Today, ASML Holding NV (ASML) has published its 2025 second-quarter results.

• Q2 total net sales of €7.7 billion, gross margin of 53.7%, net income of €2.3 billion
• Quarterly net bookings in Q2 of €5.5 billion of which €2.3 billion is EUV
• ASML expects Q3 2025 total net sales between €7.4 billion and €7.9 billion, and a gross margin between 50% and 52%
• ASML expects a full-year 2025 total net sales increase of around 15% relative to 2024, with a gross margin of around 52%

CEO statement and outlook
"Our second-quarter total net sales came in at €7.7 billion, at the top end of our guidance. The gross margin was 53.7%, above guidance, primarily driven by higher upgrade business and one-offs resulting in lower costs. "We see continued progress in litho intensity, particularly in DRAM, and the introduction of the TWINSCAN NXE:3800E reinforces that momentum. Meanwhile, EUV adoption is advancing as planned, including High NA. This quarter, we shipped the first TWINSCAN EXE:5200B system. 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. Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage."