Will EUV Adoption in Logic and DRAM Lift ASML's Margins Over Time?

Key Takeaways ASML's Q3 2025 gross margin rose 80 bps to 51.6%, driven by steady EUV demand and installed base growth.Logic drives System sales, with multi-layer EUV boosting utilization and high-margin services.Rising EUV use in advanced DRAM and AI memory supports higher-value tools and a stronger margin outlook.ASML Holding’s (ASML) margin trajectory is increasingly linked to the pace of extreme ultraviolet (EUV) adoption across logic and DRAM manufacturing. EUV tools are among the most complex systems i ...