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ASML's Installed Base Business Gains Traction: What's Ahead?

ASML
Corporate EarningsCompany FundamentalsTechnology & Innovation

ASML's Installed Base Management (IBM) sales rose 26% year-over-year to EUR 8.2 billion in 2025, driven by higher service and upgrades of wafer-fabrication equipment. The upgrade and service business has been a strong contributor to IBM, indicating resilient aftermarket revenue and stronger monetization of installed equipment.

Analysis

ASML's Installed Base Management (IBM) sales rose 26% year-over-year to EUR 8.2 billion in 2025, driven by higher service and upgrades of wafer-fabrication equipment. The upgrade and service business has been a strong contributor to IBM, indicating resilient aftermarket revenue and stronger monetization of installed equipment.

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