The AI arms race increases demand, ASML's Q3 order amount of 5.4 billion euros exceeds expectations, with net sales of 7.52 billion euros | Financial Report Insights
ASML's order amount in the third quarter reached 5.4 billion euros, far exceeding the market expectation of 4.89 billion euros, demonstrating the strong demand for high-end chip manufacturing equipment driven by AI infrastructure investment. Looking ahead, ASML expects its net sales for the full year of 2025 to grow by approximately 15% year-on-year, with a gross margin maintained at around 52%, and sales in 2026 will not be lower than those in 2025
Chip equipment giant ASML's Q3 performance remained stable, with quarterly orders of €5.4 billion exceeding expectations, quarterly revenue of €7.52 billion, and net profit of €2.13 billion also surpassing expectations. The company's CEO Christophe Fouquet stated that AI investment continues to show positive momentum, which is extending to more customers, and it is expected that sales will grow by about 15% year-on-year in 2025, reaching approximately €32.5 billion, with sales in 2026 not expected to be lower than in 2025.
On the 15th local time, ASML announced its Q3 results:
Q3 revenue of €7.52 billion, market expectation of €7.71 billion;
Q3 net profit of €2.13 billion, market expectation of €2.08 billion;
Q3 orders of €5.4 billion, market expectation of €4.89 billion;
Expected net sales for Q4 are between €9.2 billion and €9.8 billion, with market expectation of €9.23 billion;
Expected Q4 gross margin will be between 51% and 53%;
Expected sales in 2025 will grow by about 15% year-on-year, reaching approximately €32.5 billion; sales in 2026 are not expected to be lower than in 2025.
After the financial report data was released, ASML's U.S. stock rose over 3% in pre-market trading.
AI-Driven Orders Remain Strong
Q3 core data shows that ASML's Q3 orders reached €5.4 billion, far exceeding the market expectation of €4.89 billion, demonstrating the strong pull of AI infrastructure investment on high-end chip manufacturing equipment. ASML is the only company in the world capable of mass-producing extreme ultraviolet lithography (EUV) machines, directly benefiting from the capital expenditure wave brought about by the AI computing power race.
Q3 net sales were €7.52 billion, slightly below the market expectation of €7.71 billion, but the gross margin reached 51.6%, higher than the expected 51.4%, and net profit of €2.13 billion also exceeded expectations.
Looking ahead, ASML expects its full-year net sales in 2025 to grow by about 15% year-on-year, with a gross margin maintained at around 52%, and sales in 2026 not expected to be lower than in 2025.
CEO Christophe Fouquet clearly stated that the positive momentum of AI-related investments is expanding to more customers, enhancing order visibility. ASML also plans to achieve annual revenue of €60 billion by 2030, more than doubling from 2023, and is expanding its project near its headquarters in the Netherlands, with the employee scale expected to double, demonstrating strong confidence in long-term demand.
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