ASML Holding NV's stock surged 5.14% during pre-market trading on Wednesday, following the release of its fourth-quarter and full-year 2025 results that significantly exceeded market expectations.
The rally was driven by record quarterly net bookings of €13.2 billion, which nearly doubled analyst forecasts, with €7.4 billion coming from high-demand extreme ultraviolet (EUV) lithography systems. The company's order backlog swelled to €38.8 billion, providing strong visibility for future growth.
ASML raised its 2026 sales guidance to a range of €34 billion to €39 billion, up from €32.67 billion in 2025, reflecting increased confidence in the sustainability of artificial intelligence-related demand. CEO Christophe Fouquet stated that customers have shown "notably more positive assessment of the medium-term market situation" based on robust AI demand expectations, leading to stepped-up capacity plans. The company also announced a new share buyback program of up to €12 billion and a 17% dividend increase for 2025.