ASML Reports Record Revenue with Positive Growth Forecast for 2025

2025-01-29 semicon

Netherlands, Wednesday, 29 January 2025.
ASML achieved a revenue of €28.3 billion in 2024, with a net income of €7.6 billion, driven by strong demand for chip-making technologies. The company projects 2025 revenue between €30 billion and €35 billion.

Record-Breaking Performance

ASML, headquartered in Veldhoven, Netherlands, has demonstrated exceptional financial performance with a net income of €7.6 billion on revenue of €28.3 billion in 2024 [1][2]. The company’s fourth quarter was particularly strong, generating €9.3 billion in revenue with a robust gross margin of 51.7% [2]. This performance exceeded market expectations, especially in new orders, which reached €7.1 billion in the final quarter of 2024, including €3.0 billion for their advanced EUV systems [2][7].

AI Driving Growth

According to CEO Christophe Fouquet, artificial intelligence remains the primary growth driver in the semiconductor industry [1][2]. This focus on AI has created a significant market shift, though not all customers are benefiting equally from this transition [1]. The company’s crucial role in AI development is underscored by its monopoly in ultraviolet lithography machines, which are essential for producing high-tech devices and AI chips [3]. Despite recent market volatility, including a 30% stock decline from its all-time high [3], ASML maintains its strategic position in the semiconductor industry.

Navigating Market Challenges

ASML faces several strategic challenges, particularly regarding its business in China. Recent export restrictions from the Netherlands and the United States have led to adjusted expectations, with China’s contribution to ASML’s revenue expected to decrease from 47% in Q3 2024 to approximately 20% going forward [3]. Despite these challenges, ASML maintains its long-term revenue goal of €44 billion to €60 billion by 2030 [6], demonstrating confidence in its growth trajectory.

Future Outlook

For 2025, ASML projects revenue between €30 billion and €35 billion, with a gross margin between 51% and 53% [2]. This forecast is supported by major industry developments, including TSMC’s planned $38-42 billion capital expenditure for 2025 [5]. The company’s growth prospects are further strengthened by increasing demand for AI chips, with global semiconductor equipment spending expected to rise by 7% to €116.2 billion in 2025 [6].

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semiconductor ASML