ASML’s Q4 Bookings Double as €320–400 Million EUV Machines Command 90% Market Share
ASML•ASML holds over 90% share of the lithography market as the sole provider of EUV machines priced at €320–400 million each, with Q4 2025 bookings more than doubling analyst expectations. Bank of America projects ASML will monopolize next-gen high-NA EUV lithography, reinforcing its barrier to rivals Nikon and Canon.
1. Robust Q4 Financial Performance
In the fourth quarter, ASML reported a 27% year-over-year increase in net income and achieved a 52.8% gross margin, driven by strong demand for its extreme ultraviolet (EUV) lithography systems. Overall revenues rose nearly 5% compared with the same period last year, as EUV-driven Systems sales more than offset weaker Services revenues and higher operating costs. Despite missing some analysts’ revenue forecasts, the company’s profitability metrics underscore the premium pricing and high utilization rates of its EUV platforms.
