Total Net Sales: €7.7 billion (flat QoQ, within guidance)
Gross Margin: 53.7% (above guidance, helped by upgrade business and one-offs)
Net Income: €2.3 billion
Earnings Per Share (EPS): €5.90
Net Bookings: €5.5 billion
Of which EUV: €2.3 billion
Lithography Systems Sold: 67 new, 9 used
🔹 Cash Flow & Capital Return
Free Cash Flow: €319 million
Share Buyback (Q2): ~€1.4 billion (≈2.3 million shares)
Interim Dividend: €1.60/share payable August 6, 2025
Cash & Short-Term Investments (End Q2): €7.25 billion
🔹 Business Developments
Shipped first TWINSCAN EXE:5200B system, advancing High-NA EUV adoption
Stronger lithography intensity in DRAM, supporting AI infrastructure growth
Continued emphasis on 3D front-end integration and scaling EUV for the long term
🔹 Outlook
Q3 2025 Guidance:
Net Sales: €7.4–€7.9 billion
Gross Margin: 50%–52%
R&D Spend: ~€1.2 billion
SG&A: ~€310 million
FY 2025 Guidance:
Revenue Growth (YoY): ~15%
Gross Margin: ~52%
Effective Tax Rate: ~17%
🔹 Strategic Insights
Semiconductor industry expected to exceed $1 trillion by 2030, driven by AI
ASML targets €44–€60 billion revenue by 2030 depending on litho intensity scenarios
Plans to maintain shareholder returns via rising dividends and share repurchases
ASML maintains a confident yet cautious outlook for the remainder of 2025:
Q3 2025 Guidance:
Revenue: Between €7.4 billion and €7.9 billion
Gross Margin: 50%–52%
R&D Costs: ~€1.2 billion
SG&A Costs: ~€310 million
Installed Base Management Sales: Around €2.0 billion
Full-Year 2025 Outlook:
Total Net Sales Growth: ~15% vs. 2024
Gross Margin: ~52%
Effective Tax Rate: ~17%
Management reiterated strong demand drivers, especially from AI-related applications, and noted continued momentum in EUV and High-NA adoption. However, macroeconomic and geopolitical uncertainties limit the company’s visibility beyond 2025, with cautious language around confirming growth in 2026.
“Looking at 2026, we see that our AI customers' fundamentals remain strong. At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments.”
— Christophe Fouquet, CEO
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Comments