SKU: ASML-1 Category:


ASML Holding ADR: Increasing Utilization Rates and Technology Transition Could Be A Transformative Force?


ASML, a leading manufacturer of chip-making equipment, has reported its financial results for the fourth quarter and full year 2023, demonstrating strong financial performance despite a challenging macroeconomic landscape marked by uncertainties. The company reported net sales of EUR 7.2 billion in Q4, coming in just above the guidance, mainly due to more installed base business. This included EUV system revenue of EUR 2.3 billion and net system sales totalling EUR 5.7 billion, largely driven by Logic which accounted for 63% of net system sales, while Memory composes the remainder. ASML’s Installed Base Management sales for Q4 reached EUR 1.6 billion, surpassing expectations due to additional service and upgrade sales, leading to a gross margin of 51.4%.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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