ASML (NASDAQ: ASML) Q1 2026 results and higher 2026 outlook
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
ASML Holding N.V. reported strong Q1 2026 results with total net sales of €8.8 billion, a gross margin of 53.0% and net income of €2.8 billion, equal to basic EPS of €7.15. Profitability improved, with net income representing 31.4% of sales.
For Q2 2026, ASML guides to net sales between €8.4 billion and €9.0 billion and a gross margin between 51% and 52%. For full year 2026, it now expects total net sales between €36 billion and €40 billion and a gross margin between 51% and 53%. ASML plans a total 2025 dividend of €7.50 per share, up 17% from 2024, and repurchased about €1.1 billion of shares in Q1 2026.
Positive
- Raised 2026 outlook and strong margins: ASML now expects 2026 total net sales between €36 billion and €40 billion with a gross margin between 51% and 53%, supported by Q1 2026 gross margin of 53.0% and net income margin of 31.4%.
- Materially higher shareholder returns: The company plans a 2025 total dividend of €7.50 per share, a 17% increase versus 2024, and repurchased around €1.1 billion of shares (about 0.9 million shares) in Q1 2026.
Negative
- Weak Q1 cash generation: Free cash flow in Q1 2026 was negative €2.6 billion and cash plus short-term investments fell from €13.3 billion at year-end 2025 to €8.4 billion, reflecting significant cash outflows from operations, investment and shareholder returns.
Insights
ASML posts strong Q1, raises 2026 outlook and cash returns.
ASML delivered Q1 2026 net sales of €8.8 billion and net income of €2.8 billion, with a robust gross margin of 53.0%. Operating margin reached 36.0%, showing solid cost control despite high R&D spending of about €1.2 billion.
Management now targets 2026 total net sales between €36 billion and €40 billion and a gross margin of 51–53%, framing 2026 as another growth year. Q2 2026 guidance for net sales of €8.4–9.0 billion and gross margin of 51–52% implies continued healthy demand.
Capital return is notable: ASML intends a €7.50 2025 dividend per share, a 17% increase versus 2024, and bought back roughly €1.1 billion of shares (about 0.9 million shares) in Q1 2026. Free cash flow of negative €2.6 billion and lower cash balances reflect heavy investment and payouts, so future liquidity trends will depend on cash generation in subsequent quarters.
Key Figures
Q1 2026 total net sales: €8.8 billion
Q1 2026 net income: €2.8 billion
Q1 2026 gross margin: 53.0%
+5 more
8 metrics
Q1 2026 total net sales
€8.8 billion
Q1 2026 net sales
Q1 2026 net income
€2.8 billion
Q1 2026 profitability
Q1 2026 gross margin
53.0%
Q1 2026 margin on sales
Q1 2026 basic EPS
€7.15
Earnings per share for Q1 2026
Q2 2026 sales guidance
€8.4–9.0 billion
Expected total net sales Q2 2026
FY 2026 sales outlook
€36–40 billion
Full-year 2026 total net sales guidance
2025 total dividend per share
€7.50
Planned 2025 dividend, 17% above 2024
Q1 2026 share buyback
€1.1 billion (0.9 million shares)
Repurchases under 2026–2028 program in Q1 2026
Key Terms
Installed Base Management, free cash flow, share buyback program, Annual General Meeting, +2 more
6 terms
Installed Base Management financial
"Installed Base Management equals our net service and field option sales."
free cash flow financial
"Free cash flow, which is a non-GAAP measure, is defined as net cash provided by (used in) operating activities minus purchases of Property, plant and equipment and intangible assets"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
Annual General Meeting regulatory
"this leads to a final dividend proposal to the Annual General Meeting of €2.70 per ordinary share"
EUV technical
"We expect an increased number of critical lithography exposures for advanced logic and memory processes and expectations with respect to EUV and DUV in 2026"
DUV technical
"expectations with respect to EUV and DUV in 2026"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
______________________
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For April 15, 2026
Commission File Number 001-33463
______________________
ASML Holding N.V.
De Run 6501
5504 DR Veldhoven
The Netherlands
(Address of principal executive offices)
______________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ¨
EXHIBITS 99.1 AND 99.3 TO THIS REPORT ON FORM 6-K ARE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-203390), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-219442), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-227464) AND THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-291580) OF ASML HOLDING N.V. AND IN THE OUTSTANDING PROSPECTUSES CONTAINED IN SUCH REGISTRATION STATEMENTS.
Exhibits 
99.1 “ASML reports €8.8 billion total net sales and €2.8 billion net income in Q1 2026. ASML now expects 2026 total net sales to be between €36 billion and €40 billion, with a gross margin between 51% and 53%", press release dated April 15, 2026
99.2 “ASML reports €8.8 billion total net sales and €2.8 billion net income in Q1 2026. ASML now expects 2026 total net sales to be between €36 billion and €40 billion, with a gross margin between 51% and 53%", presentation dated April 15, 2026
99.3 Summary US GAAP Consolidated Financial Statements
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ASML HOLDING N.V. (Registrant)
Date: April 15, 2026 By: /s/ Christophe D. Fouquet
Christophe D. Fouquet
Chief Executive Officer
Exhibit 99.1
ASML reports €8.8 billion total net sales and €2.8 billion net income in Q1 2026
ASML now expects 2026 total net sales to be between €36 billion and €40 billion, with a gross margin between 51% and 53%
VELDHOVEN, the Netherlands, April 15, 2026 – Today, ASML Holding NV (ASML) has published its 2026 first-quarter results.
•Q1 total net sales of €8.8 billion, gross margin of 53.0%, net income of €2.8 billion
•ASML expects Q2 2026 total net sales between €8.4 billion and €9.0 billion, and a gross margin between 51% and 52%
•ASML now expects 2026 total net sales to be between €36 billion and €40 billion, with a gross margin between 51% and 53%
| (Figures in millions of euros unless otherwise indicated) | Q4 2025 | Q1 2026 | |||||||||
Total net sales | 9,718 | 8,767 | |||||||||
...of which Installed Base Management sales1 | 2,134 | 2,488 | |||||||||
| New lithography systems sold (units) | 94 | 67 | |||||||||
| Used lithography systems sold (units) | 8 | 12 | |||||||||
| Gross profit | 5,068 | 4,645 | |||||||||
| Gross margin (%) | 52.2 | 53.0 | |||||||||
| Net income | 2,840 | 2,757 | |||||||||
| EPS (basic; in euros) | 7.35 | 7.15 | |||||||||
| End-quarter cash and cash equivalents and short-term investments | 13,322 | 8,376 | |||||||||
(1) Installed Base Management sales equals our net service and field option sales.
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 were €8.8 billion, within our guidance, and gross margin came in at 53.0%, at the high end of our guidance.
"The semiconductor industry's growth outlook continues to solidify, driven by ongoing AI-related infrastructure investments. Demand for chips is outpacing supply. In response, our customers are accelerating their capacity expansion plans for 2026 and beyond, supported by long-term agreements with their customers. In the past months, our customers have increased their expected short- and medium-term demand for our products. ASML's order intake continues to be very strong as a result, and we are closely aligned with our customers to support their demand in a combination of delivery of new systems and performance upgrades of their installed base. These business dynamics underpin our expectation that 2026 will be another growth year for all our businesses.
"We expect second-quarter 2026 total net sales between €8.4 billion and €9.0 billion, with a gross margin between 51% and 52%. We expect R&D costs of around €1.2 billion and SG&A costs of around €0.3 billion. Given the demand dynamics discussed above, we now expect total net sales for 2026 to be between €36 billion and €40 billion, with a gross margin between 51% and 53%. We expect that the bandwidth in our 2026 guidance accommodates potential outcomes of ongoing discussions around export controls," said ASML President and Chief Executive Officer Christophe Fouquet.
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Update dividend and share buyback program
ASML intends to declare a total dividend for the year 2025 of €7.50 per ordinary share, which is a 17% increase compared to 2024.
Recognizing the three interim dividends of €1.60 per ordinary share paid in 2025 and 2026, this leads to a final dividend proposal to the Annual General Meeting of €2.70 per ordinary share.
In the first quarter, we purchased around €1.1 billion worth of shares under the 2026–2028 share buyback program.
Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML's website (www.asml.com/investors).
Media Relations contacts | Investor Relations contacts | ||||
| Monique Mols +31 6 5284 4418 | Jim Kavanagh +31 40 268 3938 | ||||
Sarah de Crescenzo +1 925 899 8985 | Pete Convertito +1 203 919 1714 | ||||
Karen Lo +886 9 397 88635 | Peter Cheang +886 3 659 6771 | ||||
Quarterly video interview and investor call
With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2026 first-quarter results and outlook for 2026. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.
An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on April 15, 2026 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.
About ASML
ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.
US GAAP Financial Reporting
ASML's primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly US GAAP Consolidated Statements of Operations, Consolidated Statements of Cash Flows and Consolidated Balance Sheets are available on www.asml.com.
The Consolidated Balance Sheets of ASML Holding N.V. as of March 29, 2026, the related Consolidated Statements of Operations and Consolidated Statements of Cash Flows for the quarter ended March 29, 2026, as presented in this press release, are unaudited.
Regulated information
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
2
Forward Looking Statements
This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including expected trends in the semiconductor industry and end markets, business dynamics and business environment trends, expected growth in the semiconductor industry by 2030, the expected impact of AI demand on our customers and our business, our expectation that lithography will remain at the heart of customer innovation, expected increase in critical lithography exposures, plans to increase capacity and output and expected capacity and productivity, our product portfolio, technological developments and expected performance of systems and expected shipment of new models and performance targets, customer supply and demand trends, orders and order momentum, outlook of market segments and geographies, outlook and expected financial results including outlook and expected results for Q2 2026, including net sales, IBM sales, gross margin, R&D costs, SG&A costs, outlook and expectations with respect to full year 2026 including expected full year 2026 total net sales and growth, gross margin, annualized effective tax rate and expected increase in IBM sales, expectations with respect to EUV and DUV in 2026, statements made at our 2024 Investor Day, including revenue and gross margin model and opportunity for 2030, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks and statements with respect to dividends including the final 2025 dividend, expected performance and capabilities of our systems and product roadmaps, customer outlook and plans including customer roadmaps, capital expenditures and capacity expansion plans, ESG strategy and commitments and other non-historical statements. You can generally identify these statements by the use of words like “may”, “expect”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “guide”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity”, “commitment” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and industry and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the macroeconomic and geopolitical environment on the semiconductor industry, semiconductor market conditions, the impact of AI on our industry and business and semiconductor demand and demand for our tools, the impact of inflation, interest rates, exchange rate fluctuations, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new technologies, products and models, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in orders and our ability to convert orders into sales and risks relating to the realization of our backlog, the risk of order cancellations, delays or push outs and restrictions on shipments of systems, including ordered systems, under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, the impact of the tariff announcements, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and commitments and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2025 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.
3
ASML 2026 first-quarter results Veldhoven, the Netherlands April 15, 2026 ASML reports €8.8 billion total net sales and €2.8 billion net income in Q1 2026 ASML now expects 2026 total net sales to be between €36 billion and €40 billion, with a gross margin between 51% and 53% Exhibit 99.2
Page 2April 15, 2026 Public • Investor key messages • Business summary • Outlook • Financial statements Agenda
Page 3April 15, 2026 Investor key messages
Page 4April 15, 2026 Public Investor key messages1 • The semiconductor industry remains strong, driven by artificial intelligence adoption across an expanding applications space • The industry will require major innovations to address AI power consumption and cost challenges • Our customers remain at the core of our strategy and we believe that lithography will remain at the heart of their innovation. We anticipate that an increased number of critical lithography exposures for advanced logic and memory processes will be required • Our flexible and versatile portfolio is well positioned to address all customer needs as we extend holistic lithography to support 3D integration, improve DUV and EUV performance and cost effectiveness, and scale EUV technology well into the next decade • Based on different market and lithography intensity scenarios, as presented during our Investor Day in November 2024, we see an opportunity to achieve 2030 annual revenue between approximately €44 billion and €60 billion, with a gross margin between approximately 56% and 60% • ASML values the strong industry partnerships which are critical to our success and our collective commitment to a leadership position in ESG • We expect to continue to return significant amounts of cash to our shareholders through growing dividends and share buybacks 1 Investor key messages as presented during our Investor Day in November 2024
Page 5April 15, 2026 Business summary
Page 6April 15, 2026 Public 1 Installed Base Management equals our net service and field option sales. 2 Income from operations as a percentage of total net sales. Q1 results summary Numbers have been rounded for readers' convenience. Q1 2026 Total net sales €8.8 billion Net system sales €6.3 billion Installed Base Management1 sales €2.5 billion Gross margin 53.0% Operating margin2 36.0% Net income as a percentage of total net sales 31.4% Earnings per share (basic) €7.15
Page 7April 15, 2026 Public NXE:3800E PEP1-E released Provides throughput increase from 220 WpH to 230 WpH at similar overlay performance 1 PEP: Productivity Enhancement Package
Page 8April 15, 2026 Public EUV product roadmap enabling affordable scaling As presented at SPIE, February 2026
Page 9April 15, 2026 Public Net system sales breakdown (quarterly) Q1’26 Net system sales €6.3 billion Q4’25 Net system sales €7.6 billion
Page 10April 15, 2026 Public Logic Memory Installed Base Management1 1 Installed Base Management equals our net service and field option sales. Total net sales by End-use through Q1
Page 11April 15, 2026 Public • ASML intends to declare a total dividend for the year 2025 of €7.50 per ordinary share • Recognizing the three interim dividends of €1.60 per ordinary share paid in 2025 and 2026, this leads to a final dividend proposal to the Annual General Meeting of €2.70 per ordinary share • In Q1 2026 we purchased around 0.9 million shares for a total amount of around €1.1 billion Cash return to shareholders Share buyback Dividend paid Third interim and final dividend for a year are paid in the subsequent year Total dividend Interim dividend (paid) Proposal final dividend through Q1
Page 12April 15, 2026 Outlook
Page 13April 15, 2026 Public Outlook Q2 2026 Total net sales between €8.4 billion and €9.0 billion of which Installed Base Management1 sales around €2.5 billion Gross margin between 51% and 52% R&D costs around €1.2 billion SG&A costs around €0.3 billion FY 2026 Total net sales between €36 billion and €40 billion Gross margin between 51% and 53% Annualized effective tax rate around 17% 1 Installed Base Management equals our net service and field option sales.
Page 14April 15, 2026 Financial statements
Page 15April 15, 2026 Public Consolidated statements of operations Quarter on quarter (in millions €, except otherwise indicated) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Total net sales 7,742 7,692 7,516 9,718 8,767 Gross profit 4,180 4,130 3,880 5,068 4,645 Gross margin % 54.0 53.7 51.6 52.2 53.0 R&D costs (1,161) (1,167) (1,109) (1,262) (1,185) SG&A costs (281) (299) (303) (375) (302) Income from operations 2,738 2,664 2,468 3,431 3,158 Operating income as a % of total net sales 35.4 34.6 32.8 35.3 36.0 Net income 2,355 2,290 2,125 2,840 2,757 Net income as a % of total net sales 30.4 29.8 28.3 29.2 31.4 Earnings per share (basic) € 6.00 5.90 5.49 7.35 7.15 Earnings per share (diluted) € 6.00 5.90 5.48 7.34 7.15 Lithography systems sold (units) 1 77 76 72 102 79 1 Lithography systems do not include metrology and inspection systems. These numbers have been prepared in accordance with US GAAP. Numbers have been rounded for readers' convenience.
Page 16April 15, 2026 Public Consolidated statements of cash flows Quarter on quarter (in millions €) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Cash and cash equivalents, beginning of period 12,736 9,098 7,243 5,126 12,916 Net cash provided by (used in) operating activities (59) 748 559 11,410 (2,186) Net cash provided by (used in) investing activities (416) (428) (1,928) (1,006) (488) Net cash provided by (used in) financing activities (3,151) (2,164) (742) (2,613) (2,275) Effect of changes in exchange rates on cash (12) (11) (6) (1) 3 Net increase (decrease) in cash and cash equivalents (3,638) (1,855) (2,117) 7,790 (4,946) Cash and cash equivalents, end of period 9,098 7,243 5,126 12,916 7,970 Short-term investments 5 5 2 406 406 Cash and cash equivalents and short-term investments 9,103 7,248 5,128 13,322 8,376 Purchases of property, plant and equipment and intangible assets (417) (429) (315) (470) (422) Free cash flow 1 (476) 319 244 10,940 (2,608) 1 Free cash flow, which is a non-GAAP measure, is defined as net cash provided by (used in) operating activities minus purchases of Property, plant and equipment and intangible assets, see US GAAP Consolidated Financial Statements. These numbers have been prepared in accordance with US GAAP. Numbers have been rounded for readers' convenience.
Page 17April 15, 2026 Public Consolidated balance sheets Quarter end (in millions €) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Assets Cash & cash equivalents and short-term investments 9,103 7,248 5,128 13,322 8,376 Accounts receivable and finance receivables, net 5,132 5,703 6,030 3,649 5,232 Contract assets 407 275 367 441 544 Inventories, net 11,025 11,576 11,763 11,429 11,711 Loans receivable 1,461 1,463 1,876 1,920 1,994 Other assets 2,708 2,811 2,493 2,490 2,907 Tax assets 2,004 1,928 1,932 1,808 1,827 Equity investments — — 1,227 1,321 1,322 Equity method investments 939 1,029 1,109 823 936 Goodwill 4,589 4,589 4,589 4,589 4,589 Other intangible assets 592 566 556 540 532 Property, plant and equipment 7,153 7,296 7,681 7,894 7,770 Right-of-use assets 365 365 346 341 321 Total assets 45,479 44,849 45,097 50,567 48,061 Liabilities and shareholders' equity Current liabilities 18,124 18,616 19,225 24,264 20,288 Non-current liabilities 9,854 8,615 6,879 6,691 6,943 Shareholders' equity 17,501 17,618 18,993 19,612 20,830 Total liabilities and shareholders' equity 45,479 44,849 45,097 50,567 48,061 These numbers have been prepared in accordance with US GAAP. Numbers have been rounded for readers' convenience.
Page 18April 15, 2026 Public This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including expected trends in the semiconductor industry and end markets, business dynamics and business environment trends, expected growth in the semiconductor industry by 2030, the expected impact of AI demand on our customers and our business, our expectation that lithography will remain at the heart of customer innovation, expected increase in critical lithography exposures, plans to increase capacity and output and expected capacity and productivity, our product portfolio, technological developments and expected performance of systems and expected shipment of new models and performance targets, customer supply and demand trends, orders and order momentum, outlook of market segments and geographies, outlook and expected financial results including outlook and expected results for Q2 2026, including net sales, IBM sales, gross margin, R&D costs, SG&A costs, outlook and expectations with respect to full year 2026 including expected full year 2026 total net sales and growth, gross margin, annualized effective tax rate and expected increase in IBM sales, expectations with respect to EUV and DUV in 2026, statements made at our 2024 Investor Day, including revenue and gross margin model and opportunity for 2030, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks and statements with respect to dividends including the final 2025 dividend, expected performance and capabilities of our systems and product roadmaps, customer outlook and plans including customer roadmaps, capital expenditures and capacity expansion plans, ESG strategy and commitments and other non-historical statements. You can generally identify these statements by the use of words like “may”, “expect”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “guide”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity”, “commitment” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and industry and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the macroeconomic and geopolitical environment on the semiconductor industry, semiconductor market conditions, the impact of AI on our industry and business and semiconductor demand and demand for our tools, the impact of inflation, interest rates, exchange rate fluctuations, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new technologies, products and models, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in orders and our ability to convert orders into sales and risks relating to the realization of our backlog, the risk of order cancellations, delays or push outs and restrictions on shipments of systems, including ordered systems, under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, the impact of the tariff announcements, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and commitments and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2025 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law. Forward looking statements
Financial Statements US GAAP Q1 2026 Exhibit 99.3
ASML Financial Statements US GAAP Q1 2026 2 Summary US GAAP Consolidated Statements of Operations 3 Summary US GAAP Ratios and Other Data 4 Summary US GAAP Consolidated Balance Sheets 5 Summary US GAAP Consolidated Statements of Cash Flows 6 Quarterly Summary US GAAP Consolidated Statements of Operations 7 Quarterly Summary US GAAP Ratios and Other Data 8 Quarterly Summary US GAAP Consolidated Balance Sheets 9 Quarterly Summary US GAAP Consolidated Statements of Cash Flows 10 Notes to the Summary US GAAP Consolidated Financial Statements 11 Forward Looking Statements Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Contents
Three months ended Mar 30, Mar 29, (unaudited, in millions €, except per share data) 2025 2026 Net system sales 5,740.4 6,279.4 Net service and field option sales 2,001.1 2,487.5 Total net sales 7,741.5 8,766.9 Total cost of sales (3,561.8) (4,121.9) Gross profit 4,179.7 4,645.0 Research and development costs (1,161.1) (1,184.9) Selling, general and administrative costs (280.7) (302.3) Income from operations 2,737.9 3,157.8 Interest and other, net 49.2 40.9 Income before income taxes 2,787.1 3,198.7 Income tax expense (465.1) (546.6) Income after income taxes 2,322.0 2,652.1 Profit related to equity method investments 33.0 104.6 Net income 2,355.0 2,756.7 Basic net income per ordinary share 6.00 7.15 Diluted net income per ordinary share 6.00 7.15 Weighted average number of ordinary shares used in computing per share amounts (in millions): Basic 392.3 385.4 Diluted 392.5 385.7 Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 2 Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Summary US GAAP Consolidated Statements of Operations
Three months ended Mar 30, Mar 29, (unaudited, in millions €, except otherwise indicated) 2025 2026 Gross profit as a percentage of net sales 54.0 % 53.0 % Income from operations as a percentage of net sales 35.4 % 36.0 % Net income as a percentage of net sales 30.4 % 31.4 % Income taxes as a percentage of income before income taxes 16.7 % 17.1 % Shareholders’ equity as a percentage of total assets 38.5 % 43.3 % Sales of lithography systems (in units) 1 77 79 Number of payroll employees (in FTEs) 43,129 43,882 Number of temporary employees (in FTEs) 998 622 1. Lithography systems do not include metrology and inspection systems. Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 3 Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Summary US GAAP Ratios and Other Data
Dec 31, Mar 29, (unaudited, in millions €) 2025 2026 Assets Cash and cash equivalents 12,916.0 7,970.4 Short-term investments 405.9 405.9 Accounts receivable, net 3,023.0 4,402.9 Finance receivables, net 613.5 630.4 Current tax assets 88.9 65.2 Contract assets 440.6 543.7 Inventories, net 11,429.3 11,711.2 Loans receivable 266.1 267.8 Other assets 1,432.8 1,586.3 Total current assets 30,616.1 27,583.8 Finance receivables, net 13.3 198.2 Deferred tax assets 1,719.4 1,761.9 Loans receivable 1,653.9 1,725.9 Other assets 1,057.1 1,320.9 Equity investments 1,320.7 1,322.5 Equity method investments 822.6 935.9 Goodwill 4,588.6 4,588.6 Other intangible assets, net 540.1 532.1 Property, plant and equipment, net 7,893.8 7,770.0 Right-of-use assets 341.0 320.7 Total non-current assets 19,950.5 20,476.7 Total assets 50,566.6 48,060.5 Dec 31, Mar 29, (unaudited, in millions €) 2025 2026 Liabilities and shareholders’ equity Current liabilities 24,263.9 20,288.0 Total current liabilities 24,263.9 20,288.0 Long-term debt 2,709.0 2,705.6 Deferred and other tax liabilities 183.0 235.4 Contract liabilities 3,366.3 3,585.7 Accrued and other liabilities 432.2 416.3 Total non-current liabilities 6,690.5 6,943.0 Total liabilities 30,954.4 27,231.0 Total shareholders’ equity 19,612.2 20,829.5 Total liabilities and shareholders’ equity 50,566.6 48,060.5 Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 4 Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Summary US GAAP Consolidated Balance Sheets
Cash flows from operating activities Net income 2,355.0 2,756.7 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization 241.3 259.4 Impairment and loss (gain) on disposal 2.1 0.5 Share-based compensation expense 40.0 31.1 Inventory reserves 59.6 80.2 Deferred tax expense (benefit) 79.1 (42.1) Equity method investments (34.9) (113.3) Changes in assets and liabilities (2,800.8) (5,158.1) Net cash provided by (used in) operating activities (58.6) (2,185.6) Cash flows from investing activities Purchase of property, plant and equipment (415.0) (402.4) Purchase of intangible assets (1.5) (19.9) Purchase of equity investments — (1.8) Loans issued and other investments 0.8 (64.2) Repayment on loans — 0.7 Net cash provided by (used in) investing activities (415.7) (487.6) Three months ended Mar 30, Mar 29, (unaudited, in millions €) 2025 2026 Cash flows from financing activities Dividend paid (597.2) (617.0) Purchase of treasury shares (2,592.6) (1,000.0) Net proceeds from issuance of shares 38.0 35.0 Repayment of debt and finance lease obligations 0.4 (692.9) Net cash provided by (used in) financing activities (3,151.4) (2,274.9) Net cash flows (3,625.7) (4,948.1) Effect of changes in exchange rates on cash (11.8) 2.5 Net increase (decrease) in cash and cash equivalents (3,637.5) (4,945.6) Cash and cash equivalents at beginning of the period 12,735.9 12,916.0 Cash and cash equivalents at end of the period 9,098.4 7,970.4 Three months ended Mar 30, Mar 29, (unaudited, in millions €) 2025 2026 Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 5 Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Summary US GAAP Consolidated Statements of Cash Flows
Three months ended Mar 30, Jun 29, Sep 28, Dec 31, Mar 29, (unaudited, in millions €, except per share data) 2025 2025 2025 2025 2026 Net system sales 5,740.4 5,596.1 5,553.8 7,584.0 6,279.4 Net service and field option sales 2,001.1 2,095.6 1,962.2 2,134.1 2,487.5 Total net sales 7,741.5 7,691.7 7,516.0 9,718.1 8,766.9 Total cost of sales (3,561.8) (3,562.2) (3,635.7) (4,649.5) (4,121.9) Gross profit 4,179.7 4,129.5 3,880.3 5,068.6 4,645.0 Research and development costs (1,161.1) (1,166.7) (1,108.7) (1,262.3) (1,184.9) Selling, general and administrative costs (280.7) (298.7) (303.2) (375.2) (302.3) Income from operations 2,737.9 2,664.1 2,468.4 3,431.1 3,157.8 Interest and other, net 49.2 24.8 19.4 11.2 40.9 Income before income taxes 2,787.1 2,688.9 2,487.8 3,442.3 3,198.7 Benefit from (provision for) income taxes (465.1) (487.4) (442.2) (618.7) (546.6) Income after income taxes 2,322.0 2,201.5 2,045.6 2,823.6 2,652.1 Profit related to equity method investments 33.0 88.8 78.9 16.0 104.6 Net income 2,355.0 2,290.3 2,124.5 2,839.6 2,756.7 Basic net income per ordinary share 6.00 5.90 5.49 7.35 7.15 Diluted net income per ordinary share 6.00 5.90 5.48 7.34 7.15 Weighted average number of ordinary shares used in computing per share amounts (in millions): Basic 392.3 388.2 387.3 386.5 385.4 Diluted 392.5 388.4 387.6 387.0 385.7 Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 6 Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Quarterly Summary Consolidated Statements of Operations
Three months ended Mar 30, Jun 29, Sep 28, Dec 31, Mar 29, (unaudited, in millions €, except otherwise indicated) 2025 2025 2025 2025 2026 Gross profit as a percentage of net sales 54.0 % 53.7 % 51.6 % 52.2 % 53.0 % Income from operations as a percentage of net sales 35.4 % 34.6 % 32.8 % 35.3 % 36.0 % Net income as a percentage of net sales 30.4 % 29.8 % 28.3 % 29.2 % 31.4 % Income taxes as a percentage of income before income taxes 16.7 % 18.1 % 17.8 % 18.0 % 17.1 % Shareholders’ equity as a percentage of total assets 38.5 % 39.3 % 42.1 % 38.8 % 43.3 % Sales of lithography systems (in units) 1 77 76 72 102 79 Number of payroll employees (in FTEs) 43,129 43,193 43,461 43,520 43,882 Number of temporary employees (in FTEs) 998 870 789 689 622 1. Lithography systems do not include metrology and inspection systems. Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 7 Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Quarterly Summary US GAAP Ratios and Other Data
Mar 30, Jun 29, Sep 28, Dec 31, Mar 29, (unaudited, in millions €) 2025 2025 2025 2025 2026 Assets Cash and cash equivalents 9,098.4 7,243.5 5,126.5 12,916.0 7,970.4 Short-term investments 5.2 5.4 1.7 405.9 405.9 Accounts receivable, net 4,597.5 4,996.9 5,364.3 3,023.0 4,402.9 Finance receivables, net 381.7 531.1 666.2 613.5 630.4 Current tax assets 143.2 98.5 93.0 88.9 65.2 Contract assets 407.3 275.3 366.7 440.6 543.7 Inventories, net 11,024.7 11,575.8 11,762.8 11,429.3 11,711.2 Loans receivable 17.8 17.8 190.0 266.1 267.8 Other assets 1,848.6 1,966.2 1,575.1 1,432.8 1,586.3 Total current assets 27,524.4 26,710.5 25,146.3 30,616.1 27,583.8 Finance receivables, net 153.4 175.1 — 13.3 198.2 Deferred tax assets 1,861.0 1,830.4 1,838.6 1,719.4 1,761.9 Loans receivable 1,443.4 1,444.9 1,686.0 1,653.9 1,725.9 Other assets 859.2 843.7 918.5 1,057.1 1,320.9 Equity investments — — 1,226.9 1,320.7 1,322.5 Equity method investments 938.9 1,029.2 1,109.3 822.6 935.9 Goodwill 4,588.6 4,588.6 4,588.6 4,588.6 4,588.6 Other intangible assets, net 591.6 565.7 555.7 540.1 532.1 Property, plant and equipment, net 7,152.9 7,296.0 7,681.2 7,893.8 7,770.0 Right-of-use assets 365.4 365.0 346.0 341.0 320.7 Total non-current assets 17,954.4 18,138.6 19,950.8 19,950.5 20,476.7 Total assets 45,478.8 44,849.1 45,097.1 50,566.6 48,060.5 Mar 30, Jun 29, Sep 28, Dec 31, Mar 29, (unaudited, in millions €) 2025 2025 2025 2025 2026 Liabilities and shareholders’ equity Current liabilities 18,123.9 18,616.0 19,224.9 24,263.9 20,288.0 Total current liabilities 18,123.9 18,616.0 19,224.9 24,263.9 20,288.0 Long-term debt 3,681.0 3,698.9 2,704.7 2,709.0 2,705.6 Deferred and other tax liabilities 335.9 294.8 187.2 183.0 235.4 Contract liabilities 5,400.6 4,187.1 3,572.3 3,366.3 3,585.7 Accrued and other liabilities 436.7 434.1 414.5 432.2 416.3 Total non-current liabilities 9,854.2 8,614.9 6,878.7 6,690.5 6,943.0 Total liabilities 27,978.1 27,230.9 26,103.6 30,954.4 27,231.0 Total shareholders’ equity 17,500.7 17,618.2 18,993.5 19,612.2 20,829.5 Total liabilities and shareholders’ equity 45,478.8 44,849.1 45,097.1 50,566.6 48,060.5 Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 8 Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Quarterly Summary US GAAP Consolidated Balance Sheets
Cash flows from operating activities Net income 2,355.0 2,290.3 2,124.5 2,839.6 2,756.7 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization 241.3 254.9 274.6 255.2 259.4 Impairment and loss (gain) on disposal 2.1 16.5 3.1 28.0 0.5 Share-based compensation expense 40.0 49.0 57.7 55.6 31.1 Inventory reserves 59.6 99.7 138.6 171.5 80.2 Deferred tax expense (benefit) 79.1 38.1 (55.3) 118.8 (42.1) Equity method investments (34.9) (90.7) (80.8) 300.9 (113.3) Changes in assets and liabilities (2,800.8) (1,910.1) (1,903.3) 7,640.7 (5,158.1) Net cash provided by (used in) operating activities (58.6) 747.7 559.1 11,410.3 (2,185.6) Cash flows from investing activities Purchase of property, plant and equipment (415.0) (414.8) (295.9) (447.9) (402.4) Purchase of intangible assets (1.5) (14.1) (19.5) (22.5) (19.9) Purchase of short-term investments — — 3.5 (409.7) — Maturity of short-term investments — — — 5.3 — Purchase of equity investment — — (1,210.0) (92.2) (1.8) Loans issued and other investments 0.8 0.9 (405.9) (296.9) (64.2) Repayment on loans — — — 257.6 0.7 Net cash provided by (used in) investing activities (415.7) (428.0) (1,927.8) (1,006.3) (487.6) Three months ended Mar 30, Jun 29, Sep 28, Dec 31, Mar 29, (unaudited, in millions €) 2025 2025 2025 2025 2026 Cash flows from financing activities Dividend paid (597.2) (714.4) (619.6) (619.2) (617.0) Purchase of treasury shares (2,592.6) (1,485.2) (172.2) (1,700.0) (1,000.0) Net proceeds from issuance of shares 38.0 36.4 35.3 32.7 35.0 Net proceeds from issuance of borrowings — — 15.0 739.2 — Repayment of debt and finance lease obligations 0.4 (0.6) (0.5) (1,066.0) (692.9) Net cash provided by (used in) financing activities (3,151.4) (2,163.8) (742.0) (2,613.3) (2,274.9) Net cash flows (3,625.7) (1,844.1) (2,110.7) 7,790.7 (4,948.1) Effect of changes in exchange rates on cash (11.8) (10.8) (6.3) (1.2) 2.5 Net increase (decrease) in cash and cash equivalents (3,637.5) (1,854.9) (2,117.0) 7,789.5 (4,945.6) Cash and cash equivalents at beginning of the period 12,735.9 9,098.4 7,243.5 5,126.5 12,916.0 Cash and cash equivalents at end of the period 9,098.4 7,243.5 5,126.5 12,916.0 7,970.4 Three months ended Mar 30, Jun 29, Sep 28, Dec 31, Mar 29, (unaudited, in millions €) 2025 2025 2025 2025 2026 Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 9 Consolidated Statements of Operations Ratios and Other Data Consolidated Balance Sheets Consolidated Statements of Cash Flows Quarterly Summary US GAAP Consolidated Statements of Cash Flows
Basis of preparation The accompanying unaudited Summary Consolidated Financial Statements have been prepared in conformity with the accounting principles generally accepted in the United States of America ("US GAAP"). For further details on our annual disclosure requirements under US GAAP, including our significant accounting policies, these unaudited Summary Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes included within our 2025 Annual Report based on US GAAP, which is available on www.asml.com. Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 10 Notes to the Summary US GAAP Consolidated Financial Statements
This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including expected trends in the semiconductor industry and end markets, business dynamics and business environment trends, expected growth in the semiconductor industry by 2030, the expected impact of AI demand on our customers and our business, our expectation that lithography will remain at the heart of customer innovation, expected increase in critical lithography exposures, plans to increase capacity and output and expected capacity and productivity, our product portfolio, technological developments and expected performance of systems and expected shipment of new models and performance targets, customer supply and demand trends, orders and order momentum, outlook of market segments and geographies, outlook and expected financial results including outlook and expected results for Q2 2026, including net sales, IBM sales, gross margin, R&D costs, SG&A costs, outlook and expectations with respect to full year 2026 including expected full year 2026 total net sales and growth, gross margin, annualized effective tax rate and expected increase in IBM sales, expectations with respect to EUV and DUV in 2026, statements made at our 2024 Investor Day, including revenue and gross margin model and opportunity for 2030, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks and statements with respect to dividends including the final 2025 dividend, expected performance and capabilities of our systems and product roadmaps, customer outlook and plans including customer roadmaps, capital expenditures and capacity expansion plans, ESG strategy and commitments and other non-historical statements. You can generally identify these statements by the use of words like “may”, “expect”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “guide”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity”, “commitment” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and industry and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the macroeconomic and geopolitical environment on the semiconductor industry, semiconductor market conditions, the impact of AI on our industry and business and semiconductor demand and demand for our tools, the impact of inflation, interest rates, exchange rate fluctuations, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new technologies, products and models, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in orders and our ability to convert orders into sales and risks relating to the realization of our backlog, the risk of order cancellations, delays or push outs and restrictions on shipments of systems, including ordered systems, under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, the impact of the tariff announcements, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and commitments and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2025 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law. Summary US GAAP Quarterly Summary US GAAP Notes Forward Looking Statements ASML Financial statements US GAAP Q1 2026 11 Forward Looking Statements
FAQ
How did ASML (ASML) perform financially in Q1 2026?
ASML reported Q1 2026 total net sales of €8.8 billion and net income of €2.8 billion, with a 53.0% gross margin. Net income represented 31.4% of sales, and basic earnings per share were €7.15, indicating strong profitability.
What guidance did ASML (ASML) give for Q2 2026?
For Q2 2026, ASML expects total net sales between €8.4 billion and €9.0 billion. It also guides for a gross margin between 51% and 52%, with R&D costs around €1.2 billion and SG&A costs around €0.3 billion for the quarter.
What is ASML’s full-year 2026 outlook for sales and margins?
ASML now expects 2026 total net sales between €36 billion and €40 billion. The company forecasts a gross margin between 51% and 53% and an annualized effective tax rate of around 17%, reflecting confidence in sustained demand across its businesses.
What dividend is ASML planning for 2025 and how does it compare to 2024?
ASML intends to declare a total 2025 dividend of €7.50 per ordinary share, a 17% increase compared to 2024. After three interim dividends of €1.60 per share, the final dividend proposal to the AGM is €2.70 per share.
How much stock did ASML repurchase in Q1 2026 under its buyback program?
In Q1 2026, ASML purchased around 0.9 million shares for a total of about €1.1 billion under its 2026–2028 share buyback program. These repurchases form part of the company’s strategy to return significant cash to shareholders.
What were ASML’s key profitability ratios in Q1 2026?
In Q1 2026, ASML achieved a 53.0% gross margin, a 36.0% operating margin, and a 31.4% net income margin. These ratios highlight strong profitability on €8.8 billion of net sales, supported by high-value lithography systems and service revenues.
What was ASML’s free cash flow and cash position in Q1 2026?
ASML’s Q1 2026 free cash flow was negative €2.6 billion, calculated as operating cash flow minus capital investments. Cash and cash equivalents plus short-term investments totaled €8.4 billion at quarter-end, down from €13.3 billion at December 31, 2025.