Despite the challenging market environment, ASML ended fiscal 2022 with net sales of €21.2 billion, up 13.8 percent year-over-year, and net income of €5.6 billion, down 4.4 percent year-over-year. ASML expects to grow net sales by more than 25 percent in 2023. In the fourth quarter of 2022, the Veldhoven, Netherlands-based company reported net sales of €6.4 billion, at the midpoint of its guidance range, and net income of €1.8 billion. "Bookings are good," said ASML CEO Peter Wennink in a video interview posted on the company's website following the release of quarterly and annual results. "We booked more than €6 billion in bookings, resulting in a record backlog of more than €40 billion by the end of 2022. That's something [we've] never seen before, so the backlog sets a core record." Gross margin was 51.5 percent in the fourth quarter and 50.5 percent for the full year. "It was a pretty good year with good performance in some challenging cir
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