Press release - Veldhoven, The Netherlands, July 16, 2025
Today, ASML Holding NV (ASML) has published its 2025 second-quarter results.
- Q2 total net sales of €7.7 billion, gross margin of 53.7%, net income of €2.3 billion
- Quarterly net bookings in Q2 of €5.5 billion2 of which €2.3 billion is EUV
- ASML expects Q3 2025 total net sales between €7.4 billion and €7.9 billion, and a gross margin between 50% and 52%
- ASML expects a full-year 2025 total net sales increase of around 15% relative to 2024, with a gross margin of around 52%
(Figures in millions of euros unless otherwise indicated) | Q1 2025 | Q2 2025 |
---|---|---|
Net sales | 7,742 | 7,692 |
...of which Installed Base Management sales 1 | 2,001 | 2,096 |
New lithography systems sold (units) | 73 | 67 |
Used lithography systems sold (units) | 4 | 9 |
Net bookings 2 | 3,936 | 5,541 |
Gross profit | 4,180 | 4,130 |
Gross margin (%) | 54.0 | 53.7 |
Net income | 2,355 | 2,290 |
EPS (basic; in euros) | 6.00 | 5.90 |
End-quarter cash and cash equivalents and short-term investments | 9,104 | 7,248 |
(1) Installed Base Management sales equals our net service and field option sales.
(2) Net bookings include all system sales orders and inflation related adjustments, for which written authorizations have been accepted.
Numbers have been rounded for readers' convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com.
CEO statement and outlook
"Our second-quarter total net sales came in at €7.7 billion, at the top end of our guidance. The gross margin was 53.7%, above guidance, primarily driven by higher upgrade business and one-offs resulting in lower costs.
"We see continued progress in litho intensity, particularly in DRAM, and the introduction of the TWINSCAN NXE:3800E reinforces that momentum. Meanwhile, EUV adoption is advancing as planned, including High NA. This quarter, we shipped the first TWINSCAN EXE:5200B system.
“Looking at 2026, we see that our AI customers' fundamentals remain strong. At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments. Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.
"We expect third-quarter total net sales between €7.4 billion and €7.9 billion, with a gross margin between 50% and 52%. We expect R&D costs of around €1.2 billion and SG&A costs of around €310 million. For the full year 2025, we expect a 15% increase in total net sales and a gross margin of around 52%," said ASML President and Chief Executive Officer Christophe Fouquet.
Update dividend and share buyback program
An interim dividend of €1.60 per ordinary share will be made payable on August 6, 2025.
In the second quarter, we purchased around €1.4 billion worth of shares under the current 2022–2025 share buyback program.
Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML's website .
Quarterly video interview and investor call
With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2025 second quarter and outlook for 2025. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.
An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on July 16, 2025 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.
About ASML
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