In the fourth quarter of 2025, ASML achieved net bookings of €13.2 billion, more than double the €6.32 billion consensus forecast from Visible Alpha. This marks the company’s highest quarterly order intake on record, driven by €7.4 billion of extreme ultraviolet (EUV) system orders. Finance chief Roger Dassen attributed the surge to accelerated investments from leading chipmakers expanding AI-optimized capacity.

ASML closed 2025 with total net sales of €32.7 billion, up 16% from €28.3 billion in 2024, and delivered net income of €9.6 billion, compared to €7.6 billion a year earlier. Gross margin expanded to 52.8% for the full year, driven by higher sales of advanced lithography systems and services. The company ended the year with a backlog of €38.8 billion, providing robust revenue visibility into 2026.

For the first quarter of 2026, ASML projects net sales between €8.2 billion and €8.9 billion with a gross margin of 51%–53%. Full-year sales are forecast at €34 billion to €39 billion, with midpoint guidance above the €35.1 billion LSEG consensus. Management expects continued ramp of EUV system deliveries alongside growth in service and installed-base revenues to underpin margin expansion.

ASML has unveiled a new €12 billion share buyback program through December 31, 2028, complementing its proposal to increase the total 2025 dividend to €7.50 per share, a 17% year-over-year rise. In Q4 alone, the company repurchased €1.7 billion of shares under its prior buyback authorization, demonstrating confidence in long-term cash-flow generation and a commitment to return excess capital to investors.