ASML Q3 Revenue €7.5B, First TWINSCAN XT:260 Shipped

Recently, ASML released its financial results for the third quarter of 2025, reporting net sales of €7.5 billion and a gross margin of 51.6%, both in line with expectations. Net profit reached €2.1 billion, while new orders totaled €5.4 billion, including €3.6 billion from EUV lithography systems.

Looking ahead, ASML expects Q4 net sales between €9.2–9.8 billion with a gross margin of 51–53%, and projects 2025 full-year revenue growth of around 15% to €32.5 billion. The company also anticipates 2026 revenue to remain at least on par with 2025.

CFO Roger Dassen noted that the Q3 results included revenue recognition for one High-NA EUV system, with service and installation revenue reaching €2 billion.

CEO Christophe Fouquet highlighted ASML's ongoing technological progress: "We're seeing lithography take a larger share of total fab investments, especially as EUV applications expand and High-NA EUV advances. Our new TWINSCAN XT:260 lithography system, designed for advanced packaging, delivers up to four times higher productivity compared to existing tools."

ASML also emphasized its growing integration of AI technologies through a partnership with Mistral AI, enhancing system performance, efficiency, and yield optimization. Several chipmakers have already shown interest in the XT:260 system as ASML strengthens its presence in the 3D integration domain.

On the market front, Fouquet noted that AI-driven investments continue to accelerate across leading-edge logic and advanced DRAM production. While ASML's performance in China remained robust through 2024–2025, the company expects demand to moderate in 2026 due to a high base effect. He added that EUV demand is set to rise, while DUV sales could decline slightly amid regional shifts.

For Q4, ASML forecasts R&D spending of around €1.2 billion and SG&A expenses near €320 million. Under its 2022–2025 share buyback plan, ASML repurchased €148 million worth of shares in Q3, bringing the total to €5.9 billion. However, the company does not expect to complete the full €12 billion program by 2025 and plans to announce a new buyback initiative in January 2026.

Maintaining its long-term outlook, ASML reiterated its goal to achieve €44–60 billion in annual revenue by 2030, with gross margins between 56% and 60%, driven by sustained demand for EUV and advanced semiconductor manufacturing technologies.