China’s share of ASML’s global sales dropped by 8 percentage points in 2025, falling to 33 per cent from the 41 per cent reported the previous year. The group’s CFO, Roger Dassen, said he expected the figure to drop to around 20 per cent in 2026. The company said it expected a “normalisation” of demand in 2026, following a rush of shipments made after Beijing lifted its Covid-19 restrictions. AdvertisementHowever, the group’s total net machine sales increased to €24.47 billion, up by 12.4 per cent year on year, thanks to the strong performance of its extreme ultraviolet lithography (EUV) machines. AdvertisementASML reported €13.2 billion in bookings during the last quarter, up 186 per cent year on year, €7.4 billion of which was for the advanced EUV systems.