ASML has reported another record financial year, posting strong fourth-quarter and full-year results while outlining plans to streamline parts of its organisation to accelerate engineering output and support long-term growth.
The semiconductor equipment giant recorded Q4 2025 net sales of €9.7 billion, a new quarterly record, with a gross margin of 52.2% and net income of €2.8 billion. Quarterly bookings surged to €13.2 billion, including €7.4 billion in EUV orders, reflecting an upswing in customer confidence around medium-term chip demand.
For the full year, ASML reported €32.7 billion in net sales, a gross margin of 52.8%, and €9.6 billion in net income. Its order backlog now stands at €38.8 billion.
“”In the last months, many of our customers have shared a notably more positive assessment of the medium-term market situation, primarily based on more robust expectations of the sustainability of AI-related demand. This is reflected in a marked step-up in their medium-term capacity plans and in our record order intake.
“Therefore, we expect 2026 to be another growth year for ASML’s business, largely driven by a significant increase in EUV sales and growth in our installed base business sales. We continue to invest in people and footprint to support that growth in 2026 and beyond,” said ASML President and Chief Executive Officer Christophe Fouquet.
Strong outlook for 2026
ASML expects another year of growth in 2026, driven primarily by a significant increase in EUV shipments and expansion of its installed base services. The company forecasts:
- Q1 2026 net sales between €8.2-8.9 billion, with gross margins of 51-53%
- Full-year 2026 net sales of €34-39 billion, with gross margins also at 51-53%
- R&D spend around €1.2 billion and SG&A around €0.3 billion for Q1
Major organisational streamlining to boost engineering productivity
Alongside the financial results, ASML disclosed a significant internal restructuring aimed at sharpening its engineering focus and improving agility as the company scales.
In a message shared with employees, leadership acknowledged that rapid growth has introduced complexity and slowed processes, particularly within the Technology and IT organisations. Engineers, in particular, have voiced a desire for faster decision-making and fewer internal bottlenecks.
ASML plans to:
- Shift its Technology organisation from a matrix structure to one where most engineers are dedicated to specific products or modules
- Simplify workflows and decision chains to enable faster innovation
- Maintain a foundational technical team to ensure cross-company standards and deep competency
- Review and streamline the IT & Data organisation in parallel
The proposed restructuring could result in a net reduction of around 1,700 roles, mostly in the Netherlands and some in the US. While certain leadership roles may be eliminated, ASML emphasised it will also be creating new engineering positions aligned with technology roadmaps and customer demand. Hiring will continue across Manufacturing, Customer Support, and Sales.
ASML says it aims to handle the transition “with care, speed, transparency, and fairness”, noting that discussions with social partners in the Netherlands are underway.
A strategic reset at a moment of strength
Fouquet stressed that ASML is making these changes proactively, not reactively. “We are choosing to make these changes at a moment of strength for the company,” he said. “Improving our processes and systems will allow us to innovate more and innovate better.”
With record 2025 results, robust EUV demand, and customers preparing for an AI-driven expansion cycle, ASML says it is positioning itself to deliver faster, more focused engineering at a time when its technology is more critical than ever to the semiconductor ecosystem.
