ASML Closes 2025 with €32.7 Billion in Revenue and Raises 2026 Guidance
Dutch semiconductor equipment giant ASML recorded a record revenue of €32.7 billion in 2025, with a net profit of €9.6 billion. The company anticipates another growth year in 2026, with expected sales between €34 and €39 billion.
Record Financial Performance in 2025
ASML released its 2025 results on Wednesday, January 28, reporting a total net revenue of €32.7 billion with a gross margin of 52.8%. The fourth quarter proved particularly strong, achieving a record total net revenue of €9.7 billion, including recognized revenue for two High NA systems. The fourth quarter gross margin reached 52.2%, in line with the group's forecasts. According to CEO Christophe Fouquet, these record results reflect a positive evolution in the customer environment. In recent months, many of the group's clients have expressed a significantly more positive assessment of the market situation in the medium term, primarily based on more robust expectations regarding the sustainability of demand related to artificial intelligence. This improvement is reflected by a marked increase in clients' medium-term capacity plans and a record order book for ASML. The group expects 2026 to be another year of growth, largely supported by a significant increase in EUV sales and growth in its installation services sales business.
Financial Outlook for 2026
For the first quarter of 2026, ASML expects total net revenue between €8.2 and €8.9 billion, with a gross margin between 51% and 53%. The group anticipates research and development costs of about €1.2 billion and structural and general sales costs of about €0.3 billion. For the full year 2026, the group projects total net revenue between €34 and €39 billion, with a gross margin between 51% and 53%. ASML also announced an increase in its dividend for 2025, raising the total dividend to €7.50 per share, a 17% increase from 2024. An interim dividend of €1.60 per share will be paid on February 18, 2026. Taking into account this interim dividend and the two interim dividends of €1.60 per share paid in 2025, this leads to a final dividend proposal at the Annual General Meeting of €2.70 per share. Additionally, the group announced a new share buyback program of up to €12 billion, effective from today and to be executed before December 31, 2028. ASML expects that about 2 million shares will be used to cover employee share ownership plans, and proposes to cancel the remainder of the repurchased shares.
Focus on Engineering and Innovation
ASML has indicated its intention to strengthen its focus on engineering and innovation in critical business areas by streamlining its Technology and IT organizations.
