Financial Data and Key Metrics Changes - Net sales for Q2 2020 reached €3.3 billion, reflecting a growth of over 35% compared to Q1 2020 [11] - Gross margin improved to 48.2%, a significant increase from Q1, primarily due to a favorable Deep UV mix and improved EUV installed base gross margin [13] - Net income for Q2 was €751 million, representing 22.6% of net sales, resulting in an EPS of €1.79 [14] Business Line Data and Key Metrics Changes - Net system sales amounted to €2.4 billion, with Logic accounting for 62% and Memory for 38% of sales [12] - Installed Base Management sales were €887 million, contributing to a total of approximately €1.7 billion in the first half of 2020 [13] - EUV systems shipped in Q2 totaled nine, with revenue recognized on seven systems [11][12] Market Data and Key Metrics Changes - Q2 system bookings were €1.1 billion, with a balanced order intake between Logic and Memory at 50% each [15] - Sales to China accounted for 23% of system revenue in Q2, driven by demand from both Logic and Memory customers [21] - The company expects continued growth in the China region for the year [21] Company Strategy and Development Direction - The company anticipates a year of double-digit growth in sales and profitability for 2020, despite COVID-19 disruptions [20] - Focus on advancing technology nodes in Logic and supporting digital infrastructure applications such as 5G and AI [20] - Plans to maintain a capital allocation policy that includes growing dividends and share buybacks, with a target of €6 billion over three years [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the COVID-19 environment, with operations largely back to normal [10] - The company expects significant growth in the installed base business, with a similar revenue level in the second half of the year as in the first half [22] - Management remains cautious about the macroeconomic environment but sees stable demand and a strong second half for 2020 [27] Other Important Information - The company plans to resume share buybacks once free cash flow generation becomes healthy and risks are under control [18] - The effective tax rate for Q2 was 18.5%, influenced by a one-off tax assessment [14] - The company is working through a transition period regarding working capital, expecting significant improvements in the second half of the year [40] Q&A Session Summary Question: Can both DUV and EUV units see growth in 2021? - Management indicated that if Memory demand continues to rise, both DUV and EUV could see growth, but typically, increased EUV layers may cannibalize DUV layers [34] Question: What is the trajectory for gross margins in Q3 and Q4? - Management expects a slight deterioration in gross margin for Q3 due to a mix shift but anticipates reaching 50% gross margin in Q4 driven by improved immersion margins and EUV service revenue [36] Question: What is the outlook for working capital and share buybacks? - Management expects significant recovery in free cash flow generation in the second half of the year, with potential for share buybacks to resume in Q4 [42] Question: How is the Memory strength categorized between China, DRAM, and NAND? - Management noted that the Memory strength is driven by a mix of Chinese customers and traditional DRAM customers, with an emphasis on DRAM in the second half [64] Question: What is the expected mix of shipments between Logic and Memory for EUV systems? - Management confirmed that the majority of EUV shipments in 2021 will be for Logic, with limited shipments for DRAM expected [67]

Financial Data and Key Metrics Changes - Net sales for Q1 2020 were €2.4 billion, below the original guidance of €3.1 billion to €3.3 billion, primarily due to COVID-19 impact [13] - Net system sales were €1.6 billion, with 73% from Logic and 27% from Memory, indicating continued strength in the Logic business [13] - Gross margin for the quarter was 45.1%, also below original guidance, due to delayed field upgrades and DPV systems revenue related to COVID-19 [18] - Net income in Q1 was €391 million, representing 16% of net sales, resulting in an EPS of €0.93 [18] Business Line Data and Key Metrics Changes - Installed base management sales for the quarter were €857 million, around €100 million lower than guided due to lack of access to machine time and delays in upgrades [14] - System bookings for Q1 were strong at €3.1 billion, including €1.5 billion from 11 EUV systems, with Logic order intake at 66% and Memory at 34% [18] Market Data and Key Metrics Changes - Customer demand has not seen a reduction, with strong order intake continuing, up around 28% from Q4 2019 [19] - Logic customers are ramping their seven and five nanometer nodes, supporting end-market applications like 5G, AI, and high-performance computing [24] - Memory bookings have increased, driven by DPV, while Logic shows a transition from DPV to EUV as customer confidence in EUV technology increases [25] Company Strategy and Development Direction - The company aims to achieve EUV revenue of around €4.5 billion on 35 systems this year, assuming no significant supply-demand risks [27] - Continued investment in future technology roadmaps, including High-NA, is planned to ensure customer support once the situation normalizes [21] - The company is managing cash prudently and has decided not to execute any share buybacks in Q2 2020, while still maintaining a three-year share buyback program of up to €6 billion [20] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the unprecedented challenges posed by the COVID-19 pandemic but remains optimistic about the company's ability to navigate through it [29] - There is significant uncertainty regarding the impact of COVID-19 on global GDP and the company's operations, leading to a decision to refrain from providing formal guidance for Q2 and the full year 2020 [28] - The management emphasizes the importance of flexibility in the supply chain and the ongoing strong demand for leading-edge technology [64] Other Important Information - The company has implemented measures to limit workforce growth and is postponing non-business critical OpEx and CapEx while continuing to hire for critical positions [21] - A total dividend of €2.40 per ordinary share for 2019 has been proposed, with a final dividend payment of €1.35 to be paid in Q2, representing a 14% increase compared to the 2018 dividend [22] Q&A Session Summary Question: Order strength in Q1 - The order strength was primarily driven by Logic, with no significant pull-ins or accelerations noted, confirming the technology roadmap [34] Question: Impact of social distancing on gross margin - The company has managed absenteeism and adjusted shift patterns to maintain productivity, indicating no expected impact on the 40% gross margin target [35] Question: Support for suppliers - The company is managing suppliers on a day-to-day basis and is prepared to provide support if necessary, including potential prepayments [39] Question: R&D operations during COVID-19 - R&D facilities remain operational with strict regulations, and productivity has been maintained with a significant portion of engineers working from home [42] Question: Memory bookings driven by NAND or DRAM - The strong memory bookings are primarily driven by DRAM, with a cautious trend of increased utilization noted [46] Question: Services revenue outlook - The company expects to recover lost revenue from Q1 in Q2, with no significant anomalies anticipated in the services business [48] Question: EUV installation plans - The company is assessing the ability to continue EUV installations at customer sites, with teams in place to ensure progress [82]

United States Securities and Exchange Commission Washington, D.C. 20549 Form 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2019 Commission file number 001-33463 ASML HOLDING NV (Exact Name of Registrant as Specified in Its Charter) The Netherlands (Jurisdiction of incorporation or organization) De Run 6501 5504 DR Veldhoven The Netherlands (Address of principal executive offices) Skip Miller Telephone: +1 480 235 0934 E-mail: ...

Financial Data and Key Metrics Changes - Q4 2019 net sales were EUR4 billion, with net system sales of EUR3.1 billion, primarily driven by Logic at 83% and Memory at 17% [8][9] - Gross margin for Q4 was 48.1%, while net income was EUR1.134 billion, representing 28.1% of net sales, resulting in an EPS of EUR2.70 [9][10] - For the full year 2019, net sales grew 8% to EUR11.8 billion, with net income of EUR2.6 billion and an EPS of EUR6.16 [10][11] - The company expects Q1 2020 net sales between EUR3.1 billion and EUR3.3 billion, with a gross margin of 46% to 47% [11] Business Line Data and Key Metrics Changes - EUV system sales in Q4 were EUR922 million from 8 shipments, with Installed Base Management sales at EUR906 million [8][9] - Full year 2019 saw EUV orders of EUR6.2 billion, over 50% of total bookings, reflecting strong demand for EUV technology [10] - Installed Base Management sales for 2019 were EUR2.8 billion, showing a small increase compared to the previous year [10] Market Data and Key Metrics Changes - Q4 system bookings totaled EUR2.4 billion, with Logic order intake at 79% and Memory at 21% [9] - Management noted signs of demand recovery in the Memory market, with expectations for stronger litho equipment demand in the second half of 2020 [15][18] Company Strategy and Development Direction - The company anticipates double-digit growth in both sales and profitability for 2020, driven by EUV and installed base business [14] - Major innovation drivers include AI, 5G, high-performance computing, and big data, which are expected to fuel demand for leading-edge Logic [14][19] - A three-year share buyback program of up to EUR6 billion is planned for 2020 through 2022 [13] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the Memory market and expects stronger demand for lithography equipment in the second half of 2020 [15][18] - The company is focused on reducing cycle times to meet expected strong demand for EUV systems, with plans for 35 systems in 2020 [17][46] - Management highlighted that the backlog for EUV systems is healthy, indicating strong customer commitment [23] Other Important Information - The company plans to declare a dividend of EUR2.40 per ordinary share for 2019, with a final dividend of EUR1.35 to be paid in Q2 2020 [12] - R&D expenses for Q1 2020 are expected to be around EUR550 million, with SG&A at EUR140 million [11][50] Q&A Session Summary Question: EUV manufacturing capacity and backlog - Management confirmed that the backlog will reflect the expected EUV capacity for 2021, with healthy order intake [23] Question: Memory market recovery and order timing - Management indicated that orders for Memory equipment are expected to come in Q2, with a return to normal supply-demand balance anticipated in the first half of 2020 [26][27] Question: Installed Base Management business outlook - Management expects a 20% increase over last year, estimating approximately EUR3.4 billion for the full year [29] Question: Gross margins and EUV shipments - Management projected EUV gross margins to improve to about 40% in 2020, with expectations for overall gross margins to reach 50% in the future [32][39] Question: Demand drivers for EUV - Management noted that increased layer counts and customer confidence in EUV technology are driving demand [67] Question: Demand from indigenous customers in China - Management stated that demand from China is on target, especially in the memory space, with no downside observed [69]

United States Securities and Exchange Commission Washington, D.C. 20549 Form 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2018 Commission file number 001-33463 ASML HOLDING N.V. (Exact Name of Registrant as Specified in Its Charter) THE NETHERLANDS (Jurisdiction of Incorporation or Organization) DE RUN 6501 5504 DR VELDHOVEN THE NETHERLANDS (Address of Principal Executive Offices) Skip Miller Telephone: +1 480 235 0934 E-mai ...