ASML Clocks 17% Sales Growth In Q4; Strengthens Bond With Intel

ASML Holding NV ASML reported fourth-quarter FY21 revenue of €4.99 billion, up 17.2% 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% 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%.
"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% 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% increase Y/Y.
Intel Corp INTC 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.
Price Action: ASML shares traded higher by 2.96% at $736.43 in the premarket session on the last check Wednesday.

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