ASML Holding(US:ASML) 智通财经网·2026-01-28 07:23Core Insights - ASML's demand for advanced lithography equipment is driven by increased capital expenditures from chip manufacturers to expand AI-related chip production, leading to record orders in Q4 2025 [1] - The company reported Q4 2025 orders of €13.2 billion, significantly exceeding analyst expectations of €6.85 billion, with EUV orders accounting for over half of total orders [1] - ASML's Q4 2025 sales reached €9.718 billion, a 29% year-over-year increase, with a gross profit of €5.068 billion and a net profit of €2.84 billion, reflecting strong growth across key financial metrics [2] Financial Performance - Q4 2025 total net sales were €9.718 billion, with a gross margin of 52.2% and net income of €2.84 billion, resulting in an EPS of €7.35 [2] - For the full year 2025, total sales were €32.667 billion, with a gross profit of €17.258 billion and net income of €9.609 billion, leading to an EPS of €24.73 [2] - The company has raised its 2026 sales guidance to €34-39 billion, indicating a positive outlook compared to previous expectations of flat sales [2][3] Strategic Initiatives - ASML announced a new share buyback program worth €12 billion, expected to be completed by December 31, 2028, while also planning to streamline its technology and IT departments [3] - The company is the sole manufacturer of advanced lithography machines essential for producing cutting-edge chips, serving major clients like TSMC, Samsung, and Intel, who are increasing investments due to rising demand for AI chips [3][4] - ASML's CEO noted a significant positive shift in clients' mid-term market assessments, driven by expectations of sustained AI-related demand, which is reflected in the record order intake [4]