NASDAQ$ASML
ASML Holding NV · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
ASML Q3 2025: €7.5B net sales and €2.1B net income; full-year sales growth ~15% guided
ASML reported Q3 2025 total net sales of €7.5 billion with a gross margin of 51.6% and net income of €2.1 billion, or €5.49 basic EPS. Net bookings were €5.4 billion including €3.6 billion in EUV systems. The company shipped 66 new and 6 used lithography systems in the quarter. ASML expects Q4 2025 total net sales of €9.2–€9.8 billion with gross margin of 51–53%, and full-year 2025 total net sales growth of around 15% versus 2024 with gross margin around 52%. Management stated it does not expect 2026 total net sales to be below 2025 levels. An interim dividend of €1.60 per share was declared payable November 6, 2025.
- Q3 total net sales of €7.5B and net income of €2.1B (€5.49 EPS) were in line with guidance; gross margin 51.6%.
- Net bookings of €5.4B included €3.6B in EUV; 66 new lithography systems sold in the quarter.
- Q4 guidance: total net sales €9.2–€9.8B with gross margin 51–53%; full-year 2025 sales growth ~15%.
- Shipped first TWINSCAN XT:260 i-line scanner for advanced packaging; EUV adoption gaining momentum including High NA.
- Interim dividend of €1.60 per share; ~€148M of shares repurchased in Q3 under the 2022–2025 buyback program.
Headline financials
Revenue & EPS history
ASML · Revenue · Quarterly
€7.52B
Revenue by segment
ASML · €7.7B total across 2 segments · Q1 2025
- Net system sales€5.7B—74.0%
- Installed Base Management€2B—26.0%
Forward guidance
ASML expects Q4 2025 total net sales of €9.2–€9.8B with gross margin of 51–53%; full-year 2025 total net sales growth of around 15% with gross margin around 52%. Management does not expect 2026 sales below 2025.
Tailwinds
- Continued positive momentum around AI-driven investments in leading-edge logic and advanced DRAM.
- EUV adoption gaining momentum; first advanced packaging scanner shipped.
- Very strong Q4 expected to drive full-year growth.
Headwinds
- China customer demand expected to decline significantly in 2026 versus strong 2024–2025 levels.
- Q3 gross margin of 51.6% below Q2's 53.7%.
- 2022–2025 €12B buyback program unlikely to complete in full by year-end.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
-0.0%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.2%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+11.7%
Q4 2023
Best reaction
-21.6%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -4.1% | +13.2% | |
| Q4 2025 | -2.2% | -5.0% | -13.0% | |
| Q3 2025 | +3.0% | +6.0% | +2.4% | |
| Q2 2025 | -8.3% | -12.6% | -9.8% | |
| Q1 2025 | -7.1% | -8.6% | +9.5% | |
| Q4 2024 | +4.3% | +7.0% | +3.8% | |
| Q3 2024 | -21.6% | -17.1% | -20.6% | |
| Q2 2024 | -13.5% | -11.9% | -14.0% | |
| Q1 2024 | -9.0% | -10.7% | -5.3% | |
| Q4 2023 | +11.7% | +13.4% | +19.9% | |
| Q3 2023 | -3.4% | -3.4% | +12.7% | |
| Q2 2023 | -10.7% | -9.6% | -13.4% | |
| Q1 2023 | -1.5% | -2.5% | +7.9% | |
| Q4 2022 | +2.1% | -2.9% | -7.7% | |
| Q3 2022 | +9.6% | +18.5% | +48.7% | |
| Q2 2022 | +8.8% | +8.1% | +9.4% | |
| Q1 2022 | +0.5% | -2.8% | -13.7% | |
| Q4 2021 | -1.2% | -3.9% | -9.4% | |
| Q3 2021 | -1.7% | -1.6% | +7.0% | |
| Q2 2021 | +6.7% | +10.2% | +15.2% | |
| Q1 2021 | +4.9% | +8.7% | +3.6% | |
| Q4 2020 | +3.9% | +3.3% | +8.2% | |
| Q3 2020 | -4.6% | -4.9% | +3.6% | |
| Q2 2020 | -2.9% | -1.3% | -6.5% | |
| Q1 2020 | +1.2% | +0.9% | +1.2% | |
| Q4 2019 | -1.4% | -4.7% | +2.5% | |
| Q3 2019 | -5.2% | -2.7% | +2.8% | |
| Q2 2019 | +10.6% | +11.1% | +3.8% | |
| Q1 2019 | +1.1% | +0.9% | -1.2% | |
| Q4 2018 | +5.9% | +9.2% | +15.9% | |
| Q3 2018 | -2.9% | -3.0% | -7.0% | |
| Q2 2018 | +5.3% | +8.0% | -3.4% | |
| Q1 2018 | -8.3% | -10.1% | -7.2% | |
| Q4 2017 | +9.1% | +10.3% | +3.1% | |
| Q3 2017 | -0.2% | +1.0% | +2.3% | |
| Q2 2017 | +7.4% | +7.3% | +6.3% | |
| Q1 2017 | -0.5% | +2.2% | +3.2% | |
| Q4 2016 | +5.1% | +5.4% | +9.5% | |
| Q3 2016 | +1.2% | +2.9% | +2.2% | |
| Q2 2016 | -0.1% | +0.8% | +1.0% | |
| Q1 2016 | -3.9% | — | — | |
| Q4 2015 | +8.8% | — | — | |
| Q3 2015 | +1.4% | — | — | |
| Q2 2015 | -2.6% | — | — | |
| Q1 2015 | -4.9% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | -2.9% | — | — | |
| Q2 2014 | +2.5% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | +1.4% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | +8.4% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | +1.5% | — | — | |
| Q1 2012 | +1.2% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | -7.1% | — | — | |
| Q2 2011 | +3.7% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q4 2008 | -6.4% | — | — | |
| Q4 2010 | -6.4% | — | — | |
| Q3 2010 | -1.9% | — | — | |
| Q2 2010 | +0.7% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q4 2009 | +2.7% | — | — | |
| Q4 2007 | +2.7% | — | — |
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