29 January 2025
If you are covering ASML’s latest financial results, please find below a comment from Ben Barringer, technology analyst at Quilter Cheviot:
"ASML has delivered an impressive set of results, comfortably beating expectations across the board and offering reassurance to the market following the turmoil due to concerns around DeepSeek.
"Revenue came in 2.5% ahead of consensus, with profits exceeding forecasts by 8%, while orders surged to €7 billion compared to the €4.5 billion expected. The guidance was also strong, coming in 9% ahead of expectations, with a profit contribution that reinforces confidence.
"Looking ahead, ASML is forecasting 15% growth in 2025, which underlines its confidence in future demand. There are lingering concerns around China, with sales in the region falling from 47% to 27% on a quarterly basis, but this is in line with expectations and has been more than offset by a strong rebound in memory demand from South Korea and the US. The order book remains healthy, driven by significant demand from TSMC, and fears over Intel and Samsung’s appetite for investment appear to have been a little overstated.
"Overall, this is a strong and reassuring set of results, reinforcing ASML’s pivotal role in the global semiconductor industry."
