Overview

• ASML reported third-quarter net sales of €7.5 billion and net profit of €2.125 billion, with net bookings of €5.4 billion that beat analyst expectations.
• Management guided fourth-quarter sales to €9.2–€9.8 billion and forecast about 15% full-year 2025 revenue growth with a gross margin near 52%.
• The company said total 2026 net sales should be at least in line with 2025 even as it expects China revenue to decline significantly next year.
• Leaders highlighted expanding AI-driven demand, accelerating EUV adoption, the first shipment of the TWINSCAN XT:260 advanced-packaging tool, and ongoing work to embed AI through a collaboration with Mistral AI.
• Shares rose roughly 3%–5% after the update as analysts pointed to resilient orders despite export-control headwinds, and the CFO characterized the China slowdown as a normalization rather than stockpiling.