Slide 1: ASML reports €7.7 billion total net sales and €2.3 billion net income in Q2 2025
ASML reports €7.7 billion total net sales and €2.3 billion net income in Q2 2025 Full-year 2025 expected total net sales growth of around 15% with gross margin around 52% ASML 2025 Second-Quarter Veldhoven, the Netherlands July 16, 2025
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements July 16, 2025 Page 2 Public
Slide 3: Investor key messages
Investor key messages July 16, 2025 Page 3
Slide 4: Investor key messages
Investor key messages • The semiconductor industry remains strong, driven by artificial intelligence adoption across an expanding applications space and is expected to surpass $1 trillion in revenue by 2030 • The industry will require major innovations to address AI power consumption and cost challe
Slide 5: Business summary
Business summary July 16, 2025 Page 5
Slide 6: Q2 results summary
Q2 results summary Q2 2025 Total net sales €7.7 billion Net system sales €5.6 billion Installed Base Management1 sales €2.1 billion Gross Margin 53.7% Operating margin2 34.6% Net income as a percentage of total net sales 29.8% Earnings per share (basic) €5.90 Net bookings3 €5.5 billion of which EUV
Slide 7: Shipped 1st EXE:5200B system
Shipped 1st EXE:5200B system Driving cost of technology improvement by increased productivity at better overlay performance July 16, 2025 Page 7 Public
Slide 8: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Q2’25 Net system sales €5,596 million Q1’25 Net system sales €5,740 million July 16, 2025 Page 8 Public
Slide 9: Total net sales by End-use
Total net sales by End-use Installed Base Management1 Logic Memory through Q2 1 Installed Base Management equals our net service and field option sales. July 16, 2025 Page 9 Public
Slide 10: Net systems bookings activity by End-use (Quarterly)
Net systems bookings1 activity by End-use (Quarterly) Q2’25 net system bookings €5,541 million Q1’25 net system bookings €3,936 million 1 Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted. July 16, 2025 Page 10 Public
Slide 11: Cash return to shareholders
Cash return to shareholders • In Q2, ASML paid a final dividend of €1.84 per ordinary share. Together with the interim dividend paid in 2024 and 2025, this resulted in a total dividend for 2024 of €6.40 per ordinary share • The first quarterly interim dividend over 2025 will be €1.60 per ordinary sh
Slide 12: Outlook
Outlook July 16, 2025 Page 12
Slide 13: Outlook
Outlook Q3 2025 Total net sales between €7.4 billion and €7.9 billion of which Installed Base Management1 sales around €2.0 billion Gross margin between 50% and 52% R&D costs around €1.2 billion SG&A costs around €310 million FY 2025 Expected total net sales growth2 around 15% Gross margin around 52
Slide 14: Financial Statements
Financial Statements July 16, 2025 Page 14
Slide 15: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Total net sales 6,243 7,467 9,263 7,742 7,692 Gross profit 3,212 3,793 4,790 4,180 4,130 Gross margin % 51.5 50.8 51.7 54.0 53.7 R&D costs (1,101) (1,055) (1,116) (1,161) (1,167) SG&A costs (27
Slide 16: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cash and cash equivalents, beginning of period 5,101 4,814 4,979 12,736 9,098 Net cash provided by (used in) operating activities 924 950 9,545 (58) 748 Net cash provided by (used in) investing
Slide 17: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter End Assets Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cash & cash equivalents and short-term investments 5,019 4,985 12,741 9,104 7,249 Accounts receivable and finance receivables, net 5,517 6,171 4,877 5,132 5,703 Contract assets 435 554 321 407 275 Invent
Slide 18: Forward looking statements
Forward looking statements This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor
Slide 19: ASML
ASML