VELDHOVEN: ASML Holding NV (ASML) reported third-quarter net sales of €7.5 billion and net income of €2.1 billion, in line with its guidance, as the Dutch semiconductor equipment maker continues to benefit from strong demand in advanced lithography and AI-driven chip production.
Gross margin for the quarter came in at 51.6%, with net bookings totaling €5.4 billion, including €3.6 billion from extreme ultraviolet (EUV) systems. ASML expects fourth-quarter net sales between €9.2 billion and €9.8 billion, with gross margin ranging from 51% to 53%.
For the full year 2025, ASML projects total net sales growth of approximately 15% compared to 2024, with a gross margin around 52%. The company does not expect 2026 net sales to fall below 2025 levels, despite anticipated declines in China-related revenue.
“Our third-quarter results reflect a good quarter for ASML,” said President and CEO Christophe Fouquet. “We continue to see positive momentum in EUV adoption and AI investments, with progress on High NA EUV and the launch of our first Advanced Packaging product, the TWINSCAN XT:260.”
Fouquet also highlighted ASML’s partnership with Mistral AI, aimed at embedding artificial intelligence across its portfolio to enhance system performance and customer yield.
While ASML anticipates reduced demand from China in 2026, it remains optimistic about broader market expansion in leading-edge logic and advanced DRAM segments. The company plans to provide further details on its 2026 outlook in January.
ASML expects Q4 R&D expenses of approximately €1.2 billion and SG&A costs of around €320 million.