ASML Earnings: Bookings Surge, Lifts 2026 Guidance

ASML earnings released on Jan. 28, 2026, showed stronger-than-expected bookings and raised sales guidance for 2026, signaling sustained demand for its extreme-ultraviolet (EUV) lithography systems as chipmakers accelerate AI-related capacity investments globally this year.

Q4 Results and Bookings

For the quarter ended Dec. 31, 2025, ASML reported total net sales of €9.7 billion and a gross margin of 52.2%. Net income reached €2.8 billion, with basic earnings per share of €7.35. Operating margin was 35.3%, and net income accounted for 29.2% of total net sales.

Net bookings, representing new orders for the quarter, totaled €13.2 billion, a key figure the company highlighted in its investor presentation to frame its outlook.

2026 Guidance and Demand

ASML reported full-year 2025 net sales of €32.7 billion and net income of €9.6 billion. The company issued 2026 sales guidance of €34 billion to €39 billion, implying up to 19% growth from 2025. This outlook reflects management’s expectation that AI-driven chip demand will sustain capital spending.

ASML remains the sole supplier of EUV lithography systems used to produce advanced-node chips at the 7-nanometer, 5-nanometer, and 3-nanometer nodes. Chipmakers’ planned 2026 capital expenditures—TSMC $52–56 billion, Samsung about $40 billion, SK Hynix $22 billion, and Micron $20 billion—are expected to allocate roughly 25% to lithography equipment, primarily sourced from ASML. This concentration of spending helps explain the alignment between bookings and guidance.

Robust quarterly orders, strong margin performance, and concentrated chipmaker capital plans support ASML’s optimistic outlook and underscore its central role in the industry’s AI-driven capacity expansion.