ASML cuts 1,700 jobs despite record 2025

Dutch lithography specialist ASML plans to cut around 1,700 jobs, primarily in the Netherlands, as part of a restructuring of its technology and IT organizations. The announcement comes despite a record 2025 with strong order intake and a positive outlook. For the full year 2025, the company reported net sales of €32.7 billion and a net profit of €9.6 billion. In the fourth quarter, ASML achieved revenue of €9.7 billion, a gross margin of 52.2%, and a net profit of €2.8 billion. Quarterly orders amounted to €13.2 billion, including €7.4 billion for EUV systems. The order backlog stood at €38.8 billion at the end of 2025. The outlook remains strong, with Q1 2026 sales expected between €8.2 and €8.9 billion and full-year revenue forecast at €34 to €39 billion. Despite these robust figures, ASML aims to streamline its organization, with the job cuts mainly affecting management and support functions. CEO Christophe Fouquet stated the restructuring is intended to simplify decision-making and sharpen the focus on engineering expertise and innovation. More engineers will be deployed directly on product-related work, while certain leadership roles will be eliminated. The company also plans to create new technical roles to support existing and future projects, resulting in a net reduction of approximately 1,700 positions. ASML emphasizes that growth in areas like manufacturing, customer support, and sales will continue. The measures will be implemented in consultation with employee representatives in the Netherlands, with support provided to affected staff during the transition