ASML achieved a turnover of 21.2 billion euros in 2022, an increase of 14 percent compared to 2021. Net profit amounted to 5.6 billion euros. The chip machine manufacturer from Veldhoven also expects strong growth next year, with a turnover increase of 25 percent.
The manufacturer writes this in his annual report for 2022. In it, the company writes that its turnover in the fourth quarter of last year was 6.4 billion euros. The net profit in that quarter amounted to 1.8 billion euros. The total turnover of 2022 amounted to 21.2 billion euros and the net profit to 5.6 billion euros. In the last quarter, ASML achieved a net profit of EUR 1.82 billion, compared to EUR 1.77 billion in the same period in 2021.
The results are better than expected. In recent years, ASML has increasingly struggled to keep up with the demand of customers such as TSMC, Samsung and Intel, which are currently building new chip factories. The company now has outstanding orders worth 40 billion euros.
Remarkably, ASML says that it also expects significant growth in 2023. Although many chip manufacturers are adjusting their revenue expectations for early 2023 downwards due to economic uncertainties and declining consumer confidence, ASML customers believe that the chip market will pick up again in the second half of the year.
ASML also expects demand to increase ‘due to the long lead times and strategic nature of lithography investment’ will remain high. Several major chipmakers have global expansion plans. Chip production is currently mainly done in Asia, but various regions want to become more independent from other countries due to rising geopolitical tensions. Due to European regulations such as the Chips Act, the US Chips and Science Act and initiatives in South Korea, Japan and Taiwan billions in subsidies will be released for the construction of new chip factories on Dutch soil.
