ASML reported strong third-quarter 2025 results, driven by ongoing demand for chip making tools used in AI systems.
- Net bookings reached €5.40 billion, slightly above expectations.
- Net income came in at €2.12 billion, aligning with projections.
- Total net sales were €7.5 billion, with a gross margin of 51.6%.
The firm’s CEO, Christophe Fouquet, said ASML continues to ride momentum from AI-driven investments across logic and memory chip sectors.
However, ASML issued a more cautious warning about China. It expects a significant drop in Chinese demand in 2026 — a key concern since China accounted for nearly a third of tool sales this year.
Despite the China headwind, ASML projects flat or slightly higher total net sales in 2026. Its Q4 forecast calls for €9.2–€9.8 billion in sales and a margin between 51%–53%.
Analysts see the results as a mixed outcome: beat in the short term, but tempered by medium-term uncertainty in China. The report underscores how AI investment underpins demand, even in volatile macro conditions.
