ASML Sees Record High Close as Orders Triple

China emerges as largest market despite US export restrictions

ASML Holding NV, the only company that produces equipment needed to make the most sophisticated semiconductors, closed at a record high after its orders more than tripled last quarter, driven by demand for its most sophisticated machines.
ASML's bookings last quarter were far more than an average estimate of €3.6 billion by analysts surveyed by Bloomberg. Orders of its most advanced EUV lithography machines in the period were €5.6 billion.
China accounted for 39% of ASML’s sales in the fourth quarter and became the Veldhoven-based company’s largest market in 2023. China accounted for only 8% in January to March.
ASML has been targeted by the US effort to curb exports of cutting-edge technology to China, one of the Veldhoven-based company’s biggest markets. ASML expects as much as 15% of China sales this year will be affected by the new export control measures.
ASML's revenue for last year totaled €27.6 billion, its total net income hit €7.8 billion, and its gross margin reached 51.3%. The company recognized revenue for 53 EUV lithography tools, 125 immersion deep ultraviolet (DUV) lithography systems, 32 dry DUV litho machines, 184 KrF steppers, and 55 I-Line steppers.