Slide 1: ASML 2025 Third-Quarter
ASML reports €7.5 billion total net sales and €2.1 billion net income in Q3 2025 Full-year 2025 expected total net sales growth of around 15% with gross margin around 52% ASML 2025 Third-Quarter Veldhoven, the Netherlands October 15, 2025
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements October 15, 2025 Page 2 Public
Slide 3: Investor key messages
Investor key messages October 15, 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 October 15, 2025 Page 5
Slide 6: Q3 results summary
Q3 results summary Q3 2025 Total net sales €7.5 billion Net system sales €5.6 billion Installed Base Management1 sales €2.0 billion Gross Margin 51.6% Operating margin2 32.8% Net income as a percentage of total net sales 28.3% Earnings per share (basic) €5.49 Net bookings3 €5.4 billion of which EUV
Slide 7: XT:260 shipped, 1st product serving Advanced Packaging
XT:260 shipped, 1st product serving Advanced Packaging Offering up to 4x productivity compared to existing solutions October 15, 2025 Page 7 Public
Slide 8: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Technology End-Use Region (ship to location) Sales in lithography ArF Dry 2% Japan 1% units KrF 3% Rest of Asia 3% I-line 1% Q3’25 Metrology & Memory USA 6% ArFi China 38 Net system sales 52% Inspection 4% 35% 42% €5,554 million South Korea 18% Logic 9 11 10 EU
Slide 9: Total net sales by End-use
Total net sales by End-use 30,000 28,263 27,559 Total Net Sales (€, in millions) 5,620 6,494 22,949 21,173 Installed Base 20,000 18,611 6,059 Management1 5,743 Logic 4,958 13,195 15,985 Memory 10,777 10,000 9,977 9,589 8,574 5,453 5,954 6,113 4,064 0 2021 2022 2023 2024 2025 through Q3 1 Installed B
Slide 10: Net systems bookings activity by End-use (Quarterly)
Net systems bookings1 activity by End-use (Quarterly) Q3’25 net system bookings Logic Memory 53% 47% €5,399 million Memory 16% Q2’25 net system bookings €5,541 million Logic 84% 1 Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have be
Slide 11: Cash return to shareholders
Cash return to shareholders • In Q3, ASML paid an interim dividend of €1.60 per ordinary share • The second quarterly interim dividend over 2025 will be €1.60 per ordinary share and will be made payable on November 6, 2025 • In Q3 2025 we purchased around 218 thousand shares for a total amount of ar
Slide 12: Outlook
Outlook October 15, 2025 Page 12
Slide 13: Outlook
Outlook Q4 2025 Total net sales between €9.2 billion and €9.8 billion of which Installed Base Management1 sales around €2.1 billion Gross margin between 51% and 53% R&D costs around €1.2 billion SG&A costs around €320 million FY 2025 Expected total net sales growth2 around 15% Gross margin around 52
Slide 14: Financial Statements
Financial Statements October 15, 2025 Page 14
Slide 15: Consolidated statements of operations
Consolidated statements of operations Quarter on Quarter (in millions €, except otherwise indicated) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Total net sales 7,467 9,263 7,742 7,692 7,516 Gross profit 3,793 4,790 4,180 4,130 3,880 Gross margin % 50.8 51.7 54.0 53.7 51.6 R&D costs (1,055) (1,116) (1,1
Slide 16: Consolidated statements of cash flows
Consolidated statements of cash flows Quarter on Quarter (in millions €) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Cash and cash equivalents, beginning of period 4,814 4,979 12,736 9,098 7,243 Net cash provided by (used in) operating activities 950 9,545 (58) 748 559 Net cash provided by (used in) inv
Slide 17: Consolidated balance sheets
Consolidated balance sheets Quarter End (in millions €) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Assets Cash & cash equivalents and short-term investments 4,985 12,741 9,104 7,249 5,128 Accounts receivable and finance receivables, net 6,171 4,877 5,132 5,703 6,030 Contract assets 554 321 407 275 367
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