ASML reported orders that far exceeded expectations in the fourth quarter of 2025 and raised its 2026 sales outlook, underscoring strong demand tied to artificial intelligence infrastructure. The Dutch chip equipment maker recorded bookings of 13.2 billion euros, more than double analyst estimates of 6.32 billion euros, marking a record quarter, according to the company.
ASML forecast first-quarter net sales of 8.2 billion to 8.9 billion euros and total 2026 sales between 34 billion and 39 billion euros, with the midpoint above market expectations. The updated outlook implies revenue growth of up to 19% compared with 2025. The company also announced a 12 billion euro share buyback program running through the end of 2028.
Despite the strong outlook, ASML said it will cut around 1,700 jobs, mainly in the Netherlands, to improve operational agility. AI-related tailwinds continue to support demand for its extreme ultraviolet lithography systems as customers expand advanced chip capacity. ASML said China revenue is expected to fall to about 20% of total sales in 2026 due to export restrictions, down from 33% last year.
