Q3 GPM was 57.5%, topping guidance; FY revenue is guided to €44–45bn. However, the current 2027–2028 capacity plan still falls short of demand.
Q4 GPM is expected to ease to ~57% on ramp-up costs. Management is evaluating >30% capacity expansion for 2028, and price hikes will be fully reflected from 2028.
ASML released its Q3 2026 results (quarter ended Sep 2026) during U.S. pre-market hours on Oct 14 Beijing time, with key takeaways as follows.
Q4 2026 revenue guidance is €14.2–15.2bn, above the €14.0bn consensus. Service revenue is guided to ~€3.7bn (+70% YoY), and GAAP GPM is 57% (slightly above the 56.5% consensus)...
+9Below is Dolphin Research's recap of ASML's FY26 Q2 earnings call. For our earnings analysis, please see 'ASML: AI panic everywhere, is the shovel trade running hot?'.
I. $ASML(ASML.US) core takeaways recap. 1) Shareholder returns: In Q2, the company paid a 2025 final dividend of EUR 2.70/sh, plus three interim dividends already paid in 2025–2026...ASML released Q2 2026 results ahead of the U.S. open on Jul 15 (Beijing time). The quarter ended Jun 2026, with key points below: 1) Revenue & GPM.
a) Revenue was €9.3bn (+21% YoY), beating consensus (€8.9bn). Growth was driven by lithography system pull-ins from TSMC and Korean customers, and higher services revenue.
b) GPM was 54%. This was clearly above prior guidance (51–52%)...
Below is Dolphin Research's compiled Trans of ASML's 26Q1 earnings call; for our take, see 'ASML: With AI fever still high, is the lithography pullback just a head fake?'.
I. $ASML(ASML.US) Results Highlights1) Shareholder returns: In Q1, the company paid the third interim dividend for 2025 of EUR 1.60/share. It plans a total FY25 dividend of EUR 7.50/share (+17% YoY), implying a final dividend proposal of EUR 2.70/share.
In Q1, it also completed ~EUR 1.1bn of share buybacks...ASML released its Q1 2026 results (through Mar) before the U.S. market open on Apr. 15 (Beijing time). Key takeaways: 1) Revenue & GPM:
a) $ASML(ASML.US) reported revenue of €8.77bn (+13% YoY), in line with market expectations (€8.7bn). Growth was driven by EUV demand from Korean customers and higher service revenue.
b) GPM was 53%. That is the top end of the 51–53% guidance range...
Below is Dolphin Research's Trans of ASML's Q4 2025 earnings call. For our earnings analysis, please see 'ASML: Memory orders are booming, and the lithography supercycle is here!'.
1) $ASML(ASML.US) Key financials recap. Q4 2025: net sales of EUR 9.7bn, in line with guidance.Net system sales of EUR 7.6bn (EUV systems EUR 3.6bn, incl. two High-NA EUV; non-EUV EUR 4.0bn). Logic accounted for 70%...ASML released Q4 2025 results before the U.S. market open on Jan 28, 2026 (Beijing time). The quarter ended Dec 2025; key takeaways follow.
1) Revenue & GPM: Revenue was €9.72bn (+5% YoY), beating the Street (€9.56bn). Growth was primarily driven by stronger demand from Mainland China customers.GPM was 52.2%, in line with company guidance (51–53%). A higher mix of higher-priced EUV systems supported the margin.The following are the Minutes of ASML's Q3 2025 earnings call. For an interpretation of the financial report, please refer to "ASML: AI Capex Adds Buff, The Worst Period is Over!" 1. $ASML(ASML.US) Review of Core Financial Information 1. Shareholder Returns Dividends: The first interim dividend for 2025 has been paid, at EUR 1.60 per share. The second interim dividend, also EUR 1.60 per share, will be paid (Payment Date: November 6, 2025). Stock Repurchase: Approximately EUR 148 million worth of shares were repurchased in the third quarter...
ASML released its Q3 2025 financial report (up to September 2025) before the U.S. stock market opened on the afternoon of October 15, 2025, Beijing time. The key points are as follows: 1. Revenue & Gross Margin: a) $ASML(ASML.US) reported a revenue of 7.5 billion euros this quarter, a year-on-year increase of 0.7%, compared to the market expectation of 7.7 billion euros. The company's revenue this quarter mainly came from contributions by TSMC and customers in mainland China. b) The gross margin for this quarter was 51.6%, close to the upper end of the company's guidance range (50-52%), mainly due to an increase in the proportion of service-related revenue...
