Advanced Semiconductor Materials Lithography (ASML) recently posted its Q4 2022 financial report, which beat the earnings forecast for the period. Europe’s largest technology company raked in 6.43 billion euros for the period that ended December 31st. Meanwhile, analysts were expecting a revenue haul of 6.38 billion euros for the fourth quarter of last year.
ASML also reported a Q4 2022 net profit of 1.82 billion euros compared to the consensus estimate of 1.70 billion euros. In addition, the Dutch multinational tech corporation also saw a record-high order backlog of 40 billion euros.
ASML’s latest quarterly growth came amid 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 also raked in a net income of 5.6 billion euros and now projects a 25% growth in 2023 net sales. The tech giant remains optimistic about said net sales growth despite likely new curbs on its exports to China.
ASML President and Chief Executive Officer Peter Wennink commented on the comp...