6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF A FOREIGN ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934

For July 14, 2010

ASML Holding N.V.

De Run 6501
5504 DR Veldhoven
The Netherlands

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F þ               Form 40-F o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o               No þ

If ‘‘Yes’’ is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

EXHIBITS 99.1, 99.3 AND 99.4 TO THIS REPORT ON FORM 6-K ARE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-13332), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-105600), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-109154), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-116337), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-126340), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-136362), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-141125), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-142254), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-144356), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-147128), AND THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-153277) OF ASML HOLDING N.V.

TABLE OF CONTENTS

EX-99.1

EX-99.2

EX-99.3

EX-99.4

Exhibits

99.1	“ASML 2010 Second Quarter Results — Sales Set for New High Amid Increasing Semiconductor Fab Spend,” press release dated July 14, 2010
99.2	“ASML 2010 Second Quarter Results — Sales Set for New High Amid Increasing Semiconductor Fab Spend,” presentation dated July 14, 2010
99.3	Summary U.S. GAAP Consolidated Statements of Operations
99.4	Summary IFRS Consolidated Income Statement

“Safe Harbor” Statement under the US Private Securities Litigation Reform Act of 1995: the matters discussed in this document may include forward-looking statements, including statements made about our outlook, realization of backlog, IC unit demand, financial results, average selling price, gross margin and expenses. These forward looking statements are subject to risks and uncertainties including, but not limited to: economic conditions, product demand and semiconductor equipment industry capacity, worldwide demand and manufacturing capacity utilization for semiconductors (the principal product of our customer base), including the impact of general economic conditions on consumer confidence and demand for our customers’ products, competitive products and pricing, the impact of manufacturing efficiencies and capacity constraints, the pace of new product development and customer acceptance of new products, our ability to enforce patents and protect intellectual property rights, the risk of intellectual property litigation, availability of raw materials and critical manufacturing equipment, trade environment, changes in exchange rates and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission.

2

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ASML HOLDING N.V. (Registrant)
Date: July 14, 2010	By:	/s/ Peter T.F.M. Wennink
		Peter T.F.M. Wennink
		Executive Vice President and Chief Financial Officer

3

EX-99.1

Exhibit 99.1

Media Relations Contacts
Lucas van Grinsven — Corporate Communications — +31 40 268 3949 — Veldhoven, the Netherlands

Investor Relations Contacts
Craig DeYoung — Investor Relations — +1 480 383 4005 — Tempe, Arizona, USA
Franki D’Hoore — Investor Relations — +31 40 268 6494 — Veldhoven, the Netherlands

ASML announces 2010 Second Quarter Results
Sales set for new high amid increasing semiconductor fab spend

VELDHOVEN, the Netherlands, July 14, 2010 — ASML Holding NV (ASML) today announces 2010 second quarter results according to US GAAP as follows:

• Q2 2010 net sales of EUR 1,069 million versus Q1 2010 net sales of EUR 742 million (Q2 2009 net sales of EUR 277 million).

• Q2 2010 net income of EUR 239 million, or 22.4 percent of net sales, versus a Q1 2010 net income of EUR 107 million or 14.5 percent of net sales (Q2 2009 net loss of EUR 104 million or 37.6 percent of net sales).

• Q2 2010 net bookings valued at EUR 1,179 million with 59 systems including 48 new and 11 used systems, leading to a systems backlog valued at EUR 2,401 million as of June 27, 2010.

“Our second quarter sales came in at EUR 1.069 billion, confirming the continued strong demand in the semiconductor industry for our leading edge lithography systems,” said Eric Meurice, President and Chief Executive Officer of ASML. “Our NXT:1950i is now enabling volume production of the most advanced and cost-efficient semiconductor nodes, with close to 20 systems shipped and half a million silicon wafers already exposed. The excellent overlay and imaging performance of our NXTs is further enhanced by our unique suite of Holistic Lithography products which optimize manufacturing tolerances and provide a faster start to chip production. All ASML’s leading edge NXT scanners sold include one or more holistic lithography components. Regarding next generation products, to be used beyond 20 nanometers (nm), we are in the process of final integration test of our Extreme Ultraviolet (EUV) production systems

Page 1 of 6

and delivery of six of these EUV systems will happen over the course of the next 12 months,” Meurice added.

Operations Update

In Q2 2010, ASML’s net sales of EUR 1,069 million included 35 new and 8 used systems, totaling net system sales of EUR 923 million, and net service and field options sales of EUR 146 million. Net system sales for Q1 2010 included the shipment of 23 new and 11 used machines, totaling EUR 632 million, and net service and field options sales of EUR 110 million.

The Q2 2010 average selling price for a new system was EUR 25.6 million, compared with the Q1 2010 average selling price for a new system of EUR 25.8 million. The Q2 2010 average selling price for all ASML systems sold was EUR 21.5 million, compared with the Q1 2010 average selling price of EUR 18.6 million.

Q2 2010 net bookings totaled 59 systems valued at EUR 1,179 million, including advanced immersion systems for critical layers as well as KrF systems for less critical layers for capacity additions, with a total average selling price of EUR 20.0 million.

ASML’s systems backlog as of June 27, 2010 was EUR 2,401 million, totaling 101 systems with an average selling price of EUR 23.8 million, reflecting a mix of systems for all chip layers. ASML’s backlog as of March 28, 2010 was valued at EUR 2,170 million, totaling 85 systems with an average selling price of EUR 25.5 million.

In Q2 2010, ASML generated net income of EUR 239 million, or EUR 0.55 per ordinary share as compared with net income in Q1 2010 of EUR 107 million or EUR 0.25 per ordinary share.

The company’s Q2 2010 gross margin was 43.0 percent compared with the Q1 2010 gross margin of 40.3 percent.

Q2 2010 research and development (R&D) costs were EUR 125 million including credits, compared with Q1 2010 R&D costs of EUR 120 million including credits.

Page 2 of 6

Selling, general and administrative (SG&A) costs were EUR 42 million in Q2 2010, compared with SG&A costs of EUR 41 million in Q1 2010.

Net cash from operations was EUR 193 million in Q2 2010. ASML ended Q2 2010 with EUR 1,189 million in cash and cash equivalents, compared with EUR 1,087 million at the end of Q1 2010.

Outlook

“We booked EUR 1,179 million worth of systems in the second quarter of 2010 and we anticipate bookings levels of around EUR 1.3 billion in the third quarter; we now expect full year 2010 sales to grow 10 to 15 percent above our historical peak sales of EUR 3.8 billion,” Eric Meurice said. “This level of sales is expected to continue into 2011, barring a major macro-economic downturn, as it is supported by a number of fundamental growth drivers, including:

• The more than doubling, between 2009 and 2010, of the average number of immersion layer exposures due to the growing sub-50nm nodes mix, with a continued upward trend into 2011.

• The memory makers’ upgrades to more advanced nodes with second tier DRAM manufacturers now transferring to 40nm nodes while leading DRAM vendors are preparing for 30nm node manufacturing, and NAND Flash manufacturers migrating to sub-30nm chip production.

• Foundries’ and Integrated Device Manufacturers’ (IDMs) continued catch-up on under-investments of the past two to three years; this structural addition in current 65nm and new 40nm technology capacity, is necessary to service the richer technology mix and the increased load of IDM-driven demand at foundries, following IDMs’ retirement of obsolete capacity.

In order to support this strong structural demand we will add flexible manufacturing capacity; we will also increase our research and development (R&D) investments in order to strengthen our leadership further,” Meurice said.

ASML expects Q3 2010 net sales of around EUR 1.1 billion, and gross margin in Q3 2010 of about 43 percent. R&D expenditures are expected to be at EUR 137 million

Page 3 of 6

including credits and SG&A costs are expected at EUR 50 million due to a higher sales level including workforce recruitment costs.

About ASML

ASML is the world’s leading provider of lithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. ASML has more than 6,600 employees (expressed in full time equivalents), serving chip manufacturers in more than 60 locations in 15 countries. More information about our company, our products and technology, and career opportunities is available on our website: www.asml.com

Investor and Media Conference Call

A conference call for investors and media will be hosted by CEO Eric Meurice and CFO Peter Wennink at 15:00 PM Central European Time / 09:00 AM Eastern U.S. time. Dial-in numbers are: in the Netherlands +31 10 29 44 271 and the US +1 718 247 0888 (US participants will have to quote the following confirmation code when dialing into the conference: 9234869). To listen to the conference call, access is also available via www.asml.com

A replay of the Investor and Media Call will be available on www.asml.com

IFRS Financial Reporting

ASML’s primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting standard generally accepted in the United States. Quarterly US GAAP consolidated statements of operations, consolidated statements of cash flows and consolidated balance sheets, and a reconciliation of net income/(loss) and equity from US GAAP to IFRS are available on www.asml.com

Page 4 of 6

In addition to reporting financial figures in accordance with US GAAP, ASML also reports financial figures in accordance with IFRS for statutory purposes. The most significant differences between US GAAP and IFRS that affect ASML concern the capitalization of certain product development costs, the accounting of share-based payment plans, the accounting of income taxes and the accounting of reversal of inventory write-downs. ASML’s quarterly IFRS consolidated income statement, consolidated statement of cash flows, consolidated statements of financial position and a reconciliations of net income/(loss) and equity from US GAAP to IFRS are available on www.asml.com

Today, July 14, 2010, ASML will also publish its Statutory Interim Report for the six months period ended June 27, 2010. This report is in accordance with the requirements of the EU Transparency Directive as implemented in the Netherlands, will include consolidated condensed interim financial statements prepared in accordance with IAS 34, “Interim Financial Reporting”, an Interim Management Board Report and a Managing Directors’ Statement and will be available on www.asml.com.

The consolidated balance sheets of ASML Holding N.V. as of June 27, 2010, the related consolidated statements of operations and consolidated statements of cash flows for the quarter ended June 27, 2010 as presented in this press release are unaudited.

Regulated Information

This press release, the US GAAP consolidated financial statements and the IFRS consolidated financial statements published on www.asml.com comprise regulated information within the meaning of the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).

Forward Looking Statements

“Safe Harbor” Statement under the US Private Securities Litigation Reform Act of 1995: the matters discussed in this document may include forward-looking statements, including statements made about our outlook, realization of backlog, IC unit demand, financial results, average selling price, gross margin and expenses. These forward looking statements are subject to risks and uncertainties including, but not limited to: economic conditions, product demand and semiconductor equipment industry capacity,

Page 5 of 6

worldwide demand and manufacturing capacity utilization for semiconductors (the principal product of our customer base), including the impact of general economic conditions on consumer confidence and demand for our customers’ products, competitive products and pricing, the impact of manufacturing efficiencies and capacity constraints, the pace of new product development and customer acceptance of new products, our ability to enforce patents and protect intellectual property rights, the risk of intellectual property litigation, availability of raw materials and critical manufacturing equipment, trade environment, changes in exchange rates and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission.

Page 6 of 6

EX-99.2

Exhibit 99.2

ASML 2010 Second Quarter Results Sales set for new high amid increasing semiconductor fab spend July 14, 2010

Safe Harbor “Safe Harbor” Statement under the US Private Securities Litigation Reform Act of 1995: the matters discussed in this document may include forward-looking statements, including statements made about our outlook, realization of backlog, IC unit demand, financial results, average selling price, gross margin and expenses. These forward looking statements are subject to risks and uncertainties including, but not limited to: economic conditions, product demand and semiconductor equipment industry capacity, worldwide demand and manufacturing capacity utilization for semiconductors (the principal product of our customer base), including the impact of general economic conditions on consumer confidence and demand for our customers’ products, competitive products and pricing, the impact of manufacturing efficiencies and capacity constraints, the pace of new product development and customer acceptance of new products, our ability to enforce patents and protect intellectual property rights, the risk of intellectual property litigation, availability of raw materials and critical manufacturing equipment, trade environment, changes in exchange rates and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission.

Agenda Business summary Market ASML business update Outlook and summary

Business summary

Q2 results - highlights Net sales of € 1,069 million, 43 systems shipped valued at € 923 million, service revenue at € 146 million Gross margin of 43.0% (record) Operating margin of 27.4% (record) Shipped 25 immersion systems Booked 59 systems, valued at € 1,179 million Backlog increased to € 2,401 million (record), 101 systems with ASP of € 26.7 million for new tools, including 58 immersion tools Generated € 193 million cash from operations

2005 2006 2007 2008 2009 2010 Q1 685 629 949 919 183 742 Q2 763 942 930 844 277 1069 Q3 533 958 934 697 555 Q4 548 1053 955 494 581 2369 Total net sales M€ 2,529 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954 1,596 Guidance: 2010 sales to grow 10 - 15% above historical peak of € 3.8 billion

Net system sales breakdown in value: Q2 2010 DRAM NAND Foundry IDM R&D East 43 20 25 12 West North End-use Foundry 25% Numbers have been rounded for readers' convenience. Technology ArF immersion 83% ArF dry 3% Taiwan Korea U.S.A Europe Japan Singapore China Stp 24 33 16 10 8 5 4 West North USA 16% Korea 33% ArF immersion ArF dry KrF I-Line Q1 25 2 12 4 Sales in Units Region Singapore 5% Taiwan 24% DRAM 43% IDM 12% Japan 8% KrF 11% I-Line 1% China 4% ArF immersion KrF ArF dry I line East 85 11 3 1 West North Europe 10% ArF Immersion 85% NAND 20% Assuming hybrid memory fabs to produce DRAM

Consolidated statements of operations M€ Numbers have been rounded for readers' convenience.

Key financial trends 2009 - 2010 Consolidated statements of operations M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity.

Cash flows M€ Numbers have been rounded for readers' convenience.

Balance sheets M€ Numbers have been rounded for readers' convenience.

77 % of backlog or € 1,859 million system sales carry shipment dates in the next 6 months Booked 48 new tools at € 1,145 million, 11 used at € 34 million Note: Due to possible customer changes in delivery schedules and to cancellation of orders, our backlog at any particular date is not necessarily indicative of actual sales for any succeeding period. Numbers have been rounded for readers' convenience. Backlog as of June 27, 2010

Backlog: value and litho units Backlog Jan 04 Apr 04 Jul 04 Oct 04 Jan 05 Apr 05 Jul 05 Oct 05 Jan 06 Apr 06 Jul 06 Oct 06 Jan 07 Apr 07 Jul 07 Oct 07 Jan 08 Apr 08 Jul 08 Oct 08 Jan 09 4/9/2009 Jul 09 Oct 09 Jan 10 Apr 10 Jul 10 Backlog value 993 1357 1800 2053 1691 1377 987 1245 1434 1596 1830 2126 2146 2163 1745 1769 1697 1167 1106 1028 755 853 1064 1356 1853 2170 2401 Units 124 163 174 183 131 107 80 87 95 106 127 151 163 148 109 90 89 65 59 53 41 38 43 54 69 85 101 Backlog in units

Korea Taiwan USA Japan Singapore Europe China 17 31 24 8 2 9 9 DRAM IDM Foundry NAND 44 28 11 0 15 0 immersion KrF 1-line ArF dry 81 16 1 2 Backlog in value per June 27, 2010 Total value M€ 2,401 Technology ArF immersion 81% KrF 16% I-Line 1% Region USA 24% Taiwan 31% Korea 17% Europe 9% Japan 8% End-use DRAM 44% IDM 28% Foundry 13% Numbers have been rounded for readers' convenience. Singapore 2% 58% NXT 23% XT China 9% ArF dry 2% NAND 15% For hybrid memory fabs assuming 75% for DRAM, 25% for NAND

DRAM idm foundry NAND 20 41 27 12 Bookings activity by sector - total value M€ 1,179 DRAM idm foundry NAND 20 45 22 13 Bookings in value Bookings in units IDM 45% Foundry 22% DRAM 20% IDM 41% Foundry 27% DRAM 20% NAND 12% NAND 13% For hybrid memory fabs assuming 75% for DRAM, 25% for NAND

Market

More devices, bigger market in mobile Source: Morgan Stanley, The Mobile Internet Report, Dec 2009 10 1,000 100 10,000 100,000 1,000,000 0 1960 1970 1980 1990 2000 2010 2020 Devices/Users (MM in Log Scale) 1 Minicomputers 10MM+ Units PC 100MM+ Units Desktop Internet 1B+ Units / Users Mobile Internet 10B+ Users Mainframes 1MM+ Units Computing growth drivers over time, 1960 - 2020E More than Just phones Smartphone Kindle Tablet MP3 Cell phone / PDA Car Electronics GPS, ABS, A/V Mobile Video Home entertainment Games Wireless home appliances Increasing integration

Market overview Semiconductor unit growth back to historical trend, catch up capacity investments required in all sectors after a long period of slow capacity growth Share of new technology nodes in total semiconductor market accelerating as shrink continues to enable reduced chip cost and increased bit growth New technologies nodes require much more immersion layers and litho tool capacity than actual installed base allows

Semiconductor revenue outlook 2010 is +28% and +10% in 2011 Sources: See chart (7/10) Weighted average is based on age of forecast from market institute and respective level of accuracy for the last 3 years. 2010 Semiconductor revenue growth forecast over time 0% 5% 10% 15% 20% 25% 30% 35% Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Date of Forecast YoY Semiconductor revenue growth Future Horizons SIA Semico Dataquest IC Insights WSTS iSuppli VLSI Research AVERAGE

Accelerated technology transitions per sector Source: ASML (4/10) DRAM: Expanding 4x nm node production capacity in 2010, preparing for 3x nm node in 2011 NAND: Current advanced volume chip production at 3x nm node, ramping 2x nm node in 2011 Logic: Available production capacity at 6x and 4x nm node, starting 3x nm node in 2011 MPU: Production at 3x node in 2010 and starting 2x nm node production in 2011

NAND 0 1 2 3 4 5 6 7 8 2008 2009 2010 2011 Immersion Exposures Snapshot based on average customer product mix (300mm) and layer stacks Increasing number of critical exposures in sub 50 nm nodes require more immersion tools DRAM 0 1 2 3 4 5 6 7 8 2008 2009 2010 2011 Immersion Exposures LOGIC 0 1 2 3 4 5 6 7 8 2008 2009 2010 2011 Immersion Exposures MPU 0 2 4 6 8 10 12 14 2008 2009 2010 2011 Immersion Exposures

Source: ASML Simulation model (6/10) Capacity additions and technology transitions expected in 2011 to meet forecasted DRAM demand* * Litho demand consistent with Gartner bit growth demand forecast of 50% in 2010 and 52% in 2011 Wafer Starts [300 mm equiv. KWSM] DRAM WW monthly wafer production split by node 0 200 400 600 800 1000 1200 1400 1600 8x nm - 200 mm 9x nm - 200 mm 1XX nm - 200 mm Max. capacity 6x nm 8x nm 9x nm 2x nm 3x nm 4x nm 5x nm Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 2010 2011

Similar pattern in NAND demand* NAND WW monthly wafer starts split by node Wafer Starts [300 mm equiv. KWSM] Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 2010 2011 Source: ASML Simulation Model (6/10) * Litho demand consistent with Gartner bit growth demand forecast of 70% in 2010 and 76% in 2011 0 200 400 600 800 1000 1200 1400

Entire Logic/MPU segment has been reducing capacity since 2005! *includes 100, 125, 150 and 200 mm fabs Total (foundry + logic/MPU) capacity: Retirement analysis 300 mm ^ 200 mm (including retirement or transfer) 200 + 300 mm combined (incl. retirement) 0 250 500 750 1000 1250 1500 1750 2000 2250 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Wafer capacity (300 mm equiv. KWSM) About 60 KWSM (300 mm equiv.) Logic & MPU capacity per year retired or transferred to another segment for ^200 mm fabs Source: Gartner (4/10), SEMI (3/10)

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 2010 2011 Logic builds capacity to meet forecasted demand Logic+DSP+MCU 300mm WW monthly wafer starts split by node Source: ASML Simulation model (6/10) Estimated unit growth 20% in 2010 and 17% in 2011 0 100 200 300 400 500 600 700 800 Wafer KWSM 6x nm 9x nm 130 nm 2x nm 3x nm 4x nm 5x nm

Semiconductor manufacturers need new factories Publicly announced new fabs with ramp starting in 2010/2011 Hybrid memory (DRAM and NAND) - 1 fab NAND - 2 fabs Foundry/Logic - 5 fabs Under discussion Hybrid memory - 1 fab DRAM - 2 fabs MPU - 1 fab Foundry - 2 fabs

ASML business update

TWINSCAN NXT maturing for volume chip manufacturing Volume semiconductor production started on TWINSCAN NXT at several customers Proven industry leading performance of CD imaging uniformity well below 1 nm and overlay of less than 2 nm Booked 15 systems in Q2 Backlog 38 systems end Q2 Around 500,000 wafers have been exposed on NXT machines

Holistic litho products Rapid customer adoption All leading edge scanners sold includes one or more holistic litho components High demand for field upgrades Positive effect on both system and service sales Optimizes manufacturing tolerances while shrinking chip features and provide faster start production of new chip designs

EUV - NXE:3100 six machines to ship in next 12 months Completing integration tests

Outlook and summary

Q3 2010 outlook Net sales expected around € 1.1 billion Gross margin expected of about 43% in Q3 R&D is expected at € 137 million net of credits SG&A is expected at € 50 million Q3 bookings levels anticipated around € 1.3 billion ASML 2010 sales expectations revised upward to 10% - 15% above the peak sales level of € 3.8 billion with operating leverage providing record profitability

EX-99.3

Exhibit 99.3

ASML — Summary U.S. GAAP Consolidated Statements of Operations ^1,2

	Three months ended,						Six months ended,
(in millions EUR, except per share data)	Jun 28, 2009			Jun 27, 2010			Jun 28, 2009			Jun 27, 2010
Net system sales		183.3			923.0			284.4			1,554.6
Net service and field option sales		93.3			145.7			175.8			255.9
Total net sales		276.6			1,068.7			460.2			1,810.5
Cost of sales		242.2			609.3			413.4			1,052.5
Gross profit on sales		34.4			459.4			46.8			758.0
Research and development costs		117.9			125.3			236.2			245.6
Selling, general and administrative costs3		40.3			41.7			80.7			83.1
Income (loss) from operations		(123.8	)		292.4			(270.1	)		429.3
Interest expense3		(0.9	)		(2.7	)		(2.6	)		(5.5	)
Income (loss) from operations before income taxes		(124.7	)		289.7			(272.7	)		423.8
(Provision for) benefit from income taxes		20.7			(50.5	)		51.5			(77.3	)
Net income (loss)		(104.0	)		239.2			(221.2	)		346.5
Basic net income (loss) per ordinary share		(0.24	)		0.55			(0.51	)		0.80
Diluted net income (loss) per ordinary share4		(0.24	)		0.54			(0.51	)		0.79
Number of ordinary shares used in computing per share amounts (in millions):
Basic		432.5			435.1			432.3			434.6
Diluted4		432.5			438.9			432.3			438.3

ASML — Ratios and Other Data ^1,2

	Three months ended,						Six months ended,
	Jun 28, 2009			Jun 27, 2010			Jun 28, 2009			Jun 27, 2010
Gross profit as a % of net sales		12.5			43.0			10.2			41.9
Income (loss) from operations as a % of net sales 3		(44.7	)		27.4			(58.7	)		23.7
Net income (loss) as a % of net sales		(37.6	)		22.4			(48.1	)		19.1
Shareholders’ equity as a % of total assets 3		47.2			42.7			47.2			42.7
Income taxes as a % of income before income taxes		(16.6	)		(17.4	)		(18.9	)		(18.3	)
Sales of systems (in units)		10			43			21			77
ASP of systems sales (EUR million)		18.3			21.5			13.5			20.2
Value of systems backlog (EUR million)		1,064			2,401			1,064			2,401
Systems backlog (in units)		43			101			43			101
ASP of systems backlog (EUR million)		24.7			23.8			24.7			23.8
Value of booked systems (EUR million)		394			1,179			601			2,183
Net bookings (in units)		15			59			23			109
ASP of booked systems (EUR million)		26.3			20.0			26.1			20.0
Number of payroll employees in FTEs		6,597			6,691			6,597			6,691
Number of temporary employees in FTEs		868			1,500			868			1,500

ASML — Summary U.S. GAAP Consolidated Balance Sheets ^1,2

(in millions EUR)	Dec 31, 2009		Jun 27, 2010
ASSETS
Cash and cash equivalents		1,037.1		1,188.6
Accounts receivable, net		377.4		811.5
Finance receivables, net		21.6		—
Current tax assets		11.3		74.7
Inventories, net		963.4		1,309.3
Deferred tax assets		119.4		100.7
Other assets		218.7		248.7
Total current assets		2,748.9		3,733.5
Deferred tax assets		133.3		126.4
Other assets		77.0		94.4
Goodwill		131.5		153.2
Other intangible assets, net		18.1		16.4
Property, plant and equipment, net 3		655.4		742.8
Total non-current assets		1,015.3		1,133.2
Total assets		3,764.2		4,866.7
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities		1,044.2		1,782.7
Accrued liabilities and other liabilities		44.3		57.3
Deferred and other tax liabilities		188.4		205.0
Provisions		12.7		13.8
Long-term debt3		699.8		728.6
Total non-current liabilities		945.2		1,004.7
Total liabilities		1,989.4		2,787.4
Shareholders’ equity		1,774.8		2,079.3
Total liabilities and shareholders’ equity		3,764.2		4,866.7

ASML — Summary U.S. GAAP Consolidated Statements of Cash Flows ^1,2

	Three months ended,						Six months ended,
(in millions EUR)	Jun 28, 2009			Jun 27, 2010			Jun 28, 2009			Jun 27, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		(104.0	)		239.2			(221.2	)		346.5
Depreciation and amortization 3		35.1			36.2			73.8			70.9
Impairment		4.4			0.7			7.0			1.5
Loss on disposals of property, plant and equipment		(0.4	)		1.0			2.2			1.6
Share-based payments		2.6			2.4			6.1			5.2
Allowance for doubtful debts		1.1			—			1.1			0.2
Allowance for obsolete inventory		43.9			21.2			66.0			35.0
Deferred income taxes		(31.2	)		6.1			(58.2	)		29.8
Change in assets and liabilities		110.7			(113.8	)		268.0			(256.6	)
Net cash provided by operating activities		62.2			193.0			144.8			234.1
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(39.9	)		(18.0	)		(83.8	)		(25.2	)
Proceeds from sale of property, plant and equipment		5.7			—			6.9			—
Net cash used in investing activities		(34.2	)		(18.0	)		(76.9	)		(25.2	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid		(86.5	)		(87.0	)		(86.5	)		(87.0	)
Net proceeds from issuance of shares and stock options		0.4			7.8			0.5			18.2
Excess tax benefits from stock options		0.5			—			0.3			—
Net proceeds from other long-term debt		0.1			—			0.1			—
Redemption and/or repayment of debt 3		(0.4	)		(0.3	)		(0.8	)		(0.7	)
Net cash used in financing activities		(85.9	)		(79.5	)		(86.4	)		(69.5	)
Net cash flows		(57.9	)		95.5			(18.5	)		139.4
Effect of changes in exchange rates on cash		(0.4	)		5.8			2.0			12.1
Net increase (decrease) in cash & cash equivalents		(58.3	)		101.3			(16.5	)		151.5

ASML — Quarterly Summary U.S. GAAP Consolidated Statements of Operations ^1,2

	Three months ended,
	Jun 28,			Sep 27,			Dec 31,			Mar 28,			Jun 27,
(in millions EUR, except per share data)	2009			2009			2009			2010			2010
Net system sales		183.3			458.7			431.8			631.6			923.0
Net service and field option sales		93.3			96.6			148.8			110.2			145.7
Total net sales		276.6			555.3			580.6			741.8			1,068.7
Cost of sales		242.2			364.0			360.3			443.2			609.3
Gross profit on sales		34.4			191.3			220.3			298.6			459.4
Research and development costs		117.9			115.2			115.4			120.3			125.3
Selling, general and administrative costs3		40.3			37.5			36.5			41.4			41.7
Income (loss) from operations		(123.8	)		38.6			68.4			136.9			292.4
Interest expense3		(0.9	)		(2.4	)		(3.5	)		(2.8	)		(2.7	)
Income (loss) from operations before income taxes		(124.7	)		36.2			64.9			134.1			289.7
(Provision for) benefit from income taxes		20.7			(16.4	)		(14.4	)		(26.8	)		(50.5	)
Net income (loss)		(104.0	)		19.8			50.5			107.3			239.2
Basic net income (loss) per ordinary share		(0.24	)		0.05			0.12			0.25			0.55
Diluted net income (loss) per ordinary share4		(0.24	)		0.05			0.12			0.25			0.54
Number of ordinary shares used in computing per share amounts (in millions):
Basic		432.5			432.7			433.2			434.0			435.1
Diluted4		432.5			435.0			437.0			437.9			438.9

ASML — Quarterly Summary Ratios and other data ^1,2

	Three months ended,
	Jun 28,			Sep 27,			Dec 31,			Mar 28,			Jun 27,
	2009			2009			2009			2010			2010
Gross profit as a % of net sales		12.5			34.4			38.0			40.3			43.0
Income (loss) from operations as a % of net sales3		(44.7	)		6.9			11.8			18.5			27.4
Net income (loss) as a % of net sales		(37.6	)		3.6			8.7			14.5			22.4
Shareholders’ equity as a % of total assets3		47.2			47.3			47.1			41.2			42.7
Income taxes as a % of income before income taxes		(16.6	)		(45.4	)		(22.2	)		(20.0	)		(17.4	)
Sales of systems (in units)		10			24			25			34			43
ASP of system sales (EUR million)		18.3			19.1			17.3			18.6			21.5
Value of systems backlog (EUR million)		1,064			1,353			1,853			2,170			2,401
Systems backlog (in units)		43			54			69			85			101
ASP of systems backlog (EUR million)		24.7			25.1			26.8			25.5			23.8
Value of booked systems (EUR million)		394			777			956			1,004			1,179
Net bookings (in units)		15			35			40			50			59
ASP of booked systems (EUR million)		26.3			22.2			23.9			20.1			20.0
Number of payroll employees in FTEs		6,597			6,529			6,548			6,591			6,691
Number of temporary employees in FTEs		868			917			1,137			1,331			1,500

ASML — Quarterly Summary U.S. GAAP Consolidated Balance Sheets ^1,2

	Jun 28,		Sep 27,		Dec 31,		Mar 28,		Jun 27,
(in millions EUR)	2009		2009		2009		2010		2010
ASSETS
Cash and cash equivalents		1,092.7		1,018.0		1,037.1		1,087.3		1,188.6
Accounts receivable, net		213.5		382.1		377.4		629.8		811.5
Finance receivables, net		0.1		21.1		21.6		23.3		—
Current tax assets		—		—		11.3		37.5		74.7
Inventories, net		926.1		882.4		963.4		1,155.5		1,309.3
Deferred tax assets		70.5		69.0		119.4		107.5		100.7
Other assets		220.2		224.2		218.7		247.3		248.7
Total current assets		2,523.1		2,596.8		2,748.9		3,288.2		3,733.5
Finance receivables, net		20.6		—		—		—		—
Deferred tax assets		198.9		193.5		133.3		127.9		126.4
Other assets		53.8		68.1		77.0		99.1		94.4
Goodwill		134.5		128.6		131.5		141.1		153.2
Other intangible assets, net		22.3		19.0		18.1		17.8		16.4
Property, plant and equipment, net 3		629.3		598.7		655.4		720.7		742.8
Total non-current assets		1,059.4		1,007.9		1,015.3		1,106.6		1,133.2
Total assets		3,582.5		3,604.7		3,764.2		4,394.8		4,866.7
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities		940.9		949.3		1,044.2		1,613.0		1,782.7
Accrued liabilities and other liabilities		45.6		44.7		44.3		45.9		57.3
Deferred and other tax liabilities		200.6		193.7		188.4		200.1		205.0
Provisions		14.8		13.5		12.7		13.0		13.8
Long-term debt 3		689.3		697.2		699.8		711.8		728.6
Total non-current liabilities		950.3		949.1		945.2		970.8		1,004.7
Total liabilities		1,891.2		1,898.4		1,989.4		2,583.8		2,787.4
Shareholders’ equity		1,691.3		1,706.3		1,774.8		1,811.0		2,079.3
Total liabilities and shareholders’ equity		3,582.5		3,604.7		3,764.2		4,394.8		4,866.7

ASML — Quarterly Summary U.S. GAAP Consolidated Statements of Cash Flows ^1,2

	Three months ended,
	Jun 28,			Sep 27,			Dec 31,			Mar 28,			Jun 27,
(in millions EUR)	2009			2009			2009			2010			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		(104.0	)		19.8			50.5			107.3			239.2
Depreciation and amortization 3		35.1			33.8			34.0			34.7			36.2
Impairment		4.4			8.6			0.3			0.8			0.7
Loss (gain) on disposals of property, plant and equipment		(0.4	)		0.9			1.0			0.6			1.0
Share-based payments		2.6			2.8			4.5			2.8			2.4
Allowance for doubtful debts		1.1			0.7			0.1			0.2			—
Allowance for obsolete inventory		43.9			13.2			7.4			13.8			21.2
Deferred income taxes		(31.2	)		(4.5	)		13.3			23.7			6.1
Change in assets and liabilities		110.7			(140.3	)		(91.7	)		(142.8	)		(113.8	)
Net cash provided by (used in) operating activities		62.2			(65.0	)		19.4			41.1			193.0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(39.9	)		(13.5	)		(7.7	)		(7.2	)		(18.0	)
Proceeds from sale of property, plant and equipment		5.7			—			—			—			—
Net cash used in investing activities		(34.2	)		(13.5	)		(7.7	)		(7.2	)		(18.0	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid		(86.5	)		—			—			—			(87.0	)
Net proceeds from issuance of shares and stock options		0.4			4.2			6.4			10.4			7.8
Excess tax benefits from stock options		0.5			0.7			1.0			—			—
Net proceeds from other long-term debt		0.1			—			—			—			—
Redemption and/or repayment of debt 3		(0.4	)		(0.4	)		(0.4	)		(0.4	)		(0.3	)
Net cash provided by (used in) financing activities		(85.9	)		4.5			7.0			10.0			(79.5	)
Net cash flows		(57.9	)		(74.0	)		18.7			43.9			95.5
Effect of changes in exchange rates on cash		(0.4	)		(0.7	)		0.4			6.3			5.8
Net increase (decrease) in cash & cash equivalents		(58.3	)		(74.7	)		19.1			50.2			101.3

ASML — Notes to the Summary U.S. GAAP Consolidated Financial Statements

Basis of Presentation

ASML follows accounting principles generally accepted in the United States of America (“U.S. GAAP”). Further disclosures, as required under U.S. GAAP in annual reports, are not included in the summary consolidated financial statements. Unless stated otherwise, the accompanying consolidated financial statements are stated in thousands of euros (‘EUR’).

Principles of consolidation

The consolidated financial statements include the accounts of ASML Holding N.V. and all of its majority-owned subsidiaries. Subsidiaries are all entities over which ASML has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. All intercompany profits, balances and transactions have been eliminated in the consolidation.

Use of estimates

The preparation of ASML’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities on the balance sheet dates and the reported amounts of revenue and expense during the reported periods. Actual results could differ from those estimates.

Recognition of revenues

ASML recognizes revenue when all four revenue recognition criteria are met: persuasive evidence of an arrangement exists; delivery has occurred or services have been rendered; seller’s price to buyer is fixed or determinable; and collectability is reasonably assured. At ASML, this policy generally results in revenue recognition from the sale of a system upon shipment. The revenue from the installation of a system is generally recognized upon completion of that installation at the customer site. Each system undergoes, prior to shipment, a “Factory Acceptance Test” in ASML’s cleanroom facilities, effectively replicating the operating conditions that will be present on the customer’s site, in order to verify whether the system will meet its standard specifications and any additional technical and performance criteria agreed with the customer, if any. A system is shipped, and revenue is recognized, only after all specifications are met and customer sign-off is received or waived. Where not all specifications are met and the remaining performance obligation is not essential to the functionality of the system but substantive rather than inconsequential or perfunctory a portion of the sales price is deferred. Although each system’s performance is re-tested upon installation at the customer’s site, ASML has never failed to successfully complete installation of a system at a customer’s premises.

For arrangements containing multiple elements, the revenue relating to the undelivered elements is deferred at estimated fair value until delivery of those elements. Revenue from installation services and service contracts provided to our customers is initially deferred and is recognized when the installation is completed and, in case of service contracts, over the life of those contracts. Revenue from extended and enhanced warranties is recognized in income on a straight-line basis over the contract period. The costs of providing services under extended and enhanced warranties are recognized when they occur.

Foreign currency risk management

The Company uses the euro as its invoicing currency in order to limit exposure to foreign currency movements. Exceptions may occur on a customer by customer basis. To the extent that invoicing is done in a currency other than the euro, the Company is exposed to foreign currency risk.

It is the Company’s policy to hedge material transaction exposures, such as sales transactions and forecasted purchase transactions. The Company hedges these exposures through the use of currency contracts.

It is the Company’s policy to hedge material remeasurement exposures. The net exposures from certain monetary assets and liabilities in non-functional currencies are hedged with forward contracts.

As of June 27, 2010, equity includes EUR 88.2 million loss (net of taxes: EUR 65.7; December 31, 2009 EUR 41.8 million loss) representing the total anticipated loss to be charged to sales, and EUR 12.6 million gain (net of taxes: EUR 9.4 million gain; December 31, 2009 EUR 0.5 million gain) to be released to cost of sales, which will offset the higher EUR equivalent of foreign currency denominated forecasted sales and purchase transactions.

ASML — Reconciliation U.S. GAAP — IFRS ^1,2

Net income	Three months ended,						Six months ended,
(in thousands EUR)	Jun 28, 2009			Jun 27, 2010			Jun 28, 2009			Jun 27, 2010
Net income (loss) under U.S. GAAP		(104.0	)		239.2			(221.2	)		346.5
Share-based payments (see Note 1)		1.4			0.1			0.9			0.2
Development costs (see Note 2)		21.8			10.1			33.3			12.1
Reversal of write-downs (see Note 3)		—			3.5			—			0.2
Income taxes (see Note 4)		(0.4	)		(0.3	)		(2.0	)		(5.1	)
Net income (loss) under IFRS		(81.2	)		252.6			(189.0	)		353.9

Shareholders’ equity	Jun 28,			Sep 27,			Dec 31,		Mar 28,		Jun 27,
(in thousands EUR)	2009			2009			2009		2010		2010
Shareholders’ equity under U.S. GAAP		1,691.3			1,706.3			1,774.8		1,811.0		2,079.3
Share-based payments (see Note 1)		(4.9	)		(0.5	)		2.4		3.5		0.5
Development costs (see Note 2)		235.9			259.7			251.5		255.8		269.1
Reversal of write-downs (see Note 3)		—			28.5			17.1		13.8		17.3
Income taxes (see Note 4)		2.8			1.4			5.0		0.8		1.2
Shareholders’ equity under IFRS		1,925.1			1,995.4			2,050.8		2,084.9		2,367.4

Notes to the reconciliation from U.S. GAAP to IFRS

Note 1 Share-based Payments

Under IFRS, ASML applies IFRS 2, “Share-based Payments” beginning from January 1, 2004. In accordance with IFRS 2, ASML records as an expense the fair value of its share-based payments with respect to stock options and stock granted to its employees after November 7, 2002. Under IFRS, at period end a deferred tax asset is computed on the basis of the tax deduction for the share-based payments under the applicable tax law and is recognized to the extent it is probable that future taxable profit will be available against which these deductible temporary differences will be utilized. Therefore, changes in the Company’s share price do affect the deferred tax asset at period-end and result in adjustments to the deferred tax asset.

As of January 1, 2006, ASML applies ASC 718 “Compensation- Stock Compensation” which requires companies to recognize the cost of employee services received in exchange for awards of equity instruments based upon the grant-date fair value of those instruments. ASC 718’s general principle is that a deferred tax asset is established as the Company recognizes compensation costs for commercial purposes for awards that are expected to result in a tax deduction under existing tax law. Under U.S. GAAP, the deferred tax recorded on share-based compensation is computed on the basis of the expense recognized in the financial statements. Therefore, changes in the Company’s share price do not affect the deferred tax asset recorded in the Company’s financial statements.

Note 2 Development costs

Under IFRS, ASML applies IAS 38, “Intangible Assets”. In accordance with IAS 38, ASML capitalizes certain development expenditures that are amortized over the expected useful life of the related product generally ranging between one and three years. Amortization starts when the developed product is ready for volume production.

Under U.S. GAAP, ASML applies ASC 730, “Research and Development”. In accordance with ASC 730, ASML charges costs relating to research and development to operating expense as incurred.

Note 3 Reversal of write-downs

Under IFRS, ASML applies IAS 2 (revised), “Inventories”. In accordance with IAS 2, reversal of a prior period write-down as a result of a subsequent increase in value of inventory should be recognized in the period in which the value increase occurs.

Under U.S. GAAP, ASML applies ASC 330 Inventory. In accordance with ASC 330 reversal of a write-down is prohibited as a write-down creates a new cost basis.

Note 4 Income taxes

Under IFRS, ASML applies IAS 12, “Income Taxes” beginning from January 1, 2005. In accordance with IAS 12 unrealized net income resulting from intercompany transactions that are eliminated from the carrying amount of assets in consolidation give rise to a temporary difference for which deferred taxes must be recognized in consolidation. The deferred taxes are calculated based on the tax rate applicable in the purchaser’s tax jurisdiction.

Under U.S. GAAP, the elimination of unrealized net income from intercompany transactions that are eliminated from the carrying amount of assets in consolidation give rise to a temporary difference for which prepaid taxes must be recognized in consolidation. Contrary to IFRS, the prepaid taxes under U.S. GAAP are calculated based on the tax rate applicable in the seller’s rather than the purchaser’s tax jurisdiction.

“Safe Harbor” Statement under the US Private Securities Litigation Reform Act of 1995: the matters discussed in this document may include forward-looking statements, including statements made about our outlook, realization of backlog, IC unit demand, financial results, average selling price, gross margin and expenses. These forward looking statements are subject to risks and uncertainties including, but not limited to: economic conditions, product demand and semiconductor equipment industry capacity, worldwide demand and manufacturing capacity utilization for semiconductors (the principal product of our customer base), including the impact of general economic conditions on consumer confidence and demand for our customers’ products, competitive products and pricing, the impact of manufacturing efficiencies and capacity constraints, the pace of new product development and customer acceptance of new products, our ability to enforce patents and protect intellectual property rights, the risk of intellectual property litigation, availability of raw materials and critical manufacturing equipment, trade environment, changes in exchange rates and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission.

1	This press release is unaudited.
2	Numbers have been rounded.
3	As of January 1, 2010 ASML adopted ASC 810 “Amendments to FIN 46(R)” which resulted in the consolidation of the Variable Interest Entity which owns ASML’s headquarters located in The Netherlands. The comparative figures have been adjusted to reflect this change in accounting policy. As of January 1, 2010 the total impact on Property, plant and equipment and Long-term debt amounts to EUR 36.7 million.
4	The calculation of diluted net income per ordinary share assumes the exercise of options issued under ASML stock option plans for periods in which exercise would have a dilutive effect. The calculation of diluted net income per ordinary share does not assume exercise of such options when such exercise would be antidilutive.

EX-99.4

Exhibit 99.4

ASML — Summary IFRS Consolidated Income Statement ^1,2

	Three months ended,						Six months ended,
(in millions EUR)	Jun 28, 2009			Jun 27, 2010			Jun 28, 2009			Jun 27, 2010
Net system sales		183.3			923.0			284.4			1,554.6
Net service and field option sales		93.3			145.7			175.8			255.9
Total net sales		276.6			1,068.7			460.2			1,810.5
Cost of sales		248.6			648.0			444.9			1,124.6
Gross profit on sales		28.0			420.7			15.3			685.9
Research and development costs		82.5			87.4			160.5			176.3
Selling, general and administrative costs 3		38.2			43.0			79.6			83.0
Operating income (loss)		(92.7	)		290.3			(224.8	)		426.6
Interest income (charges) 3		(1.9	)		(3.5	)		0.7			(9.4	)
Income (loss) before income taxes		(94.6	)		286.8			(224.1	)		417.2
(Provision for) benefit from income taxes		13.4			(34.2	)		35.1			(63.3	)
Net income (loss)		(81.2	)		252.6			(189.0	)		353.9

ASML — Summary IFRS Consolidated Statement of Financial Position ^1,2

(in millions EUR)	Dec 31, 2009		Jun 27, 2010
ASSETS
Property, plant and equipment 3		662.2		749.4
Goodwill		139.6		162.8
Other intangible assets		346.9		350.6
Deferred tax assets		266.7		229.1
Derivative financial instruments		55.9		71.2
Other assets		16.1		18.6
Total non-current assets		1,487.4		1,581.7
Inventories		986.4		1,327.8
Current tax assets		11.3		74.7
Derivative financial instruments		47.4		34.6
Finance receivables		21.6		—
Accounts receivable		377.4		811.5
Other assets		145.9		176.7
Cash and cash equivalents		1,037.1		1,188.6
Total current assets		2,627.1		3,613.9
Total assets		4,114.5		5,195.6
EQUITY AND LIABILITIES
Equity		2,050.8		2,367.4
Long-term debt 3		705.0		730.7
Derivative financial instruments		1.9		3.2
Deferred and other tax liabilities		264.0		248.8
Provisions		12.7		13.8
Accrued liabilities and other liabilities		42.4		54.2
Total non-current liabilities		1,026.0		1,050.7
Provisions		2.5		2.7
Derivative financial instruments		15.6		56.8
Current tax liabilities		15.0		13.3
Accrued liabilities and other liabilities		798.4		1,128.8
Accounts payable		206.2		575.9
Total non-current liabilities		1,037.7		1,777.5
Total equity and liabilities		4,114.5		5,195.6

ASML — Summary IFRS Consolidated Statement of Cash Flows ^1,2

	Three months ended,						Six months ended,
(in millions EUR)	Jun 28, 2009			Jun 27, 2010			Jun 28, 2009			Jun 27, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		(81.2	)		252.6			(189.0	)		353.9
Depreciation and amortization 3		42.1			70.0			106.6			134.3
Loss on disposals of property, plant and equipment		(0.4	)		1.0			2.2			1.6
Impairment charges		4.4			7.9			7.0			8.7
Share-based payments		2.6			2.4			6.1			5.2
Allowance for doubtful debts		1.1			—			1.1			0.2
Allowance for obsolete inventory		43.9			14.5			66.0			16.9
Change in assets and liabilities		87.3			(115.7	)		224.2			(213.9	)
Net cash provided by operating activities		99.8			232.7			224.2			306.9
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(39.9	)		(18.0	)		(83.8	)		(25.2	)
Proceeds from sale of property, plant and equipment		5.7			—			6.9			—
Purchases of intangible assets		(35.4	)		(37.9	)		(75.7	)		(69.3	)
Net cash used in investing activities		(69.6	)		(55.9	)		(152.6	)		(94.5	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid		(86.5	)		(87.0	)		(86.5	)		(87.0	)
Net proceeds from issuance of shares and stock options		0.4			7.8			0.5			18.2
Net proceeds from other long term debt		0.1			—			0.1			—
Redemption and / or repayment of debt 3		(2.1	)		(2.1	)		(4.2	)		(4.2	)
Net cash used in financing activities		(88.1	)		(81.3	)		(90.1	)		(73.0	)
Net cash flows		(57.9	)		95.5			(18.5	)		139.4
Effect of changes in exchange rates on cash		(0.4	)		5.8			2.0			12.1
Net increase (decrease) in cash & cash equivalents		(58.3	)		101.3			(16.5	)		151.5

ASML — Quarterly Summary IFRS Consolidated Income Statement ^1,2

	Three months ended,
	Jun 28,			Sep 27,			Dec 31,			Mar 28,			Jun 27,
(in millions EUR)	2009			2009			2009			2010			2010
Net system sales		183.3			458.7			431.8			631.6			923.0
Net service and field option sales		93.3			96.6			148.8			110.2			145.7
Total net sales		276.6			555.3			580.6			741.8			1,068.7
Cost of sales		248.6			333.7			432.3			476.6			648.0
Gross profit on sales		28.0			221.6			148.3			265.2			420.7
Research and development costs		82.5			74.5			69.7			88.9			87.4
Selling, general and administrative costs 3		38.2			36.9			40.0			40.0			43.0
Operating income (loss)		(92.7	)		110.2			38.6			136.3			290.3
Interest charges 3		(1.9	)		(2.2	)		(6.4	)		(5.9	)		(3.5	)
Income (loss) before income taxes		(94.6	)		108.0			32.2			130.4			286.8
(Provision for) benefit from income taxes		13.4			(35.2	)		2.6			(29.1	)		(34.2	)
Net income (loss)		(81.2	)		72.8			34.8			101.3			252.6

ASML — Quarterly Summary IFRS Consolidated Statement of Financial Position ^1,2

	Jun 28,		Sep 27,		Dec 31,		Mar 28,		Jun 27,
(in millions EUR)	2009		2009		2009		2010		2010
ASSETS
Property, plant and equipment 3		637.9		606.4		662.2		726.7		749.4
Goodwill		142.9		136.6		139.6		149.8		162.8
Other intangible assets		330.4		359.1		346.9		351.4		350.6
Deferred tax assets		268.7		258.7		266.7		260.6		229.1
Finance receivables		20.6		—		—		—		—
Derivative financial instruments		33.4		48.5		55.9		79.3		71.2
Other assets		15.2		14.6		16.1		15.0		18.6
Total non-current assets		1,449.1		1,423.9		1,487.4		1,582.8		1,581.7
Inventories		926.1		920.6		986.4		1,174.0		1,327.8
Current tax assets		—		—		11.3		37.5		74.7
Derivative financial instruments		37.9		44.6		47.4		33.5		34.6
Finance receivables		0.1		21.1		21.6		23.3		—
Accounts receivable		213.5		382.1		377.4		629.8		811.5
Other assets		162.1		159.1		145.9		175.2		176.7
Cash and cash equivalents		1,092.7		1,018.0		1,037.1		1,087.3		1,188.6
Total current assets		2,432.4		2,545.5		2,627.1		3,160.6		3,613.9
Total assets		3,881.5		3,969.4		4,114.5		4,743.4		5,195.6
EQUITY AND LIABILITIES
Equity		1,925.1		1,995.4		2,050.8		2,084.9		2,367.4
Long-term debt 3		697.9		704.2		705.0		715.5		730.7
Derivative financial instruments		1.0		1.7		1.9		2.4		3.2
Deferred and other tax liabilities		263.6		266.7		264.0		277.1		248.8
Provisions		14.8		13.5		12.7		13.0		13.8
Accrued liabilities and other liabilities		44.6		43.0		42.4		43.3		54.2
Total non-current liabilities		1,021.9		1,029.1		1,026.0		1,051.3		1,050.7
Provisions		2.6		2.4		2.5		2.7		2.7
Derivative financial instruments		25.0		23.5		15.6		30.0		56.8
Current tax liabilities		19.9		35.3		15.0		5.8		13.3
Accrued liabilities and other liabilities		652.4		661.5		798.4		1,190.9		1,128.8
Accounts payable		234.6		222.2		206.2		377.8		575.9
Total current liabilities		934.5		944.9		1,037.7		1,607.2		1,777.5
Total equity and liabilities		3,881.5		3,969.4		4,114.5		4,743.4		5,195.6

ASML — Quarterly Summary IFRS Consolidated Statement of Cash Flows ^1,2

	Three months ended,
	Jun 28,			Sep 27,			Dec 31,			Mar 28,			Jun 27,
(in millions EUR)	2009			2009			2009			2010			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		(81.2	)		72.8			34.8			101.3			252.6
Depreciation and amortization 3		42.1			42.4			90.6			64.3			70.0
Loss on disposals of property, plant and equipment		(0.4	)		0.9			1.0			0.6			1.0
Impairment charges		4.4			8.6			1.3			0.8			7.9
Share-based payments		2.6			2.8			4.5			2.8			2.4
Allowance for doubtful debts		1.1			0.7			0.1			0.2			—
Allowance for obsolete inventory		43.9			(25.1	)		(21.4	)		2.4			14.5
Change in assets and liabilities		87.3			(125.1	)		(43.1	)		(98.2	)		(115.7	)
Net cash provided by (used in) operating activities		99.8			(22.0	)		67.8			74.2			232.7
Purchases of property, plant and equipment		(39.9	)		(13.5	)		(7.7	)		(7.2	)		(18.0	)
Proceeds from sale of property, plant and equipment		5.7			—			—			—			—
Purchases of intangible assets		(35.4	)		(40.6	)		(45.7	)		(31.4	)		(37.9	)
Net cash used in investing activities		(69.6	)		(54.1	)		(53.4	)		(38.6	)		(55.9	)
Dividend paid		(86.5	)		—			—			—			(87.0	)
Net proceeds from issuance of shares and stock options		0.4			4.2			6.4			10.4			7.8
Net proceeds from other long-term debt		0.1			—			—			—			—
Redemption and/or repayment of debt 3		(2.1	)		(2.1	)		(2.1	)		(2.1	)		(2.1	)
Net cash provided by (used in) financing activities		(88.1	)		2.1			4.3			8.3			(81.3	)
Net cash flows		(57.9	)		(74.0	)		18.7			43.9			95.5
Effect of changes in exchange rates on cash		(0.4	)		(0.7	)		0.4			6.3			5.8
Net increase (decrease) in cash & cash equivalents		(58.3	)		(74.7	)		19.1			50.2			101.3

ASML — Notes to the Summary IFRS Consolidated Financial Statements

Basis of Presentation

ASML has prepared the accompanying summary consolidated financial statements in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the EU — accounting principles generally accepted in the Netherlands for companies quoted on Euronext Amsterdam. Further disclosures, as required under IFRS in annual reports and interim reporting (IAS 34), are not included. The accompanying consolidated financial statements are stated in thousands of euros (‘EUR’), except otherwise indicated.

For internal and external reporting purposes, ASML follows accounting principles generally accepted in the United States of America (“U.S. GAAP”). U.S. GAAP is ASML’s primary accounting standard for the Company’s setting of financial and operational performance targets.

Principles of consolidation

The consolidated financial statements include the accounts of ASML Holding N.V. and all of its majority-owned subsidiaries. Subsidiaries are all entities over which ASML has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. All intercompany profits, balances and transactions have been eliminated in the consolidation.

Use of estimates

The preparation of ASML’s consolidated financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities on the balance sheet dates and the reported amounts of revenue and expense during the reported periods. Actual results could differ from those estimates.

Recognition of revenues

In general, ASML recognizes the revenue from the sale of a system upon shipment and the revenue from the installation of a system upon completion of that installation at the customer site. Each system undergoes, prior to shipment, a “Factory Acceptance Test” in our clean room facilities, effectively replicating the operating conditions that will be present on the customer’s site, in order to verify whether the system will meet its standard specifications and any additional technical and performance criteria agreed with the customer. A system is shipped, and revenue is recognized, only after all specifications are met and customer sign-off is received or waived. Where not all specifications are met and the remaining performance obligation is not essential to the functionality of the system but substantive rather than inconsequential or perfunctory a portion of the sales price is deferred. Although each system’s performance is re-tested upon installation at the customer’s site, we have never failed to successfully complete installation of a system at a customer’s premises.

A portion of our revenue is derived from contractual arrangements with our customers that have multiple deliverables, such as installation and training services, prepaid service contracts and prepaid extended optic warranty contracts. The revenue relating to the undelivered elements of the arrangements is deferred until delivery of those elements. Revenue from installation and training services is recognized when the services are completed. Revenue from prepaid service contracts and prepaid extended optic warranty contracts is recognized over the term of the contract.

Foreign currency risk management

The Company uses the euro as its invoicing currency in order to limit exposure to foreign currency movements. Exceptions may occur on a customer by customer basis. To the extent that invoicing is done in a currency other than the euro, the Company is exposed to foreign currency risk.

It is the Company’s policy to hedge material transaction exposures, such as sales transactions and forecasted purchase transactions. The Company hedges these exposures through the use of currency contracts.

It is the Company’s policy to hedge material remeasurement exposures. The net exposures from certain monetary assets and liabilities in non-functional currencies are hedged with forward contracts.

As of June 27, 2010, equity includes EUR 88.2 million loss (net of taxes: EUR 65.7; December 31, 2009 EUR 41.8 million loss) representing the total anticipated loss to be charged to sales, and EUR 12.6 million gain (net of taxes: EUR 9.4 million gain; December 31, 2009 EUR 0.5 million gain) to be released to cost of sales, which will offset the higher EUR equivalent of foreign currency denominated forecasted sales and purchase transactions.

ASML — Reconciliation U.S. GAAP — IFRS ^1,2

Net income	Three months ended,						Six months ended,
(in thousands EUR)	Jun 28, 2009			Jun 27, 2010			Jun 28, 2009			Jun 27, 2010
Net income (loss) under U.S. GAAP		(104.0	)		239.2			(221.2	)		346.5
Share-based payments (see Note 1)		1.4			0.1			0.9			0.2
Development costs (see Note 2)		21.8			10.1			33.3			12.1
Reversal of write-downs (see Note 3)		—			3.5			—			0.2
Income taxes (see Note 4)		(0.4	)		(0.3	)		(2.0	)		(5.1	)
Net income (loss) under IFRS		(81.2	)		252.6			(189.0	)		353.9

Shareholders’ equity	Jun 28,			Sep 27,			Dec 31,		Mar 28,		Jun 27,
(in thousands EUR)	2009			2009			2009		2010		2010
Shareholders’ equity under U.S. GAAP		1,691.3			1,706.3			1,774.8		1,811.0		2,079.3
Share-based payments (see Note 1)		(4.9	)		(0.5	)		2.4		3.5		0.5
Development costs (see Note 2)		235.9			259.7			251.5		255.8		269.1
Reversal of write-downs (see Note 3)		—			28.5			17.1		13.8		17.3
Income taxes (see Note 4)		2.8			1.4			5.0		0.8		1.2
Shareholders’ equity under IFRS		1,925.1			1,995.4			2,050.8		2,084.9		2,367.4

Notes to the reconciliation from U.S. GAAP to IFRS

Note 1 Share-based Payments

Under IFRS, ASML applies IFRS 2, “Share-based Payments” beginning from January 1, 2004. In accordance with IFRS 2, ASML records as an expense the fair value of its share-based payments with respect to stock options and stock granted to its employees after November 7, 2002. Under IFRS, at period end a deferred tax asset is computed on the basis of the tax deduction for the share-based payments under the applicable tax law and is recognized to the extent it is probable that future taxable profit will be available against which these deductible temporary differences will be utilized. Therefore, changes in the Company’s share price do affect the deferred tax asset at period-end and result in adjustments to the deferred tax asset.

As of January 1, 2006, ASML applies ASC 718 “Compensation- Stock Compensation” which requires companies to recognize the cost of employee services received in exchange for awards of equity instruments based upon the grant-date fair value of those instruments. ASC 718’s general principle is that a deferred tax asset is established as the Company recognizes compensation costs for commercial purposes for awards that are expected to result in a tax deduction under existing tax law. Under U.S. GAAP, the deferred tax recorded on share-based compensation is computed on the basis of the expense recognized in the financial statements. Therefore, changes in the Company’s share price do not affect the deferred tax asset recorded in the Company’s financial statements.

Note 2 Development costs

Under IFRS, ASML applies IAS 38, “Intangible Assets”. In accordance with IAS 38, ASML capitalizes certain development expenditures that are amortized over the expected useful life of the related product generally ranging between one and three years. Amortization starts when the developed product is ready for volume production.

Under U.S. GAAP, ASML applies ASC 730, “Research and Development”. In accordance with ASC 730, ASML charges costs relating to research and development to operating expense as incurred.

Note 3 Reversal of write-downs

Under IFRS, ASML applies IAS 2 (revised), “Inventories”. In accordance with IAS 2, reversal of a prior period write-down as a result of a subsequent increase in value of inventory should be recognized in the period in which the value increase occurs.

Under U.S. GAAP, ASML applies ASC 330 Inventory. In accordance with ASC 330 reversal of a write-down is prohibited as a write-down creates a new cost basis.

Note 4 Income taxes

Under IFRS, ASML applies IAS 12, “Income Taxes” beginning from January 1, 2005. In accordance with IAS 12 unrealized net income resulting from intercompany transactions that are eliminated from the carrying amount of assets in consolidation give rise to a temporary difference for which deferred taxes must be recognized in consolidation. The deferred taxes are calculated based on the tax rate applicable in the purchaser’s tax jurisdiction.

Under U.S. GAAP, the elimination of unrealized net income from intercompany transactions that are eliminated from the carrying amount of assets in consolidation give rise to a temporary difference for which prepaid taxes must be recognized in consolidation. Contrary to IFRS, the prepaid taxes under U.S. GAAP are calculated based on the tax rate applicable in the seller’s rather than the purchaser’s tax jurisdiction.

“Safe Harbor” Statement under the US Private Securities Litigation Reform Act of 1995: the matters discussed in this document may include forward-looking statements, including statements made about our outlook, realization of backlog, IC unit demand, financial results, average selling price, gross margin and expenses. These forward looking statements are subject to risks and uncertainties including, but not limited to: economic conditions, product demand and semiconductor equipment industry capacity, worldwide demand and manufacturing capacity utilization for semiconductors (the principal product of our customer base), including the impact of general economic conditions on consumer confidence and demand for our customers’ products, competitive products and pricing, the impact of manufacturing efficiencies and capacity constraints, the pace of new product development and customer acceptance of new products, our ability to enforce patents and protect intellectual property rights, the risk of intellectual property litigation, availability of raw materials and critical manufacturing equipment, trade environment, changes in exchange rates and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission.

1	This press release is unaudited.
2	Numbers have been rounded.
3	As of January 1, 2010 ASML consolidates the Special Purpose Entity which owns ASML’s headquarters located in The Netherlands. The comparative figures have been adjusted to reflect this change in accounting policy. As of January 1, 2010 the total impact on Property, plant and equipment and Long-term debt amounts to EUR 36.7 million.