Netherlands · Delayed Price · Currency is EUR ASML Holding Earnings Call Transcripts
Fiscal Year 2026
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Record sales and strong margins were reported, with robust growth in EUV and installed base business. Major investments in capacity, innovation, and sustainability were outlined, while all shareholder proposals and appointments passed with overwhelming support.
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Q1 2026 saw strong sales and margins, with robust demand for advanced lithography driven by AI and capacity expansion in both logic and memory. 2026 revenue guidance was raised, with significant growth expected in EUV, non-EUV, and installed base management.
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Q1 2026 saw net sales of EUR 8.8 billion and a 53% gross margin, with strong installed base revenue. Full-year 2026 revenue guidance was raised to EUR 36–40 billion, reflecting robust demand from AI-driven semiconductor growth and increased customer capacity investments.
Fiscal Year 2025
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Q4 and full year 2025 saw strong sales and record bookings, driven by AI and data center demand, with EUV system sales up 39% year-over-year. 2026 guidance anticipates further growth, supported by robust customer capacity expansion and a new EUR 12 billion share buyback program.
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Record 2025 results driven by AI-fueled demand for advanced lithography, with net revenue of EUR 32.7 billion and 39% EUV growth. Major restructuring will streamline leadership and boost engineering capacity, while 2026 guidance projects continued strong growth.
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Q4 2025 set records in revenue, order intake, and free cash flow, with full-year revenue up 16% year-over-year. Strong AI-driven demand is fueling growth in EUV and advanced technology segments, with 2026 guidance projecting further revenue and margin expansion.
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Q3 2025 delivered strong results with EUR 7.5 billion in net sales and robust margins. Outlook for 2026 remains stable, with EUV growth offsetting a decline in China-driven DUV sales. Strategic AI partnerships and new product launches position the company for long-term growth.
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Q3 2025 saw net sales of EUR 7.5 billion and net income of EUR 2.1 billion, with strong EUV bookings and gross margin at 51.6%. Q4 and full-year 2025 guidance indicate higher revenues and stable margins, while 2026 is expected to match 2025 sales despite lower China demand.
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Q2 2025 net sales and gross margin exceeded guidance, driven by strong EUV and upgrade business. Full-year revenue is expected to grow 15% with a 52% gross margin, but 2026 outlook is clouded by macroeconomic and tariff uncertainties.
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Q2 2025 saw revenue of €7.7B and a gross margin of 53.7%, both above guidance, with strong EUV and installed base performance. Full-year revenue is expected to rise 15% year-over-year, but tariff and macroeconomic uncertainties remain.
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The meeting highlighted steady financial growth, strong performance in China and memory, and ongoing investment in advanced technologies. Shareholders approved all proposals, including a 4.9% dividend increase and a revised remuneration policy, while management addressed risks from tariffs, competition, and ESG issues.
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Q1 2025 saw net sales of EUR 7.7 billion, strong EUV system performance, and a 54% gross margin. 2025 revenue is guided at EUR 30–35 billion, with AI and advanced logic driving growth, but tariff and macro uncertainties remain elevated.
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Q1 2025 net sales were EUR 7.7 billion with a 54% gross margin, exceeding guidance. Full-year revenue is projected between EUR 30–35 billion, with AI driving demand but tariff uncertainties impacting outlook. Share buybacks and dividends remain strong.
Fiscal Year 2024
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Q4 and full-year 2024 results exceeded guidance, with strong sales, margin, and cash flow. AI-driven demand is fueling growth in advanced logic and memory, while China sales are normalizing. 2025 guidance projects further revenue and margin expansion, with risks from customer timing and geopolitics.
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Record Q4 and full-year results were driven by strong demand, especially in AI and memory, with robust order intake and cash generation. Technological milestones in EUV and Multibeam, continued R&D investment, and a positive long-term outlook position the company for growth.
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Record Q4 and 2024 results exceeded guidance, driven by strong Installed Base and technology milestones. 2025 revenue is projected at EUR 30-35 billion, with AI fueling growth and export controls reflected in guidance. Dividend increased 5% year-over-year.
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The event reaffirmed a €1 trillion semiconductor market by 2030, with AI driving a shift toward advanced logic and DRAM, boosting lithography demand. EUV and High NA innovations will reduce costs and emissions, while financial guidance remains robust with €44–€60 billion revenue targeted for 2030.
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Q3 2024 net sales and earnings exceeded guidance, driven by strong DUV and installed base management sales, but a slower recovery in non-AI markets and customer cautiousness led to a reduced 2025 revenue and margin outlook. China sales are normalizing, and High NA EUV momentum continues.
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Quarterly net sales exceeded guidance at EUR 7.5 billion, with strong DUV and installed base revenue. 2025 revenue is now expected at EUR 30–35 billion, with gross margin guidance lowered due to reduced Low-NA EUV demand and China mix. AI demand remains a key growth driver.
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AI-driven demand is fueling growth in advanced logic and memory, with recovery in traditional markets lagging. High-NA EUV rollout is on track, and China’s revenue share is expected to normalize as global demand recovers. The 2025 revenue outlook remains strong, supported by secular trends and ongoing fab expansion.
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Q2 2024 sales and profitability exceeded guidance, driven by strong AI-related demand and robust bookings. High-NA EUV systems are progressing, and 2025 revenue is expected to be strong, with a solid backlog and industry recovery underway.