ASML Clocks 17 Percent Sales Growth in Q4; Strengthens Bond With Intel

By Benzinga
Benzinga
Benzinga
January 19, 2022 Updated: January 19, 2022

ASML Holding NV reported fourth-quarter FY21 revenue of €4.99 billion, up 17.2 percent Y/Y and missed the consensus by €130 million.

The Q4 net bookings were €7.1 billion. The gross margin expanded 219 bps Y/Y to 54.2 percent due to strong Installed Base revenue.

GAAP EPS of €4.38 increased from €3.23 last year.

ASML held €7.59 billion in cash and equivalents.

Outlook

ASML sees Q1 2022 net sales of €3.3 billion – €3.5 billion and a gross margin of ~49 percent.

“The lower net sales guidance for the first quarter is due to a significant number of fast shipments, translating to approximately €2 billion of expected revenue shift from the first quarter to subsequent quarters,” CEO Peter Wennink said.

ASML sees 2022 net sales growth of 20 percent year-on-year. The company said it can manage the consequences of the Berlin site fire without a significant impact on its system output for 2022.

Dividend

ASML looks to declare a total dividend over 2021 of €5.50 per ordinary share, a 100 percent increase Y/Y.

Intel Corp and ASML consolidated their partnership to drive High-NA into manufacturing in 2025.

Intel made its first purchase order for ASML’s TWINSCAN EXE:5200 system, marking the next step on the path to EUV 0.55 NA (High-NA) introduction.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

Benzinga