ASML's 2022 regional sales share for Korea, Taiwan, and China is expected to decrease slightly, while the sales share for the United States, Europe, Japan, and other Asian regions is expected to increase slightly, showing that the equipment sales regions are diversifying.

ASML announced its 2022 business results on the 25th.

Accordingly, net sales in 2022 were 21.2 billion euros, up 13.8% from 18.6 billion euros in 2021. The gross profit margin was 50.5%, and net profit was 5.6 billion euros.

In the fourth quarter of 2022, net sales amounted to 6.4 billion euros, gross profit margin was 51.5%, and net profit for the period was 1.8 billion euros.

Net sales in 2023 are expected to grow by more than 25% compared to 2022.

In 2022, Taiwan's regional sales share decreased by 2% year-on-year to 42%, Korea's decreased by 6% year-on-year to 29%, and China's decreased by 2% year-on-year to 14%.

The United States recorded 7%, up 2% from the previous year, and Japan recorded 4%, up 3% from the previous year. Europe recorded 2%, and other Asian regions recorded 2%.

It is analyzed that the market share in the Korean region has decreased the most, and sales are diversifying to the US, Europe, Japan, and other Asian regions.

ASML CEO Peter Wennink said in a statement that ASML’s fourth quarter net sales were in the mid-range of our guidance at €6.4 billion. Additional upgrades and the insurance payment for the fire at ASML’s Berlin plant last year resulted in a gross margin of 51.5%, exceeding our guidance.

Furthermore, “ASML finished 2022 on a solid performance with total net sales of €21.2 billion, a gross margin of 50.5% and a backlog of €40.4 billion,” the company said. “Going forward, we see market uncertainty caused by inflation, interest rate hikes, recession risks and geopolitical factors related to export restrictions, but ASML’s customers expect the market to rebound in the second half of this year. Given ASML’s order lead times and strategic lithography investments, we expect demand for ASML systems to remain robust.”

ASML expects to continue its strong growth in 2023, with net sales increasing by more than 25% and gross margin improving compared to 2022, said CEO Bennink. “We expect to achieve net sales of 6.1 to 6.5 billion euros and a gross profit margin of 49 to 50% in the first quarter of 2023, and we expect research and development (R&D) expenses and selling, general and administrative (SG&A) expenses to be approximately 965 million euros and approximately 285 million euros, respectively,” the company said.