Highlights

  • ASML records Q3 2025 total net sales of EUR 7.5B and net income of EUR 2.1B.
  • Projects Q4 2025 sales between EUR 9.2B and EUR 9.8B with a gross margin of 51–53%.
  • Declares interim dividend of EUR 1.60 per share payable November 6, 2025; repurchases EUR 148M in shares.

ASML Holding NV (NASDAQ:ASML) reported its financial results for the third quarter of 2025, posting total net sales of EUR 7.5B and a net income of EUR 2.1B. The company achieved a gross margin of 51.6% for the quarter. Installed Base Management revenue totaled EUR 1.96B. ASML shipped 66 new lithography systems and six used systems during the quarter. Total net bookings came in at EUR 5.4B, including EUR 3.6B in Extreme Ultraviolet (EUV) systems.

Outlook and Expectations

For the fourth quarter of 2025, ASML expects total net sales between EUR 9.2B and EUR 9.8B, with gross margins ranging from 51% to 53%. Annual sales for 2025 are anticipated to grow approximately 15% compared to 2024, with a projected full-year gross margin of around 52%. The company noted that in 2026 total net sales are not expected to fall below 2025 levels.

Christophe Fouquet, ASML President and CEO, stated: “Our third-quarter total net sales of EUR 7.5B and gross margin of 51.6% were in line with our guidance, reflecting a good quarter for ASML. On the technology side, we see litho intensity continue to develop positively as EUV adoption gains momentum, including progress on High NA EUV. In line with our plans to support our customers in the 3D integration space, we shipped ASML’s first product serving Advanced Packaging, the TWINSCAN XT:260, an i-line scanner offering up to 4x productivity compared to existing solutions. Finally, our partnership with Mistral AI allows us to embed AI across our entire holistic portfolio, in order to increase the performance and productivity of our systems and the yield of our customers' processes.”

Fouquet added: “On the market side, we have seen continued positive momentum around investments in AI, and have also seen this extending to more customers, both in leading-edge Logic and advanced DRAM. On the other hand, we expect China customer demand, and therefore our China total net sales in 2026 to decline significantly compared to our very strong business there in 2024 and 2025. We do not expect 2026 total net sales to be below 2025. We will provide more details on our 2026 outlook in January.”

Dividend and Share Repurchase Program

ASML announced an interim dividend of EUR 1.60 per ordinary share, scheduled for payment on November 6, 2025. In Q3, the company repurchased approximately EUR 148M worth of shares. Since launching its 2022–2025 share buyback program, ASML has bought back 9.0M shares at a total cost of EUR 5.9B.

Technology Updates

Highlights for the quarter included the shipment of the TWINSCAN XT:260 i-line scanner designed for Advanced Packaging applications. The company also continued advancing EUV adoption and High NA EUV development, alongside integrating artificial intelligence through its partnership with Mistral AI.