ASML reports €7.7 billion total net sales and €2.4 billion net income in Q1 2025
2025 total net sales expected to be between €30 billion and €35 billion
VELDHOVEN, the Netherlands, April 16, 2025 – Today, ASML Holding NV (ASML) has published its 2025 first-quarter
results.
• Q1 total net sales of €7.7 billion, gross margin of 54.0%, net income of €2.4 billion
• Quarterly net bookings in Q1 of €3.9 billion2 of which €1.2 billion is EUV
• ASML expects Q2 2025 total net sales between €7.2 billion and €7.7 billion, and a gross margin between 50% and
53%3
• ASML continues to expect 2025 total net sales to be between €30 billion and €35 billion, with a gross margin
between 51% and 53%

(Figures in millions of euros unless otherwise
indicated)
Q4 2024 Q1 2025
Total net sales 9,263 7,742
...of which Installed Base Management sales1 2,147 2,001
New lithography systems sold (units) 119 73
Used lithography systems sold (units) 13 4
Net bookings2 7,088 3,936
Gross profit 4,790 4,180
Gross margin (%) 51.7 54.0
Net income 2,693 2,355
EPS (basic; in euros) 6.85 6.00
End-quarter cash and cash equivalents and short-term
investments
12,741 9,104
(1) Installed Base Management sales equals our net service and field option sales.
(2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.
(3) The bandwidth for Q2 2025 gross margin guidance is larger than usual, given the uncertainty around the impact of tariffs.
Numbers have been rounded for readers' convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on
www.asml.com.
CEO statement and outlook
"Our first-quarter total net sales came in at €7.7 billion, in line with our guidance. The gross margin was 54.0%, above
guidance, driven by a favorable EUV product mix and the achievement of performance milestones. In the first quarter,
we shipped our fifth High NA system, and we now have these systems at three customers.
"Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years. However,
the recent tariff announcements have increased uncertainty in the macro environment and the situation will remain
dynamic for a while. As previously shared, artificial intelligence continues to be the primary growth driver in our industry.
It has created a shift in the market dynamics that benefits some customers more than others, contributing to both upside
potential and downside risks as reflected in our 2025 revenue range.
"We expect second-quarter total net sales between €7.2 billion and €7.7 billion, with a gross margin between 50% and
53%3
. We expect R&D costs of around €1.2 billion and SG&A costs of around €300 million. As we previously
communicated, we expect total net sales for the year between €30 billion and €35 billion, with a gross margin between
51% and 53%, subject to the uncertainties mentioned earlier," said ASML President and Chief Executive Officer
Christophe Fouquet. go for more to
https://ourbrand.asml.com/m/303a5535a607f9a0/original/Press-Release-Quarterly-Results-Q1-2025.pdf