ASML reports strong Q3 2025 results, expects steady growth
Key Points
- Q3 2025 net sales: €7.52 billion
- Net income: €2.13 billion (€5.49 EPS basic)
- Gross margin: 51.6 %
- Net bookings: €5.4 billion (€3.6 billion EUV)
- Q4 guidance: Sales €9.2 billion – €9.8 billion; gross margin 51–53 %
- 2025 outlook: ~15 % sales growth vs 2024; gross margin ~52 %
- 2026 view: Total net sales not expected to be below 2025
- Interim dividend: €1.60 per share (payable Nov 6 2025)
- Share buyback: €148 million repurchased in Q3; new program planned for Jan 2026
Quarter Highlights
ASML Holding N.V. reported Q3 2025 total net sales of €7.5 billion, a gross margin of 51.6 %, and net income of €2.1 billion.
Net bookings totaled €5.4 billion, including €3.6 billion from EUV systems.
Installed Base Management sales were €1.96 billion, with 66 new lithography systems and 6 used systems shipped.
CEO Statement and Outlook
“Our third-quarter total net sales of €7.5 billion and gross margin of 51.6 % were in line with our guidance, reflecting a good quarter for ASML,” said President and CEO Christophe Fouquet.
“We see continued positive momentum around investments in AI extending to more customers in leading-edge Logic and advanced DRAM. On the other hand, we expect China customer demand and total net sales in 2026 to decline significantly compared to 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.”
“We expect fourth-quarter sales between €9.2 billion and €9.8 billion, with a gross margin between 51 % and 53 %. For the full year 2025 we expect an increase of around 15 % in total net sales and a gross margin of around 52 %.”
Financial Summary
| Metric | Q3 2025 | Q2 2025 |
|---|---|---|
| Total Net Sales | €7.52 B | €7.69 B |
| Gross Margin % | 51.6 % | 53.7 % |
| Net Income | €2.13 B | €2.29 B |
| EPS (Basic) | €5.49 | €5.90 |
| Net Bookings | €5.40 B | €5.54 B |
Capital Return
- Dividend: €1.60 per share on Nov 6 2025
- Buyback: €148 million shares repurchased in Q3 (€5.9 billion total since 2022)
- Next Program: New buyback initiative to be announced January 2026
About ASML
ASML is a leading supplier to the semiconductor industry, providing chipmakers with hardware, software and services to mass-produce integrated circuits. Headquartered in Veldhoven, the Netherlands, ASML has over 44,000 employees worldwide and is listed on Euronext Amsterdam and NASDAQ under the symbol ASML.