The earnings call presented a strong financial performance for Q4 2024, with revenue and gross margin exceeding expectations. The company highlighted significant progress in High NA EUV systems and a positive outlook for AI-driven demand in 2025. However, challenges such as a decline in Logic and EUV sales, and potential geopolitical risks were noted. Overall, the highlights outweigh the lowlights, suggesting a positive sentiment.

Company Guidance

During ASML's Q4 2024 financial results call, the company provided guidance for Q1 2025 and beyond, highlighting key metrics and expectations. For Q1 2025, ASML anticipates total net sales between €7.5 billion and €8 billion, with an installed base management sales projection of approximately €2.1 billion. The gross margin is expected to range from 52% to 53%, driven by the absence of High NA revenue recognition and tempered by lower immersion volume. R&D expenses are forecasted at around €1.14 billion, while SG&A is expected to be approximately €290 million. For the full year 2025, ASML projects revenue between €30 billion and €35 billion, with a gross margin between 51% and 53%. The company emphasized the role of artificial intelligence as a significant growth driver and noted potential geopolitical risks and customer dynamics that could influence results. ASML also announced a total dividend for 2024 of €6.4 per ordinary share, with a final dividend proposal of €1.84 per share.

Exceeded Revenue Guidance

Fourth quarter 2024 net sales were €9.3 billion, above the high end of guidance, driven by installed base revenue and High NA EUV system sales.

Strong Gross Margin

Gross margin for Q4 2024 was 51.7%, surpassing guidance due to lower than planned costs for new product introductions.

Record Free Cash Flow

Q4 2024 free cash flow reached €8.839 billion, significantly higher than the previous quarter.

High NA EUV Progress

Successfully completed installation and customer acceptance of two High NA EUV systems, with positive feedback from customers.

Optimistic 2025 Outlook

ASML expects 2025 revenue between €30 billion and €35 billion, driven by strong AI demand and potential growth in Logic and Memory segments.

Increased Shareholder Returns

Returned €3 billion to shareholders in 2024 through dividends and share buybacks.

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ASML Holding (DE:ASMF) Earnings, Revenues Date & History

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DE:ASMF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 16, 2025	2025 (Q1)	5.29 / -	3.154	―	―	―
Jan 29, 2025	2024 (Q4)	6.71 / 6.81	5.416	25.67% (+1.39)
Oct 15, 2024	2024 (Q3)	5.10 / 5.49	4.834	13.57% (+0.66)
Jul 17, 2024	2024 (Q2)	3.84 / 4.18	5.261	-20.54% (-1.08)
Apr 17, 2024	2024 (Q1)	3.00 / 3.15	5.183	-39.14% (-2.03)
Jan 24, 2024	2023 (Q4)	4.93 / 5.42	4.782	13.26% (+0.63)
Oct 18, 2023	2023 (Q3)	4.70 / 4.83	4.005	20.69% (+0.83)
Jul 19, 2023	2023 (Q2)	4.88 / 5.26	3.447	52.61% (+1.81)
Apr 19, 2023	2023 (Q1)	4.33 / 5.18	1.793	189.10% (+3.39)
Jan 25, 2023	2022 (Q4)	4.42 / 4.78	4.749	0.70% (+0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:ASMF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2025	€648.83	€678.78	+4.62%
Oct 15, 2024	€798.99	€667.48	-16.46%
Jul 17, 2024	€976.76	€857.40	-12.22%
Apr 17, 2024	€915.42	€853.87	-6.72%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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