ASML Stock ASML.AS
ASML Holding NV designs and manufactures lithography systems used by semiconductor manufacturers to print circuit patterns onto silicon wafers, serving as an essential step in chip production. ASML stock (ASML.AS): Quarterly and annual results since 2023 from Quarterly Report and IR documents: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 07/2026, quarterly reporting. Stock analysis by NadirAlpha. ASML stock (ASML.AS): listed on Euronext Amsterdam, WKN A1J4U4. NadirAlpha has evaluated 24 original documents, cross-checked every figure automatically and linked each to its source; sources as of 07/2026. Revenue Q2 2026: EUR 9.3 billion (+21% year on year). Latest reported (Q2 2026): Income from operations as a percentage of net sales, Gross margin, Used lithography systems sold. Latest reading: Revenue accelerating, Cash flow inflection, Guidance raised, Strategic pivot.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
ASML Current Status
Where ASML stands after the report for Q2 2026: what changed in revenue, earnings and outlook, written editorially from the original report. NadirAlpha methodology
Assessment by NadirAlpha, as of Q2 2026.
“On July 15, 2026, we published our Statutory Interim Report for the six-month period ended June 28, 2026.”
ASML Stock: Key Figures (€ million)
NadirAlpha shows fiscal years, half-years and quarters of ASML one below the other, most recently Q2 2026; every figure is clickable and leads to raw value, location and source. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Fiscal years
| Period | Revenue | Op. income | Net income | EPS (€) | OCF | Source |
|---|---|---|---|---|---|---|
| FY2025 | 32,667.3 | 11,301.4 | 9,609.4 | 24.73 | 13,826.5~ | 119 |
| FY2024 | 28,262.9 | 9,022.6 | 7,571.6 | 19.25 | 11,166.2 | 107 |
| FY2023 | 27,558.5 | 9,511.9 | 7,839 | 20.59 | 6,536.2~ | 119 |
Quarters
| Period | Published | Revenue | Op. income | Net income | EPS (€) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-07-15 | 9,326.5 | 3,456.1 | 2,917.6 | 7.58 | 1,403.6 | 6,671.9 | -2,952.2 | 124 |
| 2026-Q1* | 2026-04-15 | 8,766.9 | 3,157.8 | 2,756.7 | 7.15≈ | – | 7,970.4~ | -5,264.8~ | 120 |
| 2025-Q4* | 2026-01-28 | 9,718.1 | 3,431.1 | 2,839.6 | 7.34 | 10,962.4 | 12,916 | -8,525.1 | 124 |
| 2025-Q3* | – | 7,516 | 2,468.4 | 2,124.5 | 5.48 | 263.2 | 5,126.5 | -2,421.8~ | 124 |
| 2025-Q2* | 2025-07-16 | 7,691.7 | 2,664.1 | 2,290.3 | 5.90 | 332.9 | 7,243.5 | -2,537.7 | 124 |
| 2025-Q1* | – | 7,741.5 | 2,737.9 | 2,355 | 6.60*≈ | – | 9,098.4 | -5,417.4~ | 120 |
| 2024-Q4* | – | 9,262.8 | 3,355.4 | 2,693.4 | 6.84 | 8,840.8 | 12,735.9 | -8,048.3 | 109 |
| 2024-Q3* | – | 7,467.3 | 2,441.2 | 2,076.5 | 5.28 | 535 | 4,979.3 | -287.1~ | 109 |
| 2024-Q2* | – | 6,242.8 | 1,834.6 | 1,577.9 | 4.01 | 392.4 | 4,813.6 | -205.4~ | 109 |
| 2024-Q1* | – | 5,290 | 1,391.4 | 1,223.8 | 3.11 | -669.2 | 5,100.8 | -488.8~ | 111 |
| 2023-Q4* | – | 7,237 | 2,391.9 | 2,048.1 | 5.20 | 2,613 | 7,004.7 | -2,373.1 | 107 |
| 2023-Q3* | – | 6,673 | 2,182.4 | 1,893.4 | 4.81 | 626.3 | 4,975.5 | -453.2~ | 108 |
| 2023-Q2* | – | 6,902.3 | 2,263 | 1,941.7 | 4.93 | -153.1 | 6,341.3 | -1,823.5~ | 106 |
| 2023-Q1* | – | 6,746.2 | 2,205 | 1,955.8 | 5.59*≈ | – | 6,647.7 | -3,111.7~ | 105 |
ASML Balance Sheet & Cash Flow (€ million)
Balance sheet and cash flow of ASML up to Q2 2026 in € million: net debt = financial debt minus cash, free cash flow = operating cash flow minus capex, every input sourced. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
| Period | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|
| FY2025 | 12,916 | 4,390.9 | -8,525.1 | 1,432.8 | 13,826.5~ | 1,573.6 | 12,252.9~ | 119 |
| FY2024 | 12,735.9 | 4,687.6 | -8,048.3 | 1,200.1 | 11,166.2 | 2,067.2 | 9,099 | 107 |
| FY2023 | 7,004.7 | 4,631.6 | -2,373.1 | 1,047.5 | 6,536.2~ | 2,155.6 | 4,380.6~ | 119 |
Quarters
| Period | Published | Cash | Debt | Net Debt | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-Q2 | – | 6,671.9 | 3,719.7 | -2,952.2 | 1,703 | 299.4 | 1,403.6 | 124 |
| 2026-Q1 | 2026-04-15 | 7,970.4~ | 2,705.6~ | -5,264.8~ | – | – | – | 120 |
| 2025-Q4 | – | 12,916 | 4,390.9 | -8,525.1 | 11,410.3 | 447.9 | 10,962.4 | 124 |
| 2025-Q3 | – | 5,126.5 | 2,704.7~ | -2,421.8~ | 559.1 | 295.9 | 263.2 | 124 |
| 2025-Q2 | – | 7,243.5 | 4,705.8 | -2,537.7 | 747.7 | 414.8 | 332.9 | 124 |
| 2025-Q1 | – | 9,098.4 | 3,681~ | -5,417.4~ | – | – | – | 120 |
| 2024-Q4 | – | 12,735.9 | 4,687.6 | -8,048.3 | 9,544.8 | 704 | 8,840.8 | 109 |
| 2024-Q3 | – | 4,979.3 | 4,692.2~ | -287.1~ | 949.9 | 414.9 | 535 | 109 |
| 2024-Q2 | – | 4,813.6 | 4,608.2~ | -205.4~ | 923.4 | 531 | 392.4 | 109 |
| 2024-Q1 | – | 5,100.8 | 4,612~ | -488.8~ | -251.9 | 417.3 | -669.2 | 111 |
| 2023-Q4 | – | 7,004.7 | 4,631.6 | -2,373.1 | 3,197 | 584 | 2,613 | 107 |
| 2023-Q3 | – | 4,975.5 | 4,522.3~ | -453.2~ | 1,128.1 | 501.8 | 626.3 | 108 |
| 2023-Q2 | – | 6,341.3 | 4,517.8~ | -1,823.5~ | 384.7 | 537.8 | -153.1 | 106 |
| 2023-Q1 | – | 6,647.7 | 3,536~ | -3,111.7~ | – | – | – | 105 |
ASML Guidance Tracking (latest per metric/period · 18/18)
NadirAlpha records 18 guidance statements of ASML neutrally: annual and quarterly targets, direction of change and outcome as a dot with legend, with no estimate of our own. NadirAlpha methodology
Actuals: revenue in €m · ratios in %
Direction: confirmedinitiatedraised Verdict: beatin linepending
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2030 | 2026-02-25 | Revenue | 44,000–60,000 | – | – | 18 | |
| FY2030 | 2025-12-31 | Gross margin (GAAP) | 56–60% | – | 19 | ||
| FY2030 | 2025-12-31 | Revenue opportunity | 44,000–60,000 | – | 19 | ||
| FY2026 | 2026-07-15 | Revenue | 43,000–45,000 | – | 23 | ||
| FY2026 | 2026-07-15 | Gross margin (GAAP) | 54–56% | – | 23 | ||
| FY2026 | 2026-01-28 | R&D costs | 1,200 | – | 15 | ||
| FY2026 | 2026-01-28 | SG&A costs | 300 | – | 15 | ||
| FY2026 | 2025-12-31 | Tax rate | 17% | – | 19 | ||
| 2026-Q3 | 2026-07-15 | Revenue | 11,000–12,000 | – | 23 | ||
| 2026-Q3 | 2026-07-15 | Gross margin (GAAP) | 55–57% | – | 23 | ||
| 2026-Q2 | 2026-04-15 | Revenue | 8,400–9,000 | 9,326.5 | 22 | ||
| 2026-Q2 | 2026-04-15 | Gross margin (GAAP) | 51–52% | – | – | 22 | |
| 2026-Q1 | 2025-12-31 | Revenue | 8,200–8,900 | 8,766.9 | 15 | ||
| 2026-Q1 | 2025-12-31 | Gross margin (GAAP) | 51–53% | – | – | 15 | |
| 2026-Q1 | 2025-12-31 | R&D costs | 1,200 | – | – | 19 | |
| 2026-Q1 | 2025-12-31 | SG&A costs | 300 | – | – | 19 | |
| FY2025 | 2025-07-16 | Revenue growth (YoY) | 15% | 15.6 | 14 | ||
| FY2025 | 2025-07-16 | EUV capacity increase | 30% | – | – | 14 |
ASML Stock: Price & Chart
Interactive price chart of ASML stock (TradingView) and the trend of key figures from the core tables; the chart loads only after a click and then connects to TradingView. NadirAlpha methodology
No embedded chart is licensed for this exchange; the chart opens on TradingView in a new tab.
ASML Event Timeline
What happened at ASML since 2023: events from the filings, grouped by quarter, with the source date and a clickable source number. NadirAlpha methodology
2026 · 6 events
“Our second-quarter total net sales were €9.3 billion and gross margin came in at 54.0%, both above guidance, driven primarily by higher than expected Installed Base Management sales. Ongoing AI-related investments and continued progress in AI technologies are driving demand for advanced Logic and Memory chips, further strengthening the semiconductor industry's growth outlook. Our customers, in turn, continue to accelerate their capacity expansion plans. This is translating into customer commitments across our product portfolio, providing ASML with increased visibility into longer-term demand. Our order intake remained extremely strong in the first half of the year. Based on this momentum, we are planning to add 30% to our 2026 low NA EUV capacity of around 65 for 2027, and we are investigating to increase capacity with another 30% for 2028. Similarly, we plan to add 30% to our 2026 DUV immersion capacity of around 130 for 2027, and we are investigating to increase capacity with another 30% in 2028. In addition, we are continuing to significantly expand our upgrade portfolio. We expect third-quarter 2026 total net sales between €11.0 billion and €12.0 billion, with a gross margin between 55% and 57%. We expect R&D costs of around €1.2 billion and SG&A costs of around €0.4 billion. Given the business dynamics discussed above, we now expect total net sales for 2026 to be between €43 billion and €45 billion, with a gross margin between 54% and 56%. At our next Capital Markets Day, which will be held on June 10, 2027, we will update our longer-term views to reflect the market and technology dynamics since our last Capital Markets Day.”
Q2 net sales of EUR 9,326.5 million exceeded guidance, driven by higher than expected Installed Base Management sales, with gross margin of 54.0% also above guidance 23
Full-year 2026 guidance raised to €43-45 billion net sales with 54-56% gross margin, reflecting strong H1 order intake driven by AI-related investments and customer capacity expansion 23
ASML announced plans to add 30% to NXE EUV and NXT immersion capacity for 2027 and is investigating further 30% increases for 2028 to meet growing customer demand 23 21
Operating cash flow reached EUR 1,703.0 million vs EUR 747.7 million in 2025-Q2 (×2.3). 124
“Our first-quarter total net sales were €8.8 billion, within our guidance, and gross margin came in at 53.0%, at the high end of our guidance.”
Q1 net sales of EUR 8,766.9 million reached the high end of guidance with gross margin of 53.0%, representing year-on-year growth of 13.3% 22 20
Full-year 2026 net sales guidance raised to €36-40 billion with gross margin 51-53%, citing solidifying semiconductor industry growth driven by AI-related infrastructure investments 22
2025 · 13 events
“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.”
2026 guidance initiated: total net sales EUR 34-39 billion with gross margin 51-53%; Q1 2026 net sales guidance EUR 8.2-8.9 billion 15
Q4 total net sales increased to EUR 9,718.1 million from EUR 9,262.8 million in Q4 2024 (+4.9% YoY), re-accelerating from Q3 2025's near-flat YoY trajectory 16
Full-year 2025 gross margin reached 52.8% from 51.3% in 2024; Q4 2025 gross margin was 52.2% from 51.7% in Q4 2024, driven by favorable NXE product mix and higher service sales 16 18
Net cash position expanded to EUR 8,525.1 million from EUR 2,537.7 million in 2025-Q2 (+236%, derived from reported financial debt minus cash). 124
“Results in line with guidance, as AI investment continues to gather momentum.”
ASML invested EUR 1.3 billion in Mistral AI's Series C funding round as lead investor, acquiring approximately 11.1% on a fully diluted basis 19
First TWINSCAN EXE:5200B system shipped in April 2025, delivering 60% higher productivity than the EXE:5000 predecessor 19
ASML confirmed full-year 2025 revenue growth of approximately 15% relative to 2024 at the H1 2025 interim report 14
Total net sales rose 46.3% YoY to EUR 7,741.5 million, with lithography system unit sales increasing to 77 units from 70 units in Q1 2024 11
Gross profit margin expanded to 54.0% from 51.0% in Q1 2024; operating margin improved to 35.4% from 26.3% 11
2024 · 8 events
Q4 2024 total net sales increased to 9,262.8 million EUR from 7,237.0 million EUR in Q4 2023 7
Net cash position expanded to EUR 8,048.3 million from EUR 2,373.1 million in 2023-Q4 (+239%, derived from reported financial debt minus cash). 109
H1 2024 total net sales declined to 11,532.8 million EUR from 13,648.5 million EUR in H1 2023 6
Value of booked systems grew to 9,178 million EUR in H1 2024 from 8,252 million EUR in H1 2023 6
Operating cash flow reached EUR 923.4 million vs EUR 384.7 million in 2023-Q2 (×2.4). 109
2023 · 10 events
Full-year 2023 gross profit margin improved to 51.3% from 50.5% in 2022 4
ASML Business Model
The ASML business model in brief: products, customers and revenue sources as the company itself describes them in its reports. NadirAlpha methodology
ASML Holding NV designs and manufactures lithography systems used by semiconductor manufacturers to print circuit patterns onto silicon wafers, serving as an essential step in chip production. ASML is the world's sole producer of extreme ultraviolet (EUV) lithography systems and a leading manufacturer of deep ultraviolet (DUV) immersion and dry systems, with customers spanning the global logic and memory chip industry. Revenue is generated through system sales, primarily EXE (high-NA EUV), NXE (EUV), and NXT (DUV immersion) platforms, and through the Installed Base Management segment, which provides maintenance, field upgrades, and support services for ASML's growing installed base of systems in customer fabs worldwide. Service and field option sales constitute an increasing share of total revenue, driven by the expanding installed base and customer demand for productivity and yield improvements.
ASML Stock: Share-Price Drivers
Factors ASML itself names as material for its business development, reproduced neutrally, without price forecast and without assessment of our own. NadirAlpha methodology
NXE systems are the single largest system revenue line in the first half of 2026, ahead of ArF immersion and EXE, making EUV the primary revenue engine 21
NXE systems the largest system category in 2026-H1 and above the prior-year half; NXE:4200G and NXE:3800F platforms in the pipeline 21
EXE:5200B shipped in full specification in April 2025 and EXE revenue is higher in 2026-H1 than the prior-year half, with the EXE platform expected to support high-volume manufacturing from 2027 21 18
Logic and Memory are the two largest end-use markets in 2026-H1, both above their prior-year half levels 21 14
China revenue in 2026-H1 is lower than in the prior-year half, while Taiwan and South Korea remain the largest regions 21 14
NXE:3800E field upgrades to 220 wafers-per-hour configurations and continued performance upgrades of installed-base systems 14 22
TWINSCAN XT:260 for 3D integration, YieldStar 550/YS 550 optical metrology and HMI eScan multibeam inspection extend the product line beyond core exposure tools 18 21
Sector trend: Semiconductor lithography demand is trending higher, led by advanced Logic and Memory investment that lifts EUV (NXE) and High-NA (EXE) system volumes, while China regional demand is easing 21 14. Reported profitability is improving alongside rising revenue 124.
ASML Revenue by Type (as of 2026-Q2 · EUR million · 46/46)
Revenue of ASML split by segment or product type exactly as the company itself reports it; segment totals can deviate from group revenue. NadirAlpha methodology
| Segment | Since | Revenue | Source |
|---|---|---|---|
| Period 2026-H1 (6M) | |||
| NXE | 2026-H1 | 6,708.5 | 21 |
| Logic | 2026-H1 | 6,442.7 | 21 |
| Memory | 2026-H1 | 6,401.5 | 21 |
| ArF immersion | 2026-H1 | 3,331.7 | 21 |
| EXE | 2026-H1 | 1,188.9 | 21 |
| KrF | 2026-H1 | 772.6 | 21 |
| EMEA | 2026-H1 | 407.1 | 21 |
| ArF dry | 2026-H1 | 367.3 | 21 |
| Metrology & Inspection | 2026-H1 | 362.1 | 21 |
| I-line | 2026-H1 | 113.1 | 21 |
| Rest of Asia | 2026-H1 | 1.1 | 21 |
| South Korea | FY2025 | 7,085.5 | 21 |
| Taiwan | FY2025 | 5,114.7 | 21 |
| China | FY2025 | 2,883.3 | 21 |
| United States | FY2025 | 1,939.6 | 21 |
| Japan | FY2025 | 440.3 | 21 |
| Singapore | FY2025 | 221.8 | 21 |
| Period FY2025 (12M) | |||
| Netherlands | FY2025 | 34,002.6 | 12 |
| Consolidated (Single reporting segment) | FY2025 | 32,667.3 | 19 |
| Germany | FY2025 | 515.2 | 12 |
| Ireland | FY2025 | 345.7 | 12 |
| Israel | FY2025 | 99.5 | 12 |
| Italy | FY2025 | 72.2 | 12 |
| France | FY2025 | 39.3 | 12 |
| United Kingdom | FY2025 | 36.3 | 12 |
| Belgium | FY2025 | 26.5 | 12 |
| Malaysia | FY2025 | 3.9 | 12 |
| Russia | FY2025 | 0 | 12 |
| Hong Kong | FY2025 | -19.8 | 12 |
| Period 2025-H1 (6M) | |||
| Logic end-use | 2025-H1 | 7,157.6 | 14 |
| NXE systems | 2025-H1 | 5,593.2 | 14 |
| South Korea geographic region | 2025-H1 | 4,413.6 | 14 |
| Taiwan geographic region | 2025-H1 | 4,361.9 | 14 |
| ArF immersion systems | 2025-H1 | 4,301.7 | 14 |
| Memory end-use | 2025-H1 | 4,178.9 | 14 |
| China geographic region | 2025-H1 | 3,712.3 | 14 |
| United States geographic region | 2025-H1 | 1,942.8 | 14 |
| KrF systems | 2025-H1 | 495.6 | 14 |
| Japan geographic region | 2025-H1 | 492.9 | 14 |
| Metrology & Inspection systems | 2025-H1 | 320.9 | 14 |
| EMEA geographic region | 2025-H1 | 314.2 | 14 |
| EXE systems | 2025-H1 | 273.8 | 14 |
| Singapore geographic region | 2025-H1 | 194.3 | 14 |
| ArF dry systems | 2025-H1 | 193.3 | 14 |
| I-line systems | 2025-H1 | 158 | 14 |
| Rest of Asia geographic region | 2025-H1 | 1.2 | 14 |
ASML Products & announcements (22/22 active+recent)
What ASML launched, had approved or announced, from the filings up to Q2 2026, each row with the date of first mention. NadirAlpha methodology
Status: PlannedLaunched
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2027 | |||
| TWINSCAN EXE platform expected to support high-volume manufacturing | 2027 | 18 | |
| 2026 | |||
| YS 550 (next generation optical metrology system) | 2026-06 | 21 | |
| XT:260 platform (3D integration solutions) | 2026-06 | 21 | |
| NXE:4200G platform | 2026-06 | 21 | |
| Performance upgrades of installed base systems | 2026 | 22 | |
| Chief Technology Officer role addition to Board of Management | 2026 | 18 | |
| Chief Technology Officer (CTO) position created and Marco Pieters appointed | 2026 | 19 | |
| 2025 | |||
| TWINSCAN EXE platform (3x) | 2025-06 | 19 | |
| NXE:3800E field upgrades to 220 wafers per hour configuration | 2025-06 | 14 | |
| TWINSCAN EXE:5200B system shipped in full specification | 2025-04 | 18 | |
| eScan 2200 (multibeam inspection) (2x) | 2025 | 21 | |
| YieldStar 550 metrology system for advanced pre-etch overlay control | 2025 | 18 | |
| YieldStar 550 (2x) | 2025 | 19 | |
| YieldStar 1390 optical metrology system shipped | 2025 | 18 | |
| YieldStar 1390 | 2025 | 19 | |
| TWINSCAN XT:260 advanced packaging system launched | 2025 | 18 | |
| NXE:3800F platform (3×) | 2025 | 19 | |
| NXE field upgrades (3×) | 2025 | 18 | |
| HMI eScan1100 multibeam inspection system launched | 2025 | 18 | |
| First product shipped for advanced packaging market (3D device integration) | 2025 | 19 | |
| First advanced packaging product shipment | 2025 | 18 | |
| EXE systems delivery expansion | 2025 | 19 | |
ASML Transactions & Events (2)
2 transactions and events of ASML from the original reports, financing measures and management changes are not listed here, cancelled items in grey. NadirAlpha methodology
Acquisitions by ASML
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2025 | |||
| Mistral AI investment (3×) | 2025 | Completed | 19 |
Partnerships and contracts of ASML
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2025 | |||
| Strategic partnership agreement extension with imec | 2025 | Agreement | 18 |
ASML Risks (138 since the annual report of 2026-02-25, 144 tracked in total)
NadirAlpha lists 138 active risks of ASML from the filings, the category as a coloured dot with legend, the wording as a short summary of the filing with no assessment of our own. NadirAlpha methodology
Category: ESGCustomersSupply chainPeopleRegulatoryStrategyMacroMarketTechnologyCompetitionFinancialOperationsLegalGeopoliticsCyberorganisatorisch
| Risk | Category | Last reported |
|---|---|---|
| ASML: first mention in IR-Annual annual report of 2026-02-25 (FY2025), source 18 | ||
| May not be able to achieve ESG objectives or adapt to emerging ESG expectations | 2026-H1 2026-07-15 21 | |
| ASML: first mention in IR-Half half-year report of 2026-07-15 (2026-H1), source 21 | ||
| Highly dependent on performance of limited number of critical suppliers | = | |
| Highly dependent on availability of single-source key components and critical supplies | = | |
| Dependent on ability to manage organization growth and attract and retain qualified employees | = | |
| Impact of changes in export regulations on ability to obtain licenses and serve customers | = | |
| May be unable to make desirable acquisitions or integrate successfully acquired businesses | = | |
| Exposed to economic, geopolitical and international operations; wars and geopolitical tensions exacerbate risks | = | |
| Impacted by general economic conditions, macroeconomic environment and geopolitical developments | = | |
| Future success dependent on AI investments and semiconductor industry growth outlook | = | |
| Semiconductor industry can be cyclical; downturn would adversely affect business | = | |
| Exposed to risks related to use of artificial intelligence | = | |
| Disruptions in processes or information technology systems could materially adversely affect operations | = | |
| Face intense competition in semiconductor equipment industry | = | |
| Challenge to meet expected demand alongside broader adverse economic conditions | = | |
| ASML: first mention in IR-Quarter quarterly report of 2026-04-15 (2026-Q1), source 22 | ||
| Ability to refinance indebtedness and maintain liquidity | = | |
| Risk of order cancellations, delays or push-outs and backlog realization | = | |
| Macroeconomic environment impact on semiconductor industry and demand | = | |
| Wars and geopolitical developments impact semiconductor industry | = | |
| Production capacity and ability to adjust to meet demand fluctuations | = | |
| ASML: first mention in IR-Annual annual report of 2026-02-25 (FY2025), source 18 | ||
| High percentage of net sales derived from few customers | 2026-H1 2026-07-15 21 | |
| May face challenges in managing industrialization of products and bringing to high-volume production | 2026-H1 2026-07-15 21 | |
| Defending against intellectual property claims brought by others could harm business | 2026-H1 2026-07-15 21 | |
| ASML's cash generation impacted by semiconductor market developments and customer demand | = | |
| internal risk management systems cannot prevent all operational and compliance risks or materialization of risks | = | |
| Credit risk concentrated with three largest customers; business failure could result in losses | = | |
| Concentrated receivables; top 3 customers 35.4% of accounts receivable | FY2025 19 | |
| 327 units sold 2025; revenue concentrated in few lithography products | FY2025 19 | |
| China represents 29.1% of 2025 net sales; export control restrictions impact deliveries | = | |
| South Korea customers represent 25.0% of 2025 net sales; North Korea conflict risk | = | |
| Taiwan customers represent 25.5% of 2025 net sales; geopolitical risks threaten operations | = | |
| US-China geopolitical tensions and export restrictions create dynamic market challenges | = | |
| Short-term market volatility and customer demand sustainability require strategic flexibility | = | |
| Single supplier for optical columns; limited production capacity in two German facilities | FY2025 19 | |
| suppliers face financial constraints for decarbonization investments limiting emission reduction commitments | = | |
| Carl Zeiss SMT is sole supplier of critical optics; loss would materially impact business | = | |
| Single-sourced components; Carl Zeiss SMT sole optics supplier | FY2025 19 | |
| suppliers lack GHG reporting infrastructure and data quality for scope 3 emissions calculation | = | |
| China represents significant portion of revenue; geopolitical tensions and export controls create risks to China DUV business | = | |
| All manufacturing in Veldhoven, Eindhoven, Oirschot (NL), Berlin, Wilton, San Diego, Pyeongtaek, Linkou, Tainan; disruption risk | FY2025 19 | |
| Business subject to global export control laws; compliance required across multiple jurisdictions where ASML operates | = | |
| Export control restrictions on EUV systems and specific DUV immersion systems to China | = | |
| EUV, DUV and metrology/inspection technology execution critical to competitive positioning | = | |
| no viable low-carbon alternatives for steel, aluminum and other critical supply chain materials | = | |
| Exposed to financial risks including liquidity risk, interest rate risk, counterparty credit risk | 2026-H1 2026-07-15 21 | |
| Subject to regulatory and compliance obligations in various countries with increasing complexity | 2026-H1 2026-07-15 21 | |
| Cyberattacks targeting IT and OT infrastructure increasing in frequency and sophistication | = | |
| Unauthorized access to customer, employee, supplier confidential information and data | = | |
| System failures or security breaches could disrupt critical systems and operations | = | |
| Dependency on cloud providers and IT service providers; vendor lock-in | FY2025 19 | |
| Low-carbon economy transition requires product design changes, technology restrictions | = | |
| Semiconductor production emissions forecast to increase four-fold by 2030 without industry-wide efficiency actions | = | |
| ESG-related regulations and disclosure requirements evolving; non-compliance risks | = | |
| Exposed to fluctuations in USD, JPY, TWD, KRW, CNY exchange rates; 10% strengthening would have minor net income impact | = | |
| Significant exposure to USD, JPY, KRW, TWD, CNY fluctuations against euro | = | |
| Geopolitical volatility affects market demand predictions and customer capital expenditure planning | = | |
| Inflation increases costs of goods, transportation, wages; margin pressure if not passed on | = | |
| Exposure to market interest rate fluctuations on interest-bearing assets and liabilities | FY2025 19 | |
| product energy consumption and availability of affordable low-carbon energy pose constraints on achieving 2040 targets | = | |
| Mistral AI equity investment fair value involves estimation uncertainty and could result in significant remeasurement within next financial year | = | |
| Tariff announcements and negotiations create uncertainty for customer investment decisions and equipment costs | = | |
| Governments pushing for semiconductor technological sovereignty creates both opportunities and regulatory constraints | = | |
| Supply chain exposed to China's rare earth element export restrictions affecting system components | = | |
| Suppliers must balance steep long-term growth expectations with short-term cyclical fluctuations in semiconductor demand | = | |
| Supply disruptions from labor strikes, fires, energy shortages, pandemics, cyberattacks | = | |
| Climate change increases weather events and drought risks to operational continuity | = | |
| Global GDP growth slowdown may impact semiconductor demand and customer capacity decisions | = | |
| insufficient affordable low-carbon energy access in regions where company, suppliers and customers operate | = | |
| Semiconductor industry cyclical; exposure to downturn risk | FY2025 19 | |
| Geopolitical push for technological sovereignty may create global overcapacity | = | |
| Risk of overcapacity if demand decreases or fails to match increased capacity | = | |
| Challenges meeting expected demand despite capacity increases; supplier constraints | = | |
| Risk that products may not meet development milestones, specifications, quality standards | = | |
| Growth in organization and suppliers strains ability to recruit and retain talent | = | |
| Difficulty attracting and retaining qualified engineers; complex technology | FY2025 19 | |
| No guaranteed cash dividends; share buyback programs subject to availability of distributable profits | = | |
| spend-based emissions methodology causes fluctuations in calculated scope 3 emissions with business expenditure | = | |
| Subject to numerous and differing regulatory frameworks across jurisdictions; export controls | = | |
| sustainability reporting must comply with ESRS and evolving EU regulations; limited assurance provided | = | |
| New laws and regulations increase compliance costs and risks; NIS2 Directive, CRA impact | = | |
| Tax legislation changes may affect effective tax rate; BEPS and Global Minimum Tax impact | = | |
| Acquisitions may not deliver expected benefits; integration presents operational risks | = | |
| Future success depends on responding to semiconductor industry developments timely | = | |
| Uncertainty in new product introductions depends on successful R&D program execution | = | |
| Global electricity supply growth insufficient to meet projected AI model energy demands without efficiency improvements | = | |
| AI systems vulnerable to algorithm flaws, training method issues, biased datasets | = | |
| Evolving government AI regulations may restrict product use and increase compliance costs | = | |
| AI implementation uncertainty; algorithm and data quality risks | FY2025 19 | |
| EUV machine energy consumption presents long-term challenge; need for 30-40% further reduction over next 5-10 years | = | |
| Intense competition from Canon, Nikon, Applied Materials, KLA-Tencor | FY2025 19 | |
| ASML: first mention in FY2025, source 19 | ||
| Taiwan 25.5% sales, South Korea 25.0%; cross-strait risks | = | |
| Customers consist of integrated circuit manufacturers; credit risk mitigated through down payments and letters of credit | = | |
| Volume purchase agreements with complex distinct performance obligations requiring careful revenue recognition judgments | = | |
| Exposed to foreign exchange risk and inflation risk | 2026-H1 2026-07-15 21 | |
| Operations expose to health, safety and environment risks | 2026-H1 2026-07-15 21 | |
| Success of new product introductions uncertain and dependent on R&D execution | 2026-H1 2026-07-15 21 | |
| Free cash flow management and cost flexibility priorities amid market volatility | = | |
| Business subject to global macroeconomic uncertainty and geopolitical volatility impacting financial results | = | |
| No guarantee of dividends or share buybacks in any given year | = | |
| Exposure to US dollar, Japanese yen, Taiwanese dollar, Korean won and Chinese yuan fluctuations | = | |
| EUR exposure to USD, JPY, KRW, TWD, CNY fluctuations | = | |
| Higher-than-normal inflation impacts costs; pricing pass-through risk | = | |
| Floating-rate debt exposure; fixed-rate Eurobonds | = | |
| Capital markets disruption could affect financing ability | = | |
| China introduced new rules restricting exports of rare earth elements and limiting technology sharing for foreign products containing rare earth | = | |
| Uncertainty in timing and magnitude of capital expenditures | = | |
| Component lead times increased; demand forecasting uncertainty | = | |
| Market uncertainties and semiconductor industry cyclicality affecting demand | = | |
| Tariff announcements and geopolitical volatility impacted 2025 GDP forecasts | = | |
| Export controls and tariffs impacting ASML business and supply chain | = | |
| Challenge meeting future demand; supplier capacity constraints | = | |
| Integration of new Board of Management leadership and technology organization changes | = | |
| Underrepresentation of women in STEM talent pool and technology industry historically | = | |
| Preference shares and structuurregime limit ordinary shareholder control | = | |
| Risk of non-compliance despite proactive approach; investigation exposure | = | |
| ASML subject to global export control laws requiring compliance across all operating jurisdictions | = | |
| Subject to numerous conflicting regulatory frameworks globally | = | |
| Effective tax rate affected by R&D incentives, BEPS, Global Minimum Tax | = | |
| Exit tax on capital gains for substantial shareholders who emigrate | = | |
| Acquisition integration risks; goodwill impairment risk | = | |
| Governments prioritizing technological sovereignty and AI sovereignty driving capital expenditure but creating supply chain complexity | = | |
| Potential misuse of technology and associated societal impacts | = | |
| Execution risks on ERP migration program identified as critical focus area | = | |
| ASML: first mention in IR-Half half-year report of 2025-07-16 (2025-H1), source 14 | ||
| Highly dependent on continued operation of limited number of manufacturing facilities | 2026-H1 2026-07-15 21 | |
| Failure to adequately protect intellectual property could harm business | 2026-H1 2026-07-15 21 | |
| Restrictions on shipments under export controls; impact of tariffs and trade environment | 2026-H1 2026-07-15 21 | |
| Cybersecurity and security incidents could materially adversely affect business operations | 2026-H1 2026-07-15 21 | |
| ASML: first mention in FY2025, source 17 | ||
| Geopolitical challenges, notably tariffs, created uncertainty for some customers regarding equipment investments. | = | |
| ASML: first mention in FY2025, source 13 | ||
| Uncertain tax positions across multiple jurisdictions; settlement inconsistent with expectations could materially impact results | FY2025 2026-02-25 18 | |
| E-invoicing regulations implementation across multiple countries requiring system modifications | = | |
| Complex global supply chain solutions requiring careful customs compliance and duty management | = | |
| Steel, aluminum and upstream material tariffs impacting equipment and component costs | = | |
| Global trade tensions and tariff engineering scrutiny increasing customs enforcement complexity | = | |
| US intensified trade measures with increased import duties under Section 301 tariffs affecting supply chains | = | |
| Ongoing changes in US tax code provisions including FDDEI deduction guidance and CHIPS Act credits | = | |
| ESG-related tax developments and digitalization of tax administrations requiring continuous monitoring | = | |
| Pillar II global minimum tax implementation and compliance challenges amid evolving regulations | = | |
| Multiple jurisdictions conducting field visits and audits; final assessments pending for years 2022 onwards | = | |
| Transfer pricing compliance requirements and regular advance pricing agreement reviews across multiple jurisdictions | = | |
ASML Reported KPIs (as disclosed) (273)
NadirAlpha collects 273 reported KPIs of ASML from the filings up to Q2 2026; the definition comes from the company, period and source are stated at every value. NadirAlpha methodology
| KPI | Value / change | Source |
|---|---|---|
| ASML, published 2026-07-15, period 2026-Q2 | ||
| Used lithography systems sold | 5 | 23 |
| Share buyback amount (Q2) | €1.1 billion | 23 |
| New lithography systems sold | 86 | 23 |
| Interim dividend per ordinary share | €1.88 | 23 |
| Gross margin (Q2) | 54.0 | 23 |
| Gross margin | 53.0 | 23 |
| ASML, published 2026-07-15, period 2026-H1 | ||
| Used lithography systems sold (units) | 17 | 21 |
| R&D costs | 2.5 billion | 21 |
| New lithography systems sold (units) | 153 | 21 |
| Lithography systems sold (units) | 170 | 21 |
| Gross margin | 50.9% | 21 |
| Gross margin | 53.3% | 21 |
| ASML, published –, period 2026-Q2 | ||
| Sales of lithography systems (units) | 91 | 24 |
| Income from operations as a percentage of net sales | 37.1 % | 24 |
| Gross margin | 54.0 % | 24 |
| ASML, published 2026-04-15, period 2026-Q1 | ||
| Used lithography systems sold | 12 | 22 |
| SG&A costs expected | around €0.3 billion | 22 |
| R&D costs expected | around €1.2 billion | 22 |
| New lithography systems sold | 67 | 22 |
| Gross margin | 53.0% | 22 |
| ASML, published 2026-02-25, period FY2025 | ||
| Water total consumption | 508 | 18 |
| Water recycled/reused | 7 | 18 |
| Water intensity | 16 | 18 |
| Water in high-stress areas | 365 | 18 |
| Waste diverted from disposal: recycling | 0.0 | 18 |
| Waste diverted from disposal: preparation for reuse | 0.0 | 18 |
| Waste diverted from disposal: other recovery | 0.0 | 18 |
| Total non-hazardous waste | 27,713 | 18 |
| Total hazardous waste | 1,006 | 18 |
| High-risk suppliers agreed | 100% | 18 |
| Speak-up reports | 4% | 18 |
| Recordable work-related injuries | 76 | 18 |
| Recordable injury rate | 1.05 | 18 |
| RBA self-assessment completed | 90% | 18 |
| Radioactive waste: other disposal | 0.0 | 18 |
| Radioactive waste: landfill | 0.2 | 18 |
| Radioactive waste: incineration | 0.0 | 18 |
| Performance review eligible - total | 96% | 18 |
| Performance review eligible - other | 98% | 18 |
| Performance review completion - total | 95% | 18 |
| Performance review completion - other | 98% | 18 |
| Non-recycled waste (%) | 26.3% | 18 |
| Other worker fatalities - work-related | 0 | 18 |
| Non-recycled waste - preparation for reuse | 156 | 18 |
| Non-hazardous waste - wood | 3,401 | 18 |
| Non-hazardous waste - plastic | 1,153 | 18 |
| Non-hazardous waste - paper/cardboard | 1,341 | 18 |
| Non-hazardous waste - other disposal | 0 | 18 |
| Non-hazardous waste - other | 1,219 | 18 |
| Non-hazardous waste - organic | 298 | 18 |
| Non-hazardous waste - metals | 2,246 | 18 |
| Non-hazardous waste - landfill | 1,029 | 18 |
| Non-hazardous waste - incineration | 6,157 | 18 |
| Non-hazardous waste - glass | 13 | 18 |
| Non-hazardous waste - general waste | 4,138 | 18 |
| Non-hazardous waste - electronics | 443 | 18 |
| Non-hazardous waste - construction/demolition | 13,461 | 18 |
| Hazardous waste - other disposal | 0 | 18 |
| Hazardous waste - other | 77 | 18 |
| Hazardous waste - liquids | 816 | 18 |
| Hazardous waste - landfill | 6 | 18 |
| Hazardous waste - lamps | 1 | 18 |
| Hazardous waste - incineration | 200 | 18 |
| Hazardous waste - filters | 1 | 18 |
| Hazardous waste - empty packaging | 20 | 18 |
| Hazardous waste - cleaning wipes | 65 | 18 |
| Hazardous waste - batteries | 26 | 18 |
| Employees health & safety management system | 100% | 18 |
| Collective bargaining coverage | 62% | 18 |
| Average training hours - other | 4 | 18 |
| Annual total remuneration ratio | 53 | 18 |
| Wages and salaries | 5,460.2 | 18 |
| Total suppliers | 5,100 | 18 |
| Total purchases from Carl Zeiss SMT | 4,406.9 | 18 |
| System sales in units | 535 | 18 |
| Social security expenses | 516.6 | 18 |
| Share-based payments | 202.3 | 18 |
| Scope 3 emissions avoided - transport materials | 9 kt | 18 |
| Scope 3 emissions avoided - metrology inspection | 0.1 kt | 18 |
| Scope 3 emissions avoided - inbound modules | 2 kt | 18 |
| Scope 3 emissions avoided - DUV air to ocean | 3 kt | 18 |
| STI bonus expenses | 958.3 | 18 |
| SAF worth used for air freight | €1.2 million | 18 |
| SAF contributed | €0.4 million | 18 |
| Reuse rate of parts returned from field and factory | 90% | 18 |
| Returned to shareholders | 8.5 billion | 18 |
| Remaining performance obligations | 46.5 billion | 18 |
| Personnel expenses | 6,612.8 | 18 |
| Number of leased ocean containers increased | 63 | 18 |
| Net scope 3 CO2 emissions | 11.5 Mt | 18 |
| Net scope 1 and 2 CO2 emissions | 0 kt | 18 |
| Nationalities represented | 143 | 18 |
| Investment in Carl Zeiss SMT Holding GmbH & Co. KG (24.9%) | 822.6 | 18 |
| Internal pay ratio (CEO versus employee remuneration based on US GAAP) | 46 | 18 |
| Internal pay ratio (CEO versus employee remuneration based on EU-IFRS) | 46 | 18 |
| Increased yearly expenditure for ocean containers | €1.0 million | 18 |
| Grievances substantiated | 15 | 18 |
| Grievances received about human rights concerns | 111 | 18 |
| Customer satisfaction survey score | 88% | 18 |
| CO2e reduction sustainable aviation fuel | 6 kt | 18 |
| Backlog | 38.8 billion | 18 |
| Average remuneration per FTE based on US GAAP | 153 | 18 |
| Average remuneration per FTE based on EU-IFRS | 153 | 18 |
| Advance payments to Carl Zeiss SMT GmbH | 1,191.9 | 18 |
| ASML, published 2026-01-28, period 2025-Q4 | ||
| Net bookings | €13.2 billion | 15 |
| Gross margin | 52.2% | 15 |
| Gross margin | 51.6% | 15 |
| Gross margin | 52.8% | 15 |
| Gross margin | 51.3% | 15 |
| EUV bookings | €7.4 billion | 15 |
| Backlog end | €38.8 billion | 15 |
| ASML, published 2025-07-16, period 2025-H1 | ||
| Weighted average shares outstanding | 390.2 | 14 |
| Gross profit margin prior year | 50.3 | 14 |
| Gross profit margin | 53.3 | 14 |
| Effective tax rate | 17.5 | 14 |
| Diluted weighted average shares | 390.4 | 14 |
| ASML, published –, period FY2025 | ||
| R&D costs | €4,698.8 | 19 |
| Operating margin | 34.6% | 19 |
| Net margin | 29.4% | 19 |
| Lithography systems sold | 327 | 19 |
| Income taxes | €2,013 | 19 |
| Gross margin | 52.8% | 19 |
| EUV systems recognized | 48 | 19 |
| Effective tax rate | 17.7% | 19 |
| Weighted average shares | 393 | 17 |
| Wages and salaries | 5,460.2 | 19 |
| Wages and salaries | 5,001.2 | 19 |
| Wages and salaries | 4,447.0 | 19 |
| Total shareholders' equity | 19,612.2 | 19 |
| Total income tax expense | (2,013.4) | 19 |
| Total income tax expense | (1,680.6) | 19 |
| Total income tax expense | (1,435.8) | 19 |
| Total debt maturities | 4,459.3 | 19 |
| Total contractual obligations | 17.6 | 19 |
| Social security expenses | 516.6 | 19 |
| Social security expenses | 468.4 | 19 |
| Social security expenses | 410.5 | 19 |
| Short-term investments | 405.9 | 19 |
| Shares repurchased | 8,323,320 | 19 |
| Shares cancelled | 5,683,018 | 19 |
| Shareholders equity | 19,612.2 | 19 |
| Share repurchase amount | 5,950.0 | 19 |
| Share-based payments | 202.3 | 19 |
| Share-based payments | 172.6 | 19 |
| Share-based payments | 134.8 | 19 |
| SG&A costs percentage | 3.9% | 17 |
| SG&A costs | €1,257.8 million | 17 |
| Right-of-use assets | 341.0 | 19 |
| Remaining performance obligations | 46.5 billion | 19 |
| R&D costs percentage | 14.4% | 17 |
| R&D costs | €4,698.8 million | 17 |
| Property, plant & equipment, net | 7,893.8 | 19 |
| Principal amount outstanding | 3,750.0 | 19 |
| Personnel expenses | 6,612.8 | 19 |
| Personnel expenses | 6,037.4 | 19 |
| Personnel expenses | 5,341.2 | 19 |
| RPO recognized in next | 65% | 19 |
| PME coverage ratio | 125.3% | 19 |
| PME coverage ratio | 113.1% | 19 |
| Other non-current assets | 1,057.1 | 19 |
| Other current assets | 1,432.8 | 19 |
| Non-current lease liabilities | 190.6 | 19 |
| New share buyback program amount | 12 | 19 |
| Net income margin | 26.8% | 17 |
| Net deferred tax | 1,710.9 | 19 |
| Net deferred tax | 1,894.6 | 19 |
| Nationalities | 143 | 13 |
| Multi-employer union plan contribution | 437.0 | 19 |
| Locations around the world | >60 | 13 |
| Lithography systems recognized | 418 | 17 |
| Liability for unrecognized tax benefits | (160.8) | 19 |
| Liability for unrecognized tax benefits | (214.0) | 19 |
| Issued ordinary shares | 385,417,665 | 19 |
| Issued ordinary shares | 393,283,720 | 19 |
| Issued ordinary shares | 393,421,721 | 19 |
| Investments in money market funds | 6,222.2 | 19 |
| Income tax paid | €1,656m | 13 |
| Income from operations margin | 31.9% | 17 |
| Income before income taxes | 11,406.1 | 19 |
| Income before income taxes | 9,042.4 | 19 |
| Income before income taxes | 9,083.5 | 19 |
| Gross margin | 51.3% | 17 |
| Fair value interest rate swaps | (57.5) | 19 |
| Fair value interest rate swaps | (67.5) | 19 |
| Fair value Eurobonds | 3,590.8 | 19 |
| Equity investments | 1,320.7 | 19 |
| Effective tax rate | 17.7% | 19 |
| Effective tax rate | 18.6% | 19 |
| Effective tax rate | 15.8% | 19 |
| Effective tax rate | 18.6% | 17 |
| Effective tax rate | 17.7% | 13 |
| EUV systems recognized | 44 | 17 |
| ECP program size | 1.5 | 19 |
| Dividend per share | 7.50 | 19 |
| Deposits with financial institutions governments and government related bodies | 5,558.5 | 19 |
| Deferred tax liabilities non-current | (8.5) | 19 |
| Deferred tax liabilities non-current | (46.1) | 19 |
| Deferred tax assets non-current | 1,719.4 | 19 |
| Deferred tax assets non-current | 1,940.7 | 19 |
| Debt maturities thereafter | 507.3 | 19 |
| Debt maturities | 751.8 | 19 |
| Debt maturities | 751.8 | 19 |
| Debt maturities | 1.8 | 19 |
| Debt maturities | 751.8 | 19 |
| Debt maturities | 1,694.8 | 19 |
| Current lease liabilities | 60.8 | 19 |
| Committed credit facility | 1.5 | 19 |
| Carrying amount Eurobonds | 3,682.8 | 19 |
| Bank accounts | 1,135.3 | 19 |
| Amortized cost Eurobonds | 3,740.3 | 19 |
| Amortized cost Eurobonds | 4,736.9 | 19 |
| Accrued and other liabilities | 2,999.5 | 19 |
| ASML, published –, period 2026-Q1 | ||
| Sales of lithography systems | 79 (EUR in units) | 20 |
| Income taxes as % of pre-tax income | 17.1% | 20 |
| Income from operations as a percentage of net sales | 36.0% | 20 |
| ASML, published –, period 2025-Q4 | ||
| Sales of lithography systems | 102 (EUR in units) | 16 |
| Net bookings | 13,158 (EUR in millions €) | 16 |
| ASML, published –, period 2025-Q3 | ||
| Sales of lithography systems | 72 (EUR units) | 10 |
| Net bookings | 5,399 (EUR in millions €) | 10 |
| Income from operations as a percentage of net sales | 32.8 % | 10 |
| ASML, published –, period 2025-Q2 | ||
| Sales of lithography systems | 76 (EUR in units) | 9 |
| Net bookings | 5,541 (EUR in millions €) | 9 |
| Income taxes as % of pre-tax income | 18.1 % | 9 |
| Income from operations as a percentage of net sales | 34.6 % | 9 |
| ASML, published –, period 2025-Q1 | ||
| Sales of lithography systems | 77 (EUR in units) | 11 |
| Net bookings | 3,936 (EUR in millions €) | 11 |
| Income from operations as a percentage of net sales | 35.4 % | 11 |
| ASML, published –, period 2024-Q4 | ||
| Sales of lithography systems (in units) | 132 | 7 |
| Net bookings | 7,088 (EUR in millions €) | 7 |
| Income from operations as a percentage of net sales | 36.2% | 7 |
| ASML, published –, period 2024-Q3 | ||
| Value of booked systems | 2,633 (EUR in millions €) | 8 |
| Shareholders equity as percentage of total assets | 38.7 % | 8 |
| Sales of lithography systems | 116 (EUR units) | 8 |
| Net income as percentage of net sales | 27.8 % | 8 |
| Income taxes as percentage of income before income taxes | 18.1 % | 8 |
| Income from operations as percentage of net sales | 32.7 % | 8 |
| Gross profit as percentage of net sales | 50.8 % | 8 |
| ASML, published –, period 2024-Q2 | ||
| Value of booked systems | 5,567 (EUR in millions €) | 6 |
| Value of booked systems | 9,178 (EUR in millions €) | 6 |
| Sales of lithography systems | 100 | 6 |
| Sales of lithography systems | 170 | 6 |
| Income from operations as a percentage of net sales | 28.0 % | 6 |
| Income from operations as a percentage of net sales | 32.7 % | 6 |
| ASML, published –, period 2024-Q1 | ||
| Value of booked systems | 3,611 (EUR in millions €) | 5 |
| Sales of lithography systems (in units) | 70 | 5 |
| Income taxes as % of pre-tax income | 15.8 % | 5 |
| Income from operations as a percentage of net sales | 26.3 % | 5 |
| ASML, published –, period 2023-Q4 | ||
| Value of booked systems | 9,186 (EUR in millions €) | 4 |
| Sales of lithography systems (units) | 124 | 4 |
| Income taxes as % of pre-tax income | 16.1 % | 4 |
| Income from operations as a percentage of net sales | 33.1 % | 4 |
| ASML, published –, period 2023-Q3 | ||
| Value of booked systems | 2,602 (EUR in millions €) | 3 |
| Sales of lithography systems | 112 (EUR units) | 3 |
| Income taxes as % of pre-tax income | 15.7 % | 3 |
| Income from operations as a percentage of net sales | 32.7 % | 3 |
| ASML, published –, period 2023-Q2 | ||
| Value of booked systems | 4,500 (EUR in millions €) | 2 |
| Value of booked systems | 8,252 (EUR in millions €) | 2 |
| Shareholders equity to assets | 28.7 | 2 |
| Shareholders equity to assets | 28.7 | 2 |
| Operating margin | 32.8 | 2 |
| Operating margin | 32.7 | 2 |
| Net margin | 28.1 | 2 |
| Net margin | 28.6 | 2 |
| Lithography systems sold units | 113 | 2 |
| Lithography systems sold units | 213 | 2 |
| Gross profit margin | 51.3 | 2 |
| Gross profit margin | 51.0 | 2 |
| Effective tax rate | 17.7 | 2 |
| Effective tax rate | 15.7 | 2 |
| ASML, published –, period 2023-Q1 | ||
| Value of booked systems | 3,752 (EUR in millions €) | 1 |
| Sales of lithography systems (in units) | 100 | 1 |
| Income taxes as % of pre-tax income | 13.6 % | 1 |
| Income from operations as a percentage of net sales | 32.7 % | 1 |
ASML Development
How ASML has developed since 2023: one paragraph per period on revenue, earnings, cash flow and drivers, most recent period first, grouped by year. NadirAlpha methodology
FY2026: ASML
ASML generated total net sales of EUR 8,766.9 million in Q1 2026 and EUR 9,326.5 million in Q2 2026, with both quarters meeting or exceeding guidance as demand was driven by higher volumes of EXE and NXE systems and growing installed base management revenues 22 23. Net income reached EUR 2,756.7 million in Q1 and EUR 2,917.6 million in Q2, with gross margins of 53.0% and 54.0% respectively 22 24. Demand was supported by ongoing AI-related infrastructure investments and customer capacity expansion plans across the semiconductor industry 22. ASML raised its full-year 2026 net sales guidance twice in the first half of the year, first to €36-40 billion in April and then to €43-45 billion in July, with the second revision also lifting the gross margin outlook to 54-56% 22 23. In January 2026, ASML announced a new share buyback program of up to €12 billion to be executed through 2028, with approximately €2.1 billion completed by end of June 2026 21.
FY2025: ASML
ASML Holding N.V. reported full-year 2025 total net sales of EUR 32,667.3 million, a 15.6% increase from EUR 28,262.9 million in 2024, driven by a 12.4% rise in net system sales and a 26.2% increase in net service and field option sales 116 17. Gross margin improved to 52.8% from 51.3% in 2024, primarily reflecting a favorable NXE product mix and higher service and field option margins 18. Net income increased to EUR 9,609.4 million, representing 29.4% of total net sales, compared to EUR 7,571.6 million in 2024, with free cash flow rising to approximately EUR 11.0 billion from EUR 9.1 billion in 2024 17 19. In September 2025, ASML invested EUR 1.3 billion in Mistral AI's Series C funding round as lead investor, acquiring approximately 11.1% on a fully diluted basis 19. For 2026, ASML guided total net sales of EUR 34 billion to EUR 39 billion with a gross margin of 51% to 53%, and outlined a 2030 revenue opportunity of EUR 44 billion to EUR 60 billion with gross margin of 56% to 60% 15 17.
FY2024: ASML
ASML in FY 2024 recorded net sales of 28,262.9 million EUR and net income of 7,571.6 million EUR; full-year revenue was modestly higher than the 27,558.5 million EUR reported in 2023, while net income was lower compared with the prior-year figure of 7,839.0 million EUR 7. Results were heavily back-loaded, with quarterly net sales rising from 5,290 million EUR in the first quarter 111 to 9,262.8 million EUR in the fourth quarter 109. The first half of 2024 saw lower net sales and a lower operating margin than H1 2023, with lithography system unit sales of 170 in H1 2024 compared with 213 in H1 2023 6. Full-year operating income was 9,022.6 million EUR 17, and operating cash flow for the year reached 11,166.2 million EUR, with cash and cash equivalents ending the year at 12,735.9 million EUR 7.
FY2023: ASML
ASML reported full-year 2023 total net sales of 27,558.5 million EUR, up 30.2% from 2022, and full-year net income of 7,839 million EUR, up 39.4% from 2022 4. Full-year operating income was 9,511.9 million EUR, with diluted earnings per share of 20.59 119. The full-year gross profit margin improved to 51.3% from 50.5% in 2022 4. In the fourth quarter, ASML recorded net sales of 7,237 million EUR and net income of 2,048.1 million EUR 107. Full-year free cash flow was 4,380.6 million EUR, and cash and equivalents stood at 7,004.7 million EUR at year-end 119.
Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
Sources: quarterly reports, annual reports and investor relations documents
All original documents NadirAlpha used for this report on ASML stock: quarterly and annual reports, earnings releases and investor relations documents, sorted by publication, the document type is the link. NadirAlpha methodology
| # | Document type | Published |
|---|---|---|
| #1 / #101 | IR-Quarter quarterly report | – |
| #2 / #102 | IR-Quarter quarterly report | – |
| #3 / #103 | IR-Quarter quarterly report | – |
| #4 / #104 | IR-Quarter quarterly report | – |
| #5 / #105 | IR-Quarter quarterly report | – |
| #6 / #106 | IR-Quarter quarterly report | – |
| #7 / #107 | IR-Quarter quarterly report | – |
| #8 / #108 | IR-Quarter quarterly report | – |
| #9 / #109 | IR-Quarter quarterly report | – |
| #10 | IR-Quarter quarterly report | – |
| #11 / #111 | IR-Quarter quarterly report | – |
| #12 | IR-Report report | – |
| #13 | IR-Report report | – |
| #16 / #116 | IR-Quarter quarterly report | – |
| #17 | IR-Annual annual report | – |
| #18 | IR-Annual annual report | – |
| #19 / #119 | IR-Annual annual report | – |
| #20 / #120 | IR-Quarter quarterly report | – |
| #24 / #124 | IR-Quarter quarterly report | – |
| #14 / #114 | IR-Half half-year report | 2025-07-16 |
| #15 | IR-Quarter quarterly report | 2026-01-28 |
| #22 | IR-Quarter quarterly report | 2026-04-15 |
| #21 / #121 | IR-Half half-year report | 2026-07-15 |
| #23 | IR-Quarter quarterly report | 2026-07-15 |
ASML Stock FAQ
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including Revenue. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Which additional key figures does ASML report?
As reported for Q2 2026: Income from operations as a percentage of net sales, Gross margin, Used lithography systems sold, New lithography systems sold, Sales of lithography systems (units), Share buyback amount (Q2). The chapter Reported KPIs lists every value with its source. Revenue is broken down by NXE, Logic, Memory, ArF immersion.
Does ASML pay a dividend?
The filings report on the dividend; most recent entry: dividend per share €1.88 (2026-Q2) (as reported, no assessment of our own). Details with source links are in the report chapters.
Where can I find the official investor relations documents of ASML?
NadirAlpha links all 24 original filings used (IR documents) in the sources chapter: quarterly report, annual report, half-year report, each with type, publication date and a direct link; every figure in the report carries a source number.