ASML reports €7.7 billion total net sales and €2.4 billion net income in Q1 2025

Core Insights - ASML reported total net sales of €7.7 billion and net income of €2.4 billion for Q1 2025, aligning with guidance [1][4] - The company expects total net sales for 2025 to be between €30 billion and €35 billion [1][6] Financial Performance - Q1 2025 total net sales were €7,742 million, down from €9,263 million in Q4 2024 [2] - Gross profit for Q1 2025 was €4,180 million, with a gross margin of 54.0%, an increase from 51.7% in Q4 2024 [2][4] - Net income for Q1 2025 was €2,355 million, compared to €2,693 million in Q4 2024 [2] - Earnings per share (EPS) for Q1 2025 was €6.00, down from €6.85 in Q4 2024 [2] Sales and Bookings - Installed Base Management sales in Q1 2025 were €2,001 million, a decrease from €2,147 million in Q4 2024 [2] - New lithography systems sold in Q1 2025 were 73 units, down from 119 units in Q4 2024 [2] - Net bookings for Q1 2025 were €3,936 million, significantly lower than €7,088 million in Q4 2024 [2][6] Future Outlook - ASML anticipates Q2 2025 total net sales to be between €7.2 billion and €7.7 billion, with a gross margin between 50% and 53% [6][7] - The company expects 2025 and 2026 to be growth years, driven primarily by artificial intelligence [5][6] Dividend and Share Buyback - ASML plans to declare a total dividend of €6.40 per ordinary share for 2024, marking a 4.9% increase from 2023 [8] - In Q1 2025, ASML repurchased approximately €2.7 billion worth of shares under its ongoing share buyback program [8]