VELDHOVEN, the Netherlands, April 14, 2010 - ASML Holding NV (ASML) today announces 2010 first quarter results according to US GAAP as follows:

Q1 2010 net sales of EUR 742 million versus Q4 2009 net sales of EUR 581 million (Q1 2009 net sales of EUR 184 million).

Q1 2010 net income of EUR 107 million, or 14.5 percent of net sales, versus a Q4 2009 net income of EUR 50 million or 8.7 percent of net sales (Q1 2009 net loss of EUR 117 million or 63.8 percent of net sales).

Q1 2010 net bookings valued at EUR 1,004 million with 50 systems including 33 new and 17 used systems, leading to an order backlog valued at EUR 2,170 million as of March 28, 2010.

“Our first quarter 2010 sales rose to above EUR 740 million and bookings came in at EUR 1 billion, in line with our expectations and adding confidence in a prolonged recovery of the semiconductor industry,” said Eric Meurice, President and Chief Executive Officer of ASML. “To enable our customers’ next technology nodes, we have now shipped nine NXT:1950is, our most advanced TWINSCAN™ dual stage scanner, having proven critical dimension (CD) imaging uniformity well below 1 nanometer (nm) and overlay of less than 2 nm, which is industry leading performance. By the end of the quarter we had 28 NXT:1950i systems in backlog and expect to ship 11 in Q2 2010. In parallel, we continue to make good progress with our next generation of optical lithography, Extreme Ultraviolet (EUV): we received our sixth order for our NXE:3100 pre-production system, confirming the appetite from all semiconductor segments for EUV as a production-robust, cost-effective shrink enabler for the future. The first NXE:3100s are scheduled to be shipped during the second half of 2010,” Meurice added.

Operations Update

In Q1 2010, ASML’s net sales of EUR 742 million included 23 new and 11 used systems, totaling net system sales of EUR 632 million, and net service and field options sales of EUR 110 million. Net system sales for Q4 2009 included the shipment of 19 new and 6 used machines, totaling EUR 432 million, and net service and field options sales of EUR 149 million.

The Q1 2010 average selling price for a new system was EUR 25.8 million, compared with the Q4 2009 average selling price for a new system of EUR 19.7 million. The Q1 2010 average selling price for all ASML systems sold was EUR 18.6 million, compared with the Q4 2009 average selling price of EUR 17.3 million.

Q1 2010 net bookings totaled 50 systems valued at EUR 1,004 million, including advanced immersion systems for critical layers as well as KrF systems for less critical layers mainly ordered by Foundry customers for capacity additions, with a total average selling price of EUR 20.1 million.

ASML’s order backlog as of March 28, 2010 was EUR 2,170 million, totaling 85 systems with an average selling price of EUR 25.5 million. ASML’s backlog as of December 31, 2009 was valued at EUR 1,853 million, totaling 69 systems with an average selling price of EUR 26.8 million.

In Q1 2010, ASML generated net income of EUR 107 million, or EUR 0.25 per ordinary share as compared with net income in Q4 2009 of EUR 50 million or EUR 0.12 per ordinary share.

The company’s Q1 2010 gross margin was 40.3 percent compared with the Q4 2009 gross margin of 38.0 percent.

Q1 2010 research and development (R&D) costs were EUR 120 million including credits, compared with Q4 2009 R&D costs of EUR 115 million including credits.

As anticipated, selling, general and administrative (SG&A) costs were EUR 41 million in Q1 2010, compared with SG&A costs of EUR 36 million in Q4 2009.

Net cash from operations was EUR 41 million in Q1 2010. ASML ended Q1 2010 with EUR 1,087 million in cash and cash equivalents, compared with EUR 1,037 million at the end of Q4 2009.

Outlook

“We booked EUR 1,004 million worth of systems in the first quarter of 2010 and expect a similar level of bookings in the second quarter, confirming the semiconductor industry executing on its upturn cycle,” Eric Meurice said. “We expect this cycle to be sustained by the normal technology transitions of the early adopters, the subsequent technology conversions by second tier DRAM makers, the next Flash memory upgrade cycle anticipated for the second half of 2010, as well as Foundry’s structural capacity build at advanced nodes. This puts ASML on a track to 2010 full year sales above our 2007 peak of EUR 3.8 billion; we calculate that the lithography systems sold in 2010 will add approximately 15 percent integrated circuit (IC) unit production capacity to the semiconductor market, conforming to the demand prediction of most industry analysts. This controlled capacity increase supports the possibility of sustained growth in 2011 if IC unit growth continues per the historical trend,” Meurice said.

ASML expects Q2 2010 net sales of around EUR 1 billion, EUR 50 million higher than guided at the publication of our Q4 2009 results, and gross margin in Q2 2010 of about 42 percent. R&D expenditures are expected to be at EUR 125 million including credits and SG&A costs are expected at EUR 42 million.

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