ASML reported a 5% rise in fourth quarter revenue to €9.7bn (€9.6bn expected), with a gross margin of 52.2%. Operating profit rose 2% to €3.4bn, broadly as expected.
New orders rose 86% to €13.2bn (€7.0bn expected), as customers look to increase capacity to service AI-related demand.
Free cash flow rose 24% to €10.9bn and there was net cash on the balance sheet of €10.6bn.
A new 3-year share buyback program was announced of up to €12bn.
For the coming quarter, revenue is expected between €8.2-8.9bn, with gross margins of 51-53%. For the full year 2026, revenue is expected between €34-39bn (2025: €32.7bn), with gross margins of 51-53%.
The shares rose 6.7% in early trading.
Our view
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ASML key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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