ASML Holding NV Revenue & Financials

ASML's financial profile for fiscal year 2024 reflects a company navigating the tension between extraordinary structural demand and near-term headwinds from the semiconductor inventory cycle and export control restrictions. Net sales for the full year 2024 reached approximately 28.3 billion euros (approximately $30.4 billion at prevailing exchange rates), a figure slightly below the company's own guidance range that had originally anticipated stronger Q4 deliveries. Net income for fiscal year 2024 was approximately 7.8 billion euros, representing a net margin of roughly 27.5 percent — a level of profitability that would be remarkable in any manufacturing industry and is nearly unmatched in the capital equipment sector. Gross margins have been a consistent area of investor focus, with ASML achieving approximately 51 to 52 percent gross margins in fiscal year 2024. Management has guided toward gross margins expanding toward 54 to 56 percent by 2025 and 2026 as EUV system volumes increase (high-volume EUV production carries higher margins than early-generation systems), as service revenue grows faster than system revenue, and as operational efficiency improvements take effect. Operating income for fiscal year 2024 was approximately 8.5 billion euros, representing an operating margin of roughly 30 percent. ASML's order intake in 2024 was approximately 25.4 billion euros, and the company entered 2025 with a total backlog of approximately 36 billion euros. This backlog — representing more than a full year of current run-rate revenue — provides the company with exceptional forward visibility and insulates it from short-term demand fluctuations in ways that few equipment manufacturers enjoy. The company's balance sheet is exceptionally strong, with net cash of several billion euros and a disciplined approach to capital return through dividends and share buybacks. ASML paid a total dividend of approximately 6.40 euros per share for fiscal year 2024 and maintained an active share repurchase program.