Key ASML finished 2022 solidly with 29% sales growth in the fourth quarter.Profit margins are rebounding, and ASML should continue to rebound in 2023 as its performance is sluggish.Shares are sold at a premium, but this doesn’t mean it’s not a great business to own in the long run.
It may not be a blockbuster year, but slow and steady profitability growth is also sufficient.After extensive investor updates in November 2022, ASML Holding (ASML-2.41%) announced its Q4 2022 earnings update as expected. More importantly, essential semiconductor manufacturing equipment suppliers have provided some initial guidance consistent with what other chip companies reported in 2023. It may not be groundbreaking finance, but ASML’s advanced equipment seems to be suitable for this outlook for next year. In the long run, profitable expansion is in progress and you can buy stocks for the right type of investors.
In a record year, another record expectation for 2023 ASML reported that the bumpy 2022 ended well. Sales rose 29% year-on-year to 6.43 billion euros ($7.01 billion using the January 25 exchange rate). Total sales in 2022 amounted to 21.2 billion euros ($23.1 billion), up 14% from 2021. Operating profit margin for the fourth quarter is ASML’s supply chain disruption and the Netherlands (home country) and the United States (the flow of global semiconductor industry that supplies lifeline through this).
In a record year, another record expectation for 2023 ASML reported that the bumpy 2022 ended well. Sales rose 29% year-on-year to 6.43 billion euros ($7.01 billion using the January 25 exchange rate). Total sales in 2022 amounted to 21.2 billion euros ($23.1 billion), up 14% from 2021. Operating profit margin for the fourth quarter is ASML’s supply chain disruption and the Netherlands (home country) and the United States (the flow of global semiconductor industry that supplies lifeline through this).
ASML predicts sustainable growth in 2023, but are you buying stocks? | The Motley Fool may not be a blockbuster year, but slow and steady revenue growth is OK enough too.www.fool.com
ASML predicts sustainable growth in 2023, but are you buying stocks? | The Motley Fool may not be a blockbuster year, but slow and steady revenue growth is OK enough too.www.fool.com
ASML predicts sustainable growth in 2023, but are you buying stocks? | The Motley Fool may not be a blockbuster year, but slow and steady revenue growth is OK enough too.www.fool.com