ASML announced its financial results for the third quarter of 2025, reporting total net sales of €7.5 billion and a gross margin of 51.6%, in line with its previous guidance.
Net income reached €2.1 billion, with quarterly net bookings of €5.4 billion, of which €3.6 billion came from Extreme Ultraviolet (EUV) systems.
The company projected fourth-quarter total net sales to range between €9.2 billion and €9.8 billion, with a gross margin between 51% and 53%. For the full year, ASML expected total net sales to increase by around 15% compared to 2024, achieving an average gross margin of about 52%.
President and Chief Executive Officer Christophe Fouquet stated: “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.
“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 four times 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.
“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.
“We expect fourth-quarter total net sales between €9.2 billion and €9.8 billion, with a gross margin between 51% and 53%. We expect R&D costs of around €1.2 billion and SG&A costs of around €320 million. For the full year 2025, we expect an increase of around 15% in total net sales and a gross margin of around 52%, with an expected very strong fourth quarter.”
