| (Figures in millions of euros unless otherwise indicated) | Q12025 | Q22025 | | --- | --- | --- | | Net sales | 7,742 | 7,692 | | ... of which Installed Base Management sales 1 | 2,001 | 2,096 | | New lithography systems sold (units) | 73 | 67 | | Used lithography systems sold (units) | র্ব | 9 | | Net bookings 2 | 3,936 | 5,541 | | Gross profit | 4,180 | 4,130 | | Gross margin (%) | 54.0 | 53.7 | | Net income | 2,355 | 2,290 | | EPS (basic; ineuros) | 6.00 | 5.90 | | End-quarter cash and cash equivalents ...

前言 全球光刻机龙头阿斯麦（ASML）昨天公布2季度业绩，公布业绩当晚股价大跌近10%，拖累整个芯片行业出现大跌。 我们用自己做的AI研究助理，围绕着大家可能关心的问题做了一些研究，应该对大家了解ASML本次业绩情况有一定的帮助。具体内容见下。 请注意，以下内容由AI生成，内容不能保证100%正确（其实人写的内容也不能保证100%正确），因此，大家要自行鉴别。另外，以下内容不是任 何形式的投资建议，投资有风险，交易需谨慎！ ASML 2025年第二季度财报 与电话会核心内容分析 财务表现概览 2025年第二季度，ASML交出了一份稳健的财务成绩单。公司实现总净销售额77亿欧元（约合人民币642.13亿元），处于此前预测区间（72-77亿欧元）的 上限。 这一数字较2024年同期增长23.21%，但环比第一季度（77.42亿欧元）微降0.646%。 毛利率表现尤为亮眼，达到53.7%，超出公司此前51%-53%的指引区间。净利润为23亿欧元（约合人民币191.81亿元），同比增长44.9%，环比小幅下滑 2.76%。 从业务构成来看： 光刻系统销售额：56亿欧元（占比约73%），同比增长17.5%；服务收入：2 ...

Core Viewpoint - ASML reported strong financial results for Q2 2025, with significant growth in sales and profit, driven by increased demand for EUV lithography machines and a robust aftermarket service business [2][3]. Financial Performance - In Q2 2025, ASML achieved net sales of €7.7 billion, a gross margin of 53.7%, and a net profit of €2.3 billion [2]. - The new order intake for the quarter was €5.5 billion, with €2.3 billion specifically for EUV lithography machines [2]. - The company expects Q3 2025 revenue to be between €7.4 billion and €7.9 billion, with a gross margin between 50% and 52% [3]. Market Insights - ASML's CEO noted that the share of lithography machine investments in overall wafer fab investments remains strong, particularly in the DRAM sector [2]. - The introduction of the TWINSCAN NXE:3800E has further solidified this trend [2]. - ASML anticipates that revenue from the Chinese market will exceed 25%, aligning with its backlog of unfulfilled orders [2]. Future Outlook - For the full year 2025, ASML projects a revenue growth of approximately 15% and a gross margin of around 52% [3].

Core Viewpoint - ASML's stock experienced significant declines in both European and US markets due to management's concerns about future growth and a downward revision of earnings guidance [1][7]. Financial Performance - In Q2, ASML reported a revenue increase of 23.2% year-on-year to €7.69 billion, exceeding market expectations of €7.55 billion [1]. - The net profit for the quarter was €2.3 billion, with earnings per share at €5.90, surpassing the market forecast of €5.24 by €0.66 [1]. - For Q3, ASML revised its revenue guidance to €7.4 billion to €7.9 billion, lower than the market expectation of €8.26 billion [1]. - The company also lowered its 2025 revenue guidance, now expecting a 15% year-on-year growth to €32.5 billion, compared to the previous market expectation of €37.39 billion [1]. Market Trends and Drivers - CEO Christophe Fouquet noted that the financial performance in Q2 met the upper expectations, driven by increased upgrade business and reduced one-time costs [6]. - ASML observed continuous improvements in lithography intensity, particularly in DRAM, with the introduction of the TWINSCAN N XE:3800E lithography system [6]. - The company highlighted that AI remains a key growth driver in the logic and memory chip sectors, with expectations for growth in the logic chip market compared to 2024 [6]. - The revenue share from the Chinese market is anticipated to exceed 25%, aligning with the current backlog of orders [6]. Geopolitical and Trade Concerns - ASML warned that it may not achieve growth in 2026 due to potential impacts from US tariff policies [7]. - The company indicated that, like the broader semiconductor industry, it is increasingly susceptible to US trade restrictions, with rising machine and chip prices amid geopolitical uncertainties [7]. - Analysts noted that the uncertainty stemming from tariffs has led to a significant change in ASML's growth outlook for 2026, contrasting with previous expectations [7].

ASML 二季度净收入为 22.90 亿欧元（现汇率约合 191.29 亿元人民币），环比略微下滑 2.76%。该企业同期售出 67 台新光刻设备和 9 台二手光刻设备， 净预定量从 39.36 亿欧元增长至 55.41 亿欧元。 IT之家 7 月 16 日消息，光刻机巨头 ASML 当地时间今日公布了 2025 年二季度的业绩。该企业上一季度实现 76.92 亿欧元（现汇率约合 642.52 亿元人民 币）净销售额，相比今年一季度微幅下滑 0.646%、同比则录得 23.21% 增长。 ASML 总裁兼首席执行官 Christophe Fouquet 表示： 我们第二季度的总净销售额为 77 亿欧元，达到了指导目标的上限。毛利率为 53.7%，高于预期目标，这主要得益于升级业务的增长以及一次 性支出导致的成本降低。 我们看到光刻强度不断提高，特别是在 DRAM 领域，而 TWINSCAN NXE:3800E 的推出则加强了这一势头。与此同时，EUV 的应用也在按计 划推进，包括 High NA。本季度，我们交付了第一台 TWINSCAN EXE:5200B 系统。 展望 2026 年，我们发现 AI 客户的 ...

《科创板日报》16日讯，阿斯麦（ASML）总裁兼首席执行官傅恪礼表示，"我们看到光刻机投资在晶 圆厂总体投资中所占的比重持续保持强劲，尤其是在DRAM（动态随机存取存储器）领域，而 TWINSCAN NXE:3800E的推出也进一步巩固了这一趋势。与此同时，EUV光刻机的应用正在按计划推 进，其中包括高数值孔径（High NA）系统。本季度，我们发运了首台TWINSCAN EXE:5200B系统。" 阿斯麦：首台EXE:5200B High NA光刻机已发运 ...

Core Viewpoint - ASML reported strong financial results for Q2 2025, with total net sales of €7.7 billion and net income of €2.3 billion, indicating robust performance and positive outlook for the semiconductor industry [1][4][7]. Financial Performance - Total net sales for Q2 2025 were €7,692 million, slightly down from €7,742 million in Q1 2025 [2]. - Gross profit for Q2 2025 was €4,130 million, with a gross margin of 53.7%, compared to 54.0% in Q1 2025 [2]. - Net income for Q2 2025 was €2,290 million, down from €2,355 million in Q1 2025 [2]. - Earnings per share (EPS) for Q2 2025 was €5.90, compared to €6.00 in Q1 2025 [2]. Sales and Bookings - Installed Base Management sales increased from €2,001 million in Q1 2025 to €2,096 million in Q2 2025 [2]. - New lithography systems sold decreased from 73 units in Q1 2025 to 67 units in Q2 2025, while used systems sold increased from 4 to 9 units [2]. - Net bookings for Q2 2025 were €5,541 million, with €2,300 million attributed to EUV systems [7]. Future Outlook - ASML expects Q3 2025 total net sales to be between €7.4 billion and €7.9 billion, with a gross margin between 50% and 52% [6][7]. - The company anticipates a full-year 2025 total net sales growth of around 15% compared to 2024, with a gross margin of approximately 52% [7][8]. Shareholder Returns - An interim dividend of €1.60 per ordinary share is scheduled for payment on August 6, 2025 [9]. - In Q2 2025, ASML repurchased approximately €1.4 billion worth of shares under its ongoing share buyback program [9].