• ASML recently reported a Q4 2022 financial report, which beat the earnings forecast for the period raking in 6.43 billion euros.
• The company also reported a net profit of 1.82 billion euros compared to the consensus estimate of 1.70 billion euros.
• ASML also saw a record-high order backlog of 40 billion euros and now projects a 25% growth in 2023 net sales.
Leading European tech company ASML recently posted its Q4 2022 financial report, which beat the earnings forecast for the period. The Dutch multinational tech corporation raked in 6.43 billion euros for the period that ended December 31st, significantly higher than the analyst consensus estimate of 6.38 billion euros. On top of this, ASML reported a net profit of 1.82 billion euros compared to the consensus estimate of 1.70 billion euros.
In addition to these impressive financial results, the company also saw a record-high order backlog of 40 billion euros, a sign of the growing demand for its products and services. This growth was driven by the macroeconomic constraints that plagued the tech sector throughout last year. During the Q4 2022 period, the company realized quarterly net sales of 21.2 billion euros and a gross margin of 50.5%.
ASML has now given higher guidance for its 2023 outing, projecting a 25% growth in net sales. This is a testament to the company’s ability to remain resilient even in the face of adversity and capitalize on the opportunities presented by the market. With the COVID-19 pandemic still affecting the global economy, ASML is well-positioned to capitalize on any potential opportunities that may arise in the near future.
In light of its Q4 2022 earnings report and 2023 outlook, ASML remains one of the most prominent players in the European tech sector. The company’s innovative products and services have made it a key driver of economic growth in the region, and its strong financial performance is a testament to its resilience and strength. With the world economy slowly recovering, investors and analysts are sure to keep a close watch on ASML’s performance in the coming year.