ASML Reports €7.5 Billion Revenue and €5.49 EPS in Q3 2025, Maintains Strong Full-Year Outlook

ASML (ASML.US) reported third-quarter 2025 total net sales of €7.5 billion and net income of €2.1 billion. Basic earnings per share (EPS) for the quarter stood at €5.49. Total net sales saw a quarter-over-quarter decrease of -2.29% from €7.692 billion in Q2 2025, while net income declined by -7.23% from €2.290 billion in Q2 2025. Compared to the analyst EPS estimate of €6.36, ASML missed expectations.

Operational Highlights and Business Drivers

In the third quarter, ASML's gross margin was 51.6%. The company's net bookings for the quarter amounted to €5.4 billion, with EUV bookings contributing significantly at €3.6 billion. This reflects continued strong demand for its advanced lithography systems.

ASML also announced the shipment of its first product serving Advanced Packaging, the TWINSCAN XT:260 i-line scanner, which offers up to four times the productivity of existing solutions. This development, coupled with growing momentum in AI-driven investments across leading-edge Logic and advanced DRAM, highlights the company's innovation and market positioning.

Management Outlook and Future Strategy

ASML anticipates fourth-quarter 2025 total net sales to be between €9.2 billion and €9.8 billion, with a gross margin ranging from 51% to 53%. For the full year 2025, the company expects total net sales growth of approximately 15% relative to 2024, with a gross margin of around 52%.

While management foresees a significant decline in China customer demand for 2026 compared to strong business in 2024 and 2025, they do not expect total net sales in 2026 to fall below 2025 levels. Further details on the 2026 outlook are expected in January.