Shares of ASML (NASDAQ: ASML) fell 7% on Wednesday after the semiconductor equipment maker reported first-quarter 2025 results that met expectations on revenue and margin but included softer-than-anticipated bookings and a cautious near-term outlook.
Total net sales for the quarter reached €7.74 billion, broadly in line with company guidance and consensus estimates. Gross margin exceeded expectations at 54%, supported by a favorable product mix.
Net income reached €2.36 billion, with earnings per share of €6. However, net bookings for the quarter totaled €3.94 billion, falling 17% below the consensus forecast of €4.74 billion. Of the total, €1.2 billion was attributed to EUV system orders, covering both low and high numerical aperture models.
The cyclical nature of the semiconductor equipment industry was reflected in the quarter-over-quarter decline in sales and shipments. Total revenue dropped from €9.26 billion in Q4 2024, while system shipments decreased to 73 new units and 4 used systems, compared to 119 and 13, respectively, in the previous quarter.
ASML guided for Q2 2025 revenue between €7.2 billion and €7.7 billion. The midpoint of €7.45 billion fell short of consensus expectations of €7.8 billion. The company also projected a gross margin range of 50% to 53%, with the midpoint slightly below market forecasts.
Despite near-term softness, ASML (NASDAQ: ASML) reiterated its full-year 2025 guidance of €30 billion to €35 billion in net sales and a gross margin range of 51% to 53%, consistent with its previous outlook. Management also reaffirmed expectations for growth to resume in 2026.
Latest News on ASML Holding NV (ASML) Stock
David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
