ASML Holding NV (ASML), a chip-equipment maker, reported its Q4 and full-year 2025 results, showing a strong rebound in bookings as chipmakers boosted spending to meet growing demand for AI chips. For the fourth quarter, ASML reported revenue of €9.7 billion, up about 4.3% from €9.3 billion a year earlier, and basic EPS of €7.35, roughly 0.5% higher than the prior-year quarter.
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ASML said Q4 bookings came in at €13.2 billion, more than double the €5.4 billion reported in the prior quarter and well above market expectations. Of the total, €7.4 billion came from EUV systems, which are critical for producing advanced logic and AI chips.
Chief Executive Christophe Fouquet said customers have turned more positive on the medium-term outlook, driven by stronger confidence in sustained AI-related demand. He noted that sentiment has improved in recent months as chipmakers expand capacity for AI workloads.
ASML Raises 2026 Outlook
Looking ahead, ASML raised its full-year 2026 sales forecast and now expects revenue of €34 billion to €39 billion, compared with earlier expectations for flat to lower growth after 2025. For the first quarter of 2026, the company guided for net sales of €8.2 billion to €8.9 billion and a gross margin between 51% and 53%.
The company said the improved outlook reflects higher customer spending on AI logic and memory chips used by major cloud providers, including Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL).
Is ASML a Good Stock to Buy?
On TipRanks, ASML stock has a Strong Buy consensus rating based on nine unanimous Buys assigned in the last three months. The average ASML price target of $1,487.84 implies 2.29% upside potential from current levels.
