Published
# ASML Holding N.V. - Recent Events (through the Q3 2026 results) ASML reports in euros. Amounts below are converted to US dollars from euros (average rate for the period for flows, closing rate for balances; forward-looking amounts - guidance, the buyback ceiling and the November interim dividend - all at the Q3 2026 closing rate of 0.877193 euros per US dollar, FRED, September 25, 2026); euro per-share amounts are stated per New York Registry Share, which equals one ordinary share. ASML furnishes its events on Form 6-K, not 8-K. ## Filings that contain financial statements - **6-K filed 2026-10-14, accession 0001628280-26-065813** - Q3 2026 results. Exhibit 99.3 holds unaudited summary US GAAP statements for the quarter and nine months ended September 27, 2026: income statement, ratios and other data, balance sheet (September 27, 2026 against December 31, 2025), cash flow statement, plus a five-quarter series (Q3 2025 to Q3 2026) of each. Exhibit 99.1 is the press release and Exhibit 99.2 the results presentation. - **6-K filed 2026-07-15, accession 0001628280-26-048235** - Q2 2026 results. Exhibit 99.3 holds the unaudited summary US GAAP statements for the quarter and six months ended June 28, 2026; Exhibit 99.4 is the Statutory Interim Report for the six months ended June 28, 2026. - **6-K filed 2026-04-15, accession 0001628280-26-025147** - Q1 2026 results. Exhibit 99.3 holds the unaudited summary US GAAP statements for the quarter ended March 29, 2026. - **6-K filed 2026-01-28, accession 0001628280-26-003701** - Q4 and full-year 2025 results. Exhibit 99.3 holds summary US GAAP statements for Q4 2025 and fiscal 2025. - **6-K filed 2026-02-25, accession 0001628280-26-011377** - the 2025 Annual Report (Exhibit 99.1), prepared under IFRS-EU for Dutch statutory purposes. The US GAAP annual report for fiscal 2025 was filed the same day on Form 20-F, accession 0001628280-26-011378. - Earlier interim statement 6-Ks within the prior year: 0001628280-25-045043 (Q3 2025, filed 2025-10-15), 0001628280-25-034992 (Q2 2025 and Statutory Interim Report, filed 2025-07-16), 0000937966-25-000014 (Q1 2025, filed 2025-04-16), 0000937966-25-000003 (Q4 and full-year 2024, filed 2025-01-29). ## Q3 2026 results and guidance (2026-10-14, accession 0001628280-26-065813) - Total net sales were a record EUR 11,662 million ($13.42 billion), up from EUR 9,326 million ($10.85 billion) in Q2 2026 and EUR 7,516 million ($8.78 billion) in Q3 2025. Gross margin was 57.5% (Q2: 54.0%). Net income was EUR 4,960 million ($5.71 billion), basic EPS EUR 12.95 ($14.91 per share). - Installed Base Management sales were EUR 3,289 million ($3.79 billion), above guidance; ASML sold 113 new and 8 used lithography systems. - Net income includes a EUR 509.7 million ($586.69 million) gain on equity investments, a line that was nil in the earlier quarters shown. - Cash and short-term investments ended the quarter at EUR 12,735 million ($14.52 billion), against EUR 7,582 million ($8.65 billion) at the end of Q2. Operating cash flow in the quarter was EUR 11,797.6 million ($13.58 billion), against EUR 1,703.0 million ($1.98 billion) in Q2. - Full-year guidance raised at the low end: Q4 2026 total net sales of EUR 14.2 to 15.2 billion ($16.19 billion to $17.33 billion), gross margin around 57%; full-year 2026 total net sales of EUR 44 to 45 billion ($50.16 billion to $51.30 billion), gross margin around 56%, effective tax rate around 17%. The July guidance was EUR 43 to 45 billion ($49.02 billion to $51.30 billion) with a 54% to 56% gross margin, so the low end of the full-year range rose from EUR 43 billion to EUR 44 billion, the top end held at EUR 45 billion, and the gross margin outlook moved from a 54%-56% range to around 56% (0001628280-26-065813). - Management said customers' demand forecasts continue to rise on AI-related investment, that some customers are expressing interest in placing orders for 2029 and 2030, and that planned supply for 2027 and 2028 will not fully meet demand. ASML is investigating capacity increases for 2028 beyond the 30% previously communicated. - The presentation also notes an ASML and TSMC initiative on 12-inch photomasks for High NA EUV, and shipment of the YieldStar 550 overlay metrology system. ## Capital returns - **Buyback:** about EUR 4.1 billion ($4.72 billion) of shares (around 2.8 million shares) repurchased in Q3 2026 under the 2026-2028 program (accession 0001628280-26-065813). A new program of up to EUR 12 billion ($13.68 billion), to run to December 31, 2028, was announced on 2026-01-28 (accession 0001628280-26-003701); the prior 2022-2025 program closed in December 2025 having repurchased EUR 7.6 billion ($8.92 billion) of its EUR 12 billion ($14.08 billion) authorization. Roughly EUR 1.1 billion was repurchased in each of Q1 ($1.29 billion) and Q2 2026 ($1.28 billion) (accessions 0001628280-26-025147, 0001628280-26-048235). - **Dividends:** the interim dividend over 2026 of EUR 1.88 per share ($2.14 per share) is payable November 4, 2026 (0001628280-26-065813); a EUR 1.88 interim ($2.16 per share) was paid August 5, 2026 (0001628280-26-048235). The 2025 total dividend is EUR 7.50 per share ($8.48 per share), up 17% on 2024; the AGM adopted a EUR 2.70 final dividend ($3.14 per share) on April 22, 2026 (0001628280-26-026703). ## Guidance path during 2026 | Date | Accession | Full-year 2026 net sales guidance | Gross margin | |---|---|---|---| | 2026-01-28 | 0001628280-26-003701 | EUR 34 to 39 billion ($38.76 billion to $44.46 billion) | 51% to 53% | | 2026-04-15 | 0001628280-26-025147 | EUR 36 to 40 billion ($41.04 billion to $45.60 billion) | 51% to 53% | | 2026-07-15 | 0001628280-26-048235 | EUR 43 to 45 billion ($49.02 billion to $51.30 billion) | 54% to 56% | | 2026-10-14 | 0001628280-26-065813 | EUR 44 to 45 billion ($50.16 billion to $51.30 billion) | around 56% | The April release said its range accommodates potential outcomes of ongoing discussions around export controls. All four rows are converted at one rate, the Q3 2026 closing rate of 0.877193 euros per US dollar (FRED, September 25, 2026), so the dollar path moves only when the euro guidance moves. ## Earlier 2026 results - **Q2 2026 (2026-07-15, 0001628280-26-048235):** net sales EUR 9,326 million ($10.85 billion), gross margin 54.0%, net income EUR 2,917.6 million ($3.39 billion). Management planned to add 30% to 2026 low-NA EUV capacity (about 65 systems) and DUV immersion capacity (about 130) for 2027, and to investigate a further 30% for 2028. Next Capital Markets Day: June 10, 2027. - **Q1 2026 (2026-04-15, 0001628280-26-025147):** net sales EUR 8,767 million ($10.27 billion), gross margin 53.0%, net income EUR 2,756.7 million ($3.23 billion); full-year guidance raised. - **Q4 and FY 2025 (2026-01-28, 0001628280-26-003701):** fiscal 2025 net sales EUR 32,667 million ($36.93 billion), gross margin 52.8%, net income EUR 9,609 million ($10.86 billion). Backlog at year end EUR 38,797 million ($45.53 billion); Q4 net bookings EUR 13.2 billion ($15.37 billion), of which EUR 7.4 billion ($8.62 billion) EUV. ## Organization and governance - **2026-01-28 (0001628280-26-003701):** ASML announced it intends to streamline its Technology and IT organizations to strengthen its focus on engineering and innovation; employees and employee representatives were being informed. The 20-F (Note 27, accession 0001628280-26-011378) says the proposed changes could ultimately result in a net reduction of around 1,700 positions, mostly in the Netherlands with some in the United States, and that the related expenses are not expected to be material. - **2026-03-09 (0001628280-26-016671):** AGM agenda published, including the intended appointment of Marco Pieters to the Board of Management and Supervisory Board changes. - **2026-04-22 (0001628280-26-026703):** the AGM adopted the 2025 statutory financial statements, reappointed Terri Kelly and An Steegen and appointed Benjamin Loh to the Supervisory Board, and appointed PricewaterhouseCoopers Accountants N.V. as auditor for 2027. It authorized share issuance (up to 5% for general purposes plus 5% for mergers, acquisitions and alliances) and repurchase of up to 10% of share capital through October 22, 2027, and approved cancelling up to 10% of share capital. The Board of Management items (reappointment of Roger Dassen and Frederic Schneider-Maunoury, appointment of Marco Pieters) were discussed as notifications. The Statutory Interim Report (0001628280-26-048235) states that Marco Pieters, Chief Technology Officer, was appointed to the Board of Management on April 22, 2026. ## Financing - **Debt repayment, Q3 2026 (0001628280-26-065813):** the cash flow statement prints repayment of debt and finance lease obligations of EUR 1,000.4 million ($1.15 billion). As context, the FY2025 20-F maturity schedule (0001628280-26-011378) lists EUR 1,000 million ($1.17 billion) of 1.375% senior notes maturing July 7, 2026; the 6-K does not itself name the notes. - **Debt repayment, Q1 2026 (0001628280-26-025147; also in the five-quarter cash flow in 0001628280-26-065813):** EUR 692.9 million ($811.30 million). Euro commercial paper outstanding fell from EUR 693.0 million ($813.30 million) at December 31, 2025 (0001628280-26-011378) to nil at June 28, 2026 (0001628280-26-048235). - **Euro Medium Term Note programme (Statutory Interim Report, Note 10, 0001628280-26-048235):** established March 20, 2026 for notes of up to EUR 10 billion ($11.40 billion); no debt was issued under it in the first half of 2026. ## Not found in these filings No acquisition, merger, debt issuance, impairment, or litigation outcome appears in the 6-Ks furnished in 2026 through October 14.