ASML Holding NV (ASML) announced its second-quarter results for 2025 on July 16, 2025, reporting total net sales of €7.7 billion and a net income of €2.3 billion. The company’s CEO, Christophe Fouquet, highlighted the strong performance during the period.
Financial Highlights
For the second quarter, ASML’s gross margin was 53.7%, with a gross profit of €4.180 billion. Basic earnings per share (EPS) reached €6.00. Quarterly net bookings totaled €5.5 billion, of which €2.3 billion was EUV. Net sales specifically reached €7.742 billion.
Executive Commentary
CEO Christophe Fouquet stated that the total net sales were at the top end of the company’s guidance, with the gross margin exceeding expectations due to higher upgrade business and cost reductions. Fouquet also mentioned continued progress in litho intensity, particularly in DRAM, and the introduction of the TWINSCAN NXE:3800E. “Increasing uncertainty driven by macro-economic and geopolitical developments” was also mentioned.
Outlook
ASML projects Q3 2025 total net sales to be between €7.4 billion and €7.9 billion, with a gross margin between 50% and 52%. The company anticipates R&D costs of around €1.2 billion and SG&A costs of approximately €310 million for the third quarter of 2025. For the full year 2025, ASML expects a total net sales increase of approximately 15% relative to 2024, with a gross margin of about 52%. Fouquet indicated that they could not yet confirm growth in 2026.
Operational Updates
The first TWINSCAN EXE:5200B system was shipped this quarter. The company’s video interview and investor call, hosted by CEO Christophe Fouquet and CFO Roger Dassen, were held on July 16, 2025, at 15:00 Central European Time / 09:00 US Eastern Time. The company’s consolidated balance sheets, statements of operations, and statements of cash flows for the quarter and six-month period ended June 29, 2025, are unaudited.
