In the fourth quarter of 2025, ASML achieved record net bookings of €13.2 billion, more than double consensus expectations. Systems orders driven by extreme ultraviolet (EUV) lithography accounted for €7.4 billion of this total, with 14 EUV units sold to leading memory and logic foundries. Service revenue grew at a more modest pace, contributing to year-over-year group revenue growth of 4.9%. As a result of the strong order intake, ASML’s backlog now exceeds one year of future planned shipments, providing visibility into production and revenue through late 2026 and underpinning management’s confidence in sustained equipment delivery momentum.

Management projects net sales for calendar year 2026 in the range of €34 billion to €39 billion, with gross margins expected to remain above 51%. While AI and advanced memory chip demand are primary growth drivers, the company flagged potential variability in near-term shipments due to localized power grid capacity constraints at certain customer sites. High-NA EUV, currently in R&D deployment, is expected to contribute to medium-term revenue upside once qualification at customer fabs is complete. ASML forecasts net income growth of at least 20% next year, reflecting operating leverage on its expanded systems installation base.

Alongside its technology roadmap, ASML announced a €12 billion share repurchase program through 2028, representing roughly 10% of its current market capitalization. The board also approved a 17% increase in the annual dividend to €7.50 per share for fiscal 2025. To support agility and cost discipline, the company plans to reduce its workforce by approximately 1,700 positions across the Netherlands and the United States over the next 12 months. These measures are designed to optimize the cost structure while preserving R&D spending at about 15% of revenue, ensuring continued investment in next-generation lithography platforms.