ASML posts sharp increase in Q4 net bookings
By Iain Gilbert
Date: Wednesday 29 Jan 2025
(Sharecast News) - Dutch semiconductor firm ASML posted a sharp increase in Q4 net bookings on Wednesday, with both sales and profits coming in ahead of expectations.
ASML said Q4 net sales grew 24% to €9.26bn and net reported income came to €2.69bn, ahead of expectations of €9.07bn and €2.64bn, respectively.
Net bookings, a key indicator of order demand, surged 169% quarter-on-quarter to €7.09bn, coming in well ahead of expectations of €3.99bn.
Chief executive Christophe Fouquet said: "The growth in artificial intelligence is the key driver for growth in our industry.
"It has created a shift in the market dynamics that is not benefiting all of our customers equally, which creates both opportunities and risks as reflected in our 2025 revenues range."
As of 0900 GMT, ASML shares were up 10.38% at €713.70.
Reporting by Iain Gilbert at Sharecast.com
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