ASML.AS
Updated: 24/09/2026, 09:28:15
ASML Holding N.V. specializes in the design, manufacturing, sales, and servicing of cutting-edge semiconductor manufacturing equipment. Their product portfolio encompasses sophisticated lithography, metrology, and inspection systems, primarily catering to both memory and logic chip producers. Key offerings include state-of-the-art extreme ultraviolet (EUV) lithography and deep ultraviolet (DUV) lithography solutions, comprising both immersion and dry options, which support a wide array of semiconductor nodes and technologies. The company also provides advanced metrology and inspection tools, notably the YieldStar optical metrology system for assessing wafer pattern quality, and HMI e-beam solutions engineered to detect and scrutinize individual chip defects. Additionally, ASML offers computational lithography and software applications designed to refine the operational setup of their lithography systems. Their services extend to mature products, involving the reconditioning of pre-owned lithography equipment and providing related support services. With a global footprint, ASML conducts operations across numerous regions, including Japan, South Korea, Singapore, Taiwan, China, its home country the Netherlands, the broader European continent, the United States, and various other Asian markets. Founded in 1984, the firm, originally named ASM Lithography Holding N.V. until its renaming to ASML Holding N.V. in 2001, maintains its principal executive offices in Veldhoven, the Netherlands.
No summaries found.
Reported and calculated KPIs plus operational exposure disclosed in the FY 2025 filing.
Revenue
32.7B
FY 2025 · Reported
Net income
9.6B
FY 2025 · Reported
Gross margin
52.8%
FY 2025 · Calculated
Free cash flow
11.1B
FY 2025 · Calculated
R&D intensity
14.4%
FY 2025 · Calculated
Share repurchases
6.0B
FY 2025 · Reported
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
Map layer
Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.
Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.
Business model overview
Holistic lithography solutions provider spanning lithography, computational lithography, metrology and inspection
“As a leading provider of holistic lithography solutions, we deliver value throughout the semiconductor value chain.”
Service and field option sales growth
Net service and field option sales +26.2% YoY
“This growth was driven by a 12.4% increase in net system sales and a 26.2% increase in net service and field option sales compared to 2024.”
Logic vs Memory revenue drivers 2025
Logic +€2.9bn (leading-edge foundry, AI demand); Memory -€0.2bn in 2025
“In Logic, net sales increased by €2.9 billion, primarily driven by leading-edge foundry growth in support of strong AI demand”
Supplier base
5,100 total suppliers (2024: 5,150); 90% RBA self-assessment completed; 100% high-risk suppliers evaluated
“5,100 Total number of suppliers 2024: 5,150 90% Responsible Business Alliance (RBA) self-assessment completed”
AI-driven demand
AI drives demand for AI-related Memory and advanced Logic chips; HBM and DDR5 key growth drivers
“Market growth was mainly dominated by AI, which led to increased demand for AI-related Memory and specific advanced Logic chips.”
Capital structure and financing items
Equity €19.6bn; €1.0bn bond repaid Dec 2025; ECP net inflow €689.2m; buyback €5.9bn; dividend €7.50; €1,302.2m Mistral investment
“the repayment of an outstanding €1,000.0 million bond that was due on December 6, 2025”
2026 full-year outlook
2026: revenue €34–39bn, gross margin 51–53%, EUV revenue significantly higher, Memory significantly higher
“Looking to 2026, we expect full-year revenue between €34 billion and €39 billion and gross margin between 51% and 53%.”
Q1 2026 guidance
Q1 2026: net sales €8.2–8.9bn, gross margin 51–53%, R&D ~€1.2bn, SG&A ~€0.3bn
“•Total net sales between €8.2 billion and €8.9 billion •Gross margin between 51% and 53%”
Export controls and macro uncertainty
Export controls and technological sovereignty cause customer capex caution; ASML delivers non-advanced systems in compliance
“Macroeconomic uncertainty, caused by but not limited to technological sovereignty and export controls, continued to lead certain customers to remain cautious”
EUV scaling well into the next decade underpins 2030 opportunity; EXE (High NA) deliveries expanding; 2026 EUV revenue expected significantly higher.
“We expect that our ability to 1) scale our EUV technology well into the next decade, 2) extend holistic lithography into supporting 3D front end integration”
Export controls restricted sales of advanced systems and caused customer caution; ASML works with governments and delivers non-impacted non-advanced systems.
“in compliance with export control regulations, we have been working to deliver the non-advanced lithography systems not impacted by the new restrictions.”
AI end-demand drives advanced Logic and DRAM capacity investments and ASML's EUV sales and 2026 outlook.
“This outlook has strengthened significantly in the final months of 2025, mainly due to the anticipated increase and acceleration of capacity expansion plans by our advanced Logic and DRAM customers to meet the strong end-market demand driven by AI.”
Logic revenue growth (+€2.9bn) driven by leading-edge foundry building capacity for next nodes amid AI demand; 2026 Logic revenues expected to remain strong.
“primarily driven by leading-edge foundry growth in support of strong AI demand and our customers building capacity for their next nodes.”
5,100 suppliers are critical to value chain; capacity planning works with supply chain to support a multi-year ramp.
“We have been preparing for growth, and our capacity planning is continuing while we work with our supply chain to support a multi-year ramp.”
Memory investment in HBM and DDR5 for AI applications drives litho demand; 2026 Memory revenues expected significantly higher; DRAM EUV litho spending CAGR 15-25% (2025-2030).
“This momentum is fueled by investment in high-bandwidth memory and DDR5 to support AI-related applications, which remain a key growth driver in the Memory market.”
Recurring revenue growth (26.2% in 2025) driven by growing installed base and NXE field upgrades; expected growth in 2026 from growing EUV installed base.
“we expect another year of growth, primarily due to increasing service revenue from our growing EUV installed base and our customers’ plans for productivity upgrades.”
See which prediction-market events move ASML.AS, how its filings map to real-world exposure, and what 12 AI strategies are doing with positions like it.
Free forever to follow AlphaBrain’s AI strategies. No card required.
No news found for this symbol.
