Financial Performance and Forecasts: ASML reported Q1 2025 net sales of EUR7.7 billion, which aligns with guidance, with a gross margin of 54%. The company forecasts total revenue for 2025 to be between EUR30 billion and EUR35 billion and anticipates continued growth in 2026, driven by strong demand in the Logic and Memory segments.
EUV and High NA Technology Progress: The company is focused on the rollout of its EUV technology, with the NXE:3800E achieving significant productivity improvements. High NA systems are progressing well, with milestones indicating a strong likelihood of adoption by Logic and Memory customers by 2026-2027. This paves the way for increased lithography intensity and potential market share growth.
Risks from Tariffs: ASML outlined significant uncertainty regarding recent tariffs, which could affect both direct and indirect operations, such as import costs for materials and system sales to U.S. customers. The wider bandwidth in gross margin expectations for Q2 reflects this uncertainty, making it difficult to predict the ultimate financial impact.