ASML has reported flat net sales of €7.5 billion ($8.8bn) for the second consecutive quarter.

Although this represents a decrease on the €7.7bn ($8.95bn) posted by the company in Q2, CEO Christophe Fouquet argued the figure still represented a “good quarter” for the Dutch chipmaking equipment company.

Net income for the company’s third quarter was €2.1bn ($2.4bn), another small decrease on the €2.3bn ($2.7bn) posted in Q2, while quarterly net bookings for the three month period totaled €5.4bn ($6.3bn), of which €3.6bn ($4.2bn) related to Extreme Ultraviolet lithography (EUV) bookings.

The company sold 66 new lithography systems during the quarter and six used systems. In Q2 2025, the company sold 67 new systems and nine old ones.

ASML continues to expect a full-year 2025 total net sales increase of around 15 percent relative to 2024 – a figure it revised in the previous quarter – with a gross margin of around 52 percent. The company is expecting a “very strong fourth quarter,” Fouquet said, forecasting net sales of between €9.2bn ($10.7bn) and €9.8bn ($11.4bn) for Q4.

"We do not expect 2026 total net sales to be below 2025. We will provide more details on our 2026 outlook in January,” he added.

Speaking in a pre-recorded video interview published alongside the quarterly results, Fouquet said ASML was seeing “strong news about commitment to AI,” which is important for the company and a larger part of its customer base.

However, he cautioned that while ASML was continuing to make very good progress with its lithography intensity and had seen growing uptake of EUV amongst DRAM and advanced logic customers, demand from China, a market where the company has previously had a strong business presence, has decreased significantly.

As a result, Fouquet said the company’s shrinking Chinese customer base will most likely lower the company’s Deep Ultraviolet (DUV) lithography business; however, he said that overall, market dynamics are moving in a direction that favors EUV, meaning ASML believes that “the impact of these dynamics will only be effective partially in 2026.”

The CEO also said during the interview that ASML had shipped its first advanced packaging product during the quarter - the XT:260, which is a high productivity scanner that supports advanced packaging and provides up to 4X productivity, when compared to the existing product.

“The XT:260 is the first product. There will be more, and because of innovation, we are capable again to bring technology that can really make a difference. If we look at next year, we see many customers that have shown interest in this tool, proving again, I would say, the future value of our technology there.”

He did not name the customer to whom the machine had been shipped.