So this is the level of visibility that we have, and always just a matter of watching the macroeconomic situation.
C.J. Muse: Very helpful. As my follow-up, just two quick housekeeping. What percentage of EUV bookings in the quarter came from Memory in December? And then secondly, how many e-tools do you plan to ship in 2023?
Roger Dassen: So the — it’s roughly 25%-75%. So that’s true for the entire bookings. It’s also true for the EUV tool. So about 25% would go to Memory, around 75% comes from Logic. And I didn’t quite get your last question. I couldn’t really understand that.
C.J. Muse: How many e-tools should we plan to ship in 2023?
Roger Dassen: Okay. That’s a very limited number, a very limited number of tools. Less than a handful, I would say, C.J.
Operator: Our next question comes from the line of Didier Scemama of Bank of America.
Didier Scemama: Quick clarification, if I may. I think there seems to be quite a lot of confusion around fast shipment. So maybe Peter or Roger, if you could set the record straight. Number one, is it fair to assume that your calendar year ’23 guide does not include any fast shipments, either on revenue or on gross margins? And then number two, if that’s correct, when do you think you could get clarification from your accountants that, that could become the norm? I mean is that something tied to the sign-up of the accounts for 2022? Or is that a completely unrelated decision? I’ve got a quick follow-up.
Roger Dassen: Thank you, Didier. Thanks for the question. I think this is helpful to indeed clarify that. So what you saw is that we’re having — that we had fast shipments for an amount of €3.1 billion at the end of 2022. So the revenue for that will be recorded in 2023. However, we also assume that a similar amount will go from ’22 to ’23 — from ’23 to ’24. And what that means, Didier, is that the guidance or the more than 25% growth over 2022 that we’ve given you, that in fact, treats the fast shipment effect as neutral, right? So we assume that, that will be neutral, i.e., the amount that comes in to ’23, the €3.1 billion, we also expect that to leave the year into ’24. So it’s neutralized for the fast shipment, so that’s the way to look at it.
The question on can you change the revenue recognition. As we mentioned before, there are 2 key elements in here. One is an accounting element, so to what extent can you get this done. But pivotal for the accounting treatment of fast shipments is that customers are actually upon shipments are going to accept the full risk on the tool. That’s what is pivotal. So the conversation that we need to have with customers and need their final blessing on is that based on a far more limited testing protocol, because that’s what fast shipment in essence is. It’s a far more limited testing protocol where there’s a couple of weeks of testing that we actually omit out of the sequence, that based on a far more limited testing sequence, they still assume the full risk of the tool upon shipment.
