Semiconductor equipment and EUV lithography
EUV lithography supplier where orders, backlog, export controls, and customer capex cycles drive results.
What changed
$ASML's 20-F filed 2026-02-25 adds four high-signal risk-factor passages versus the 2025-03-05 20-F: two on export controls, sanctions, and tariffs (including jurisdictions outside the EU and US), one on patent-litigation outcomes spanning monetary damages and injunctive relief, and one on geopolitical exposure in international operations.
$ASML's 20-F filed 2026-02-25 adds four notable risk-factor passages versus the 2025-03-05 20-F, including new language on export controls, sanctions and tariffs affecting system deliveries, export rules outside the EU and US, and potential patent-litigation outcomes including injunctions on manufacturing or exporting products.
$ASML's 20-F dated 2026-02-25 adds four new Item 1A passages versus the 20-F dated 2025-03-05, covering export controls outside the EU and US, sanctions and tariffs affecting system deliveries, patent-litigation outcomes including potential injunctions on manufacturing and exports, and geopolitical exposure in international operations. The Item 1A section grew from 14 to 26 risk-factor candidates.
$ASML's 20-F filed 2026-02-25 adds four risk-factor passages that were not in its 20-F filed 2025-03-05, covering export controls and sanctions outside the EU and US, broader trade regulations affecting system deliveries, and potential monetary damages or injunctive relief from patent litigation.
$ASML's 2026-02-25 20-F adds four new Item 1A passages versus the 2025-03-05 20-F, including two on export controls, sanctions, and tariffs, one on patent-litigation outcomes, and one on geopolitical exposure in international operations.
$ASML's 20-F filed 2026-02-25 adds four high-signal Item 1A passages versus the 20-F filed 2025-03-05, with two on regulatory-action language (export controls, sanctions, and tariffs inside and outside the EU and US), one on patent litigation outcomes including injunctive relief, and one on supply-chain and international operations exposure. All four are additions, with no high-signal removals or changes.
Signal summary
Scores summarize filing, market, ownership, and exposure records for research prioritization.
Regulatory filing quality and event signal from SEC disclosures
Key inputs: 6-K filing: foreign private issuer report · 6-K filing: foreign private issuer report
Insider activity is not tracked for this foreign private issuer because no SEC Form 4 record set is loaded for the ticker.
Directional signal from recent SEC event categorizations
Key inputs: 1 recent SEC filing · 5 fresh source updates
Delayed quote
Session timestamp: Jun 5, 2026, 9:30 PM
Showing the latest source-confirmed income statement values. The bar scale compares magnitude within this statement only; it is not a trend line and does not indicate positive or negative quality.
3 metrics · latest period Dec 31, 2025. 3 metrics include a prior-period comparison.
| Metric | Value | Period | Prior | Change |
|---|---|---|---|---|
| Revenue | 32.67B EUR | Dec 31, 2025 | 28.26B EUR | +4.4B EUR (15.6%) |
| Net income | 9.61B EUR | Dec 31, 2025 | 7.57B EUR | +2.04B EUR (26.9%) |
| Operating income | 11.3B EUR | Dec 31, 2025 | 9.02B EUR | +2.28B EUR (25.3%) |
Risk Factor Watch
Compared 20-F 2026-02-25 with 20-F 2025-03-05.
Risk factors (continued) Strategic (continued) Defending against intellectual property claims brought by others could harm our business We are exposed to economic, geopolitical and other developments in our international operations.
Potential adverse outcomes from patent litigation may include payment of significant monetary damages, injunctive relief prohibiting our manufacturing, exporting or selling of products, reputational damage and/or settlement involving significant payments by us.
Our business is subject to a range of export control restrictions, sanctions, tariffs, and broader international trade regulations that affect our ability to deliver systems, technology, and services.
No materially changed risk-factor sentences above threshold.
In addition, adverse market conditions, long-term overcapacity or a decrease in the value of the Japanese yen in relation to the euro could increase price-based competition, resulting in lower prices and lower sales and margins.
We also face competition from new competitors with substantial financial resources, as well as from competitors driven by the ambition of self-sufficiency in the geopolitical context.
Furthermore, we face competition from alternative technological solutions or semiconductor manufacturing processes.
We also compete with providers of applications that support or enhance complex patterning solutions, such as Applied Materials Inc.
Source-extracted Item 1A comparison.
This foreign private issuer does not have a loaded SEC Form 4 activity record set on Sawse.
This is a partial 13F manager view, not a full shareholder register. Concentration percentages describe the manager positions currently loaded in this table. The shares-outstanding percentage divides each manager's reported shares by the latest public share-count record when available.
Loaded filings
Of loaded 13F shares
Only 1 loaded
Only 1 loaded
Position or value
Source: SEC 13F filings. 13F reports can arrive up to 45 days after quarter end and do not represent every shareholder. Position change is the reported share-count change versus the prior available filing. Value change is the reported market-value change and can move even when the share count is unchanged.
| Manager | Period | Shares | % Shares out. | Value | Movement |
|---|---|---|---|---|---|
| Geode Capital Management, LLCMarket value moved | Mar 2026 | 74.71K | 0.02% | $98.68B | Position+1.28KValue+$20.12B |
| Title | Type |
|---|---|
| $ASML 20-F adds export-control, patent-litigation, and geopolitical risk language | Observation |
| $ASML 20-F adds export-control and patent-litigation risk language | Observation |
| $ASML 20-F adds export-control, patent-litigation, and trade-regulation risk language | Observation |
| $ASML adds export-control and patent-litigation language in new 20-F | Observation |
| $ASML 20-F adds export-control and patent-litigation risk language | Observation |
| $ASML 20-F adds export control and patent litigation language | Observation |
| Ticker | Category | Latest revenue | Filing Risk0-100 | Insider Signal0-100 | Event Momentum0-100 |
|---|---|---|---|---|---|
| $ASMLASML Holding N.V. | Semiconductor equipment and EUV lithography | 32.67B | 24 | 50 | 40 |
| $TSMTaiwan Semiconductor Manufacturing Company Limited | Advanced-node semiconductor foundry | 2894.31B | 100 | 38 | 100 |
Scores run 0-100: higher means a stronger signal for that dimension, not a buy/sell rating. Market cap, YTD return, and P/E appear when quote history and share-count data are complete.