2025-7.1%-8.6%+9.5%
Q4 2024+4.3%+7.0%+3.8%
Q3 2024-21.6%-17.1%-20.6%
Q2 2024-13.5%-11.9%-14.0%
Q1 2024-9.0%-10.7%-5.3%
Q4 2023+11.7%+13.4%+19.9%
Q3 2023-3.4%-3.4%+12.7%
Q2 2023-10.7%-9.6%-13.4%
Q1 2023-1.5%-2.5%+7.9%
Q4 2022+2.1%-2.9%-7.7%
Q3 2022+9.6%+18.5%+48.7%
Q2 2022+8.8%+8.1%+9.4%
Q1 2022+0.5%-2.8%-13.7%
Q4 2021-1.2%-3.9%-9.4%
Q3 2021-1.7%-1.6%+7.0%
Q2 2021+6.7%+10.2%+15.2%
Q1 2021+4.9%+8.7%+3.6%
Q4 2020+3.9%+3.3%+8.2%
Q3 2020-4.6%-4.9%+3.6%
Q2 2020-2.9%-1.3%-6.5%
Q1 2020+1.2%+0.9%+1.2%
Q4 2019-1.4%-4.7%+2.5%
Q3 2019-5.2%-2.7%+2.8%
Q2 2019+10.6%+11.1%+3.8%
Q1 2019+1.1%+0.9%-1.2%
Q4 2018+5.9%+9.2%+15.9%
Q3 2018-2.9%-3.0%-7.0%
Q2 2018+5.3%+8.0%-3.4%
Q1 2018-8.3%-10.1%-7.2%
Q4 2017+9.1%+10.3%+3.1%
Q3 2017-0.2%+1.0%+2.3%
Q2 2017+7.4%+7.3%+6.3%
Q1 2017-0.5%+2.2%+3.2%
Q4 2016+5.1%+5.4%+9.5%
Q3 2016+1.2%+2.9%+2.2%
Q2 2016-0.1%+0.8%+1.0%
Q1 2016-3.9%
Q4 2015+8.8%
Q3 2015+1.4%
Q2 2015-2.6%
Q1 2015-4.9%
Q4 2014+3.7%
Q3 2014-2.9%
Q2 2014+2.5%
Q1 2014+1.9%
Q4 2013+1.4%
Q3 2013+2.5%
Q2 2013-0.9%
Q1 2013-1.3%
Q4 2012+8.4%
Q3 2012-0.5%
Q2 2012+1.5%
Q1 2012+1.2%
Q4 2011+0.9%
Q3 2011-7.1%
Q2 2011+3.7%
Q1 2011-0.1%
Q4 2008-6.4%
Q4 2010-6.4%
Q3 2010-1.9%
Q2 2010+0.7%
Q1 2010+1.4%
Q4 2009+2.7%
Q4 2007+2.7%

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