ASML quarterly profit rises but warns of decline in China sales

ASML Holding NV on Wednesday reported a modest rise in third-quarter profit and reaffirmed its full-year outlook, as demand for advanced chipmaking tools offset a slowdown in sales to China.

The Veldhoven, Netherlands-based semiconductor manufacturer said net income increased 2.3% to EUR2.13 billion in the three months to September 30 from EUR2.08 billion a year earlier. Basic earnings per share rose to EUR5.49 from EUR5.28.

Total net sales edged up 0.7% year-on-year to EUR7.51 billion from EUR7.47 billion.

Quarterly net bookings came in at EUR5.4 billion, more than double the EUR2.63 billion recorded a year earlier.

ASML declared an interim dividend of EUR1.60 per share, up 5.3% from EUR1.52 a year earlier, payable on November 6.

While the firm warned that sales to China would "decline significantly" in 2026 from recent highs, it said it does not expect overall revenue next year to fall below 2025 levels.

ASML forecasts fourth-quarter net sales between EUR9.2 billion and EUR9.8 billion, with a gross margin of 51% to 53%. For the full year 2025, it expects total net sales to rise about 15% from 2024, with a gross margin of around 52%.

Chief Executive Officer Christophe Fouquet said: "Our third-quarter total net sales of EUR7.5 billion and gross margin of 51.6% were in line with our guidance, reflecting a good quarter for ASML."

Fouquet added that EUV adoption "continues to develop positively," including progress on High NA EUV.

The company said it shipped its first advanced packaging system, the TWINSCAN XT:260, and strengthened its AI partnership with Mistral AI to improve performance across its portfolio.