Sara Russo's questions to ASML Holding NV (ASML) leadership • Q4 2024
Question
Sara Russo asked for the rationale behind phasing out quarterly bookings reporting and whether the strong Q4 EUV bookings increase confidence in the 2025 guidance midpoint or indicate that 2026 orders are already materializing.
Answer
CFO Roger Dassen explained that the decision to stop reporting quarterly bookings stems from their lumpy nature, which doesn't accurately reflect business momentum and can cause significant market reactions. He stated that providing robust annual guidance and an annual backlog update is more meaningful. He confirmed the EUR 3 billion in Q4 EUV bookings covers the needs for the 2025 midpoint and provides good confidence, with the excess potentially building towards the high end or for 2026.