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ASML

ASML Q2 2025 Earnings

Reported Jul 16, 2025 at 6:02 AM ET · SEC Source

Q2 25 EPS

$6.85

BEAT +30.74%

Est. $5.24

Q2 25 Revenue

$8.93B

BEAT +18.16%

Est. $7.56B

vs S&P Since Q2 25

+80.2%

BEATING MARKET

ASML +95.6% vs S&P +15.4%

Market Reaction

Did ASML Beat Earnings? Q2 2025 Results

ASML delivered a blowout second quarter, reporting earnings per share of $6.85 against a consensus estimate of $5.24, a 30.74% beat, while revenue of $8.93 billion topped the $7.56 billion estimate by 18.16% and grew 23.2% year over year. The standou… Read more ASML delivered a blowout second quarter, reporting earnings per share of $6.85 against a consensus estimate of $5.24, a 30.74% beat, while revenue of $8.93 billion topped the $7.56 billion estimate by 18.16% and grew 23.2% year over year. The standout driver was a gross margin of 53.7%, which exceeded guidance on the back of a stronger-than-expected upgrade business and one-off cost reductions, underscoring the premium economics embedded in ASML's installed base. Net bookings also impressed, surging to $6.44 billion in Q2 from $4.57 billion in Q1, signaling durable customer commitment to advanced lithography. Yet strong results were quickly overshadowed by CEO Christophe Fouquet's candid admission that the company "cannot confirm" growth in 2026 amid mounting macroeconomic and geopolitical uncertainty, sending shares sharply lower. For Q3 2025, ASML guided revenue of $8.60 billion to $9.18 billion, and the company maintained its full-year 2025 outlook for approximately 15% net sales growth with gross margin around 52%.

Key Takeaways

  • • Gross margin above guidance driven by higher upgrade business and one-off cost reductions
  • • Continued progress in litho intensity, particularly in DRAM
  • • Strong AI-driven semiconductor demand
  • • EUV adoption advancing as planned including High NA
  • • Net bookings increased significantly to €5.5 billion from €3.9 billion in Q1
24/7 Wall St

ASML YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

ASML Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Our second-quarter total net sales came in at €7.7 billion, at the top end of our guidance. The gross margin was 53.7%, above guidance, primarily driven by higher upgrade business and one-offs resulting in lower costs.”

— Christophe Fouquet, Q2 2025 Earnings Press Release

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