• ASML reported Q4 2022 earnings that beat estimates on both revenue and net profit.
• The technology giant posted a total revenue of 6.43 billion euros, and a net profit of 1.82 billion euros.
• The company also saw a record-high order backlog of 40 billion euros.
Advanced Semiconductor Materials Lithography (ASML), Europe’s largest technology company, recently posted their Q4 2022 financial report and the results are impressive. The Dutch multinational tech corporation reported a total revenue of 6.43 billion euros and a net profit of 1.82 billion euros, both of which exceeded the consensus estimate of analysts. This quarterly growth came despite the macroeconomic constraints that have been plaguing the tech sector throughout the year.
The impressive earnings report wasn’t the only highlight of the quarter, as ASML also saw a record-high order backlog of 40 billion euros. This is indicative of the company’s ability to remain resilient in the face of economic uncertainty and highlights the success of their products. In addition, the company also realized a gross margin of 50.5%, further demonstrating their efficiency in the production of their products.
The impressive performance of ASML in Q4 2022 is not only a testament to their resilience, but also to their ability to adapt to a constantly changing economic landscape. This bodes well for the company’s future and is a positive sign for the industry as a whole. With a record-high order backlog and projections of a 25% growth in 2023 net sales, ASML is well-positioned to capitalize on the growing demand for technology and continue to be a leader in the industry.
