ASML Holding Q4 Earnings Miss Expectations, Revenues Rise Y/Y

ASML Holding ASML reported fourth-quarter 2025 earnings of €7.34 per share, which increased 7.3% year over year. Converted to USD, ASML’s fourth-quarter 2025 earnings were $8.55 per share, which missed the Zacks Consensus Estimates by 5.11%.ASML reported total net sales of €9.72 billion for the fourth quarter of 2025, up 4.9% year over year. Converted to USD, ASML’s third-quarter 2025 revenues were $11.31 billion, which surpassed the Zacks Consensus Estimate by 1.79%.ASML’s Financials in DetailSegment-wise, ASML’s Systems net sales were €7.584 billion, which contributed 78.4% to its top line, reflecting growth of 6.6% from the year-ago quarter. The Systems’ sales were mainly driven by a mix of EUV strength and advanced-node demand.ASML Holding N.V. Price, Consensus and EPS Surprise ASML Holding N.V. price-consensus-eps-surprise-chart | ASML Holding N.V. QuoteASML Holding’s Services and Field segment’s net sales were pegged at €2.134 billion (22% of the top line), down 0.6% from the prior-year quarter.ASML’s gross margin was 52.2%, which expanded 50 basis points (bps) from the year-ago quarter.Operating expenses were €1.64 billion, up 14.4% from the year-ago quarter. As a percentage of sales, the figure increased 130 bps from the year-earlier quarter to 16.80%.The non-GAAP operating margin of 35.3% contracted 90 bps year over year.Balance Sheet & Cash Flow of ASMLAs of Dec. 31, 2025, cash, cash equivalent balances and short-term investments were €13.32 billion, up from €5.13 billion as of Sept. 30, 2025.Inventories were €11.43 billion in the fourth quarter compared with €11.76 billion in the third quarter of 2025. Accounts receivable decreased to €3.02 billion from €5.36 billion in the previous quarter.The long-term debt was €2.71 billion at the end of the quarter, slightly up from the previous quarter’s €2.70 billion. ASML posted net positive cash flow of €7.79 billion.GuidanceFor the first quarter of 2026, ASML expects total net sales between €8.2 billion and €8.9 billion. In terms of USD, the projection stands between $9.8 billion and $10.6 billion. The Zacks Consensus Estimate is pegged at $10.24 billion.The company anticipates a gross margin between 51% and 53%. Research and development costs are projected to be around €1.2 billion, while selling, general and administrative expenses are expected to be approximately €0.3 billion.For 2025, ASML expects total net sales to be between €34 billion and €39 billion, with a gross margin between 51% and 53%.ASML’s Zacks Rank & Other Stocks to ConsiderCurrently, ASML carries a Zacks Rank #2 (Buy).Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Amkor Technology AMKR, Arista Networks ADI and Advanced Energy AEIS. While Amkor Technology sports a Zacks Rank #1 (Strong Buy), Arista Networks and Advanced Energy carry a Zacks Rank #2 each at present. You can see the complete list of today’s Zacks #1  Rank stocks here.Shares of Arista Networks have gained 27.6% in the trailing six-month period. Arista Networks is set to report fourth-quarter 2025 results on Feb. 12.Shares of Advanced Energy have gained 85.4% in the trailing six-month period. Advanced Energy is slated to report third-quarter 2025 results on Feb. 10.Amkor Technology shares have surged 103.2% in the trailing six-month period. Amkor Technology is set to report fourth-quarter 2025 results on Feb. 9. Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.SeeWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI): Free Stock Analysis Report ASML Holding N.V. (ASML): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks