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 April 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 Announces 2010 First Quarter Results — Sustained Bookings Indicate Potential Record Revenues in 2010,” press release dated April 14, 2010
99.2	“ASML 2010 First Quarter Results — Sustained Bookings Indicate Potential Record Revenues in 2010,” presentation dated April 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, manufacturing efficiencies, new product development and customer acceptance of new products, 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: April 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 First Quarter Results
Sustained bookings indicate potential record revenues in 2010

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

• Q1 2010 net sales of EUR 742 million versus Q4 2009 net sales of EUR 581 million (Q1 2009 net sales of EUR 184 million).

• Q1 2010 net income of EUR 107 million, or 14.5 percent of net sales, versus a Q4 2009 net income of EUR 50 million or 8.7 percent of net sales (Q1 2009 net loss of EUR 117 million or 63.8 percent of net sales).

• Q1 2010 net bookings valued at EUR 1,004 million with 50 systems including 33 new and 17 used systems, leading to an order backlog valued at EUR 2,170 million as of March 28, 2010.

“Our first quarter 2010 sales rose to above EUR 740 million and bookings came in at EUR 1 billion, in line with our expectations and adding confidence in a prolonged recovery of the semiconductor industry,” said Eric Meurice, President and Chief Executive Officer of ASML. “To enable our customers’ next technology nodes, we have now shipped nine NXT:1950is, our most advanced TWINSCAN^™ dual stage scanner, having proven critical dimension (CD) imaging uniformity well below 1 nanometer (nm) and overlay of less than 2 nm, which is industry leading performance. By the end of the quarter we had 28 NXT:1950i systems in backlog and expect to ship 11 in Q2 2010. In parallel, we continue to make good progress with our next generation of optical lithography, Extreme Ultraviolet (EUV): we received our sixth order for our NXE:3100 pre-production system, confirming the appetite from all semiconductor segments for

Page 1 of 5

EUV as a production-robust, cost-effective shrink enabler for the future. The first NXE:3100s are scheduled to be shipped during the second half of 2010,” Meurice added.

Operations Update

In Q1 2010, ASML’s net sales of EUR 742 million included 23 new and 11 used systems, totaling net system sales of EUR 632 million, and net service and field options sales of EUR 110 million. Net system sales for Q4 2009 included the shipment of 19 new and 6 used machines, totaling EUR 432 million, and net service and field options sales of EUR 149 million.

The Q1 2010 average selling price for a new system was EUR 25.8 million, compared with the Q4 2009 average selling price for a new system of EUR 19.7 million. The Q1 2010 average selling price for all ASML systems sold was EUR 18.6 million, compared with the Q4 2009 average selling price of EUR 17.3 million.

Q1 2010 net bookings totaled 50 systems valued at EUR 1,004 million, including advanced immersion systems for critical layers as well as KrF systems for less critical layers mainly ordered by Foundry customers for capacity additions, with a total average selling price of EUR 20.1 million.

ASML’s order backlog as of March 28, 2010 was EUR 2,170 million, totaling 85 systems with an average selling price of EUR 25.5 million. ASML’s backlog as of December 31, 2009 was valued at EUR 1,853 million, totaling 69 systems with an average selling price of EUR 26.8 million.

In Q1 2010, ASML generated net income of EUR 107 million, or EUR 0.25 per ordinary share as compared with net income in Q4 2009 of EUR 50 million or EUR 0.12 per ordinary share.

The company’s Q1 2010 gross margin was 40.3 percent compared with the Q4 2009 gross margin of 38.0 percent.

Page 2 of 5

Q1 2010 research and development (R&D) costs were EUR 120 million including credits, compared with Q4 2009 R&D costs of EUR 115 million including credits.

As anticipated, selling, general and administrative (SG&A) costs were EUR 41 million in Q1 2010, compared with SG&A costs of EUR 36 million in Q4 2009.

Net cash from operations was EUR 41 million in Q1 2010. ASML ended Q1 2010 with EUR 1,087 million in cash and cash equivalents, compared with EUR 1,037 million at the end of Q4 2009.

Outlook

“We booked EUR 1,004 million worth of systems in the first quarter of 2010 and expect a similar level of bookings in the second quarter, confirming the semiconductor industry executing on its upturn cycle,” Eric Meurice said. “We expect this cycle to be sustained by the normal technology transitions of the early adopters, the subsequent technology conversions by second tier DRAM makers, the next Flash memory upgrade cycle anticipated for the second half of 2010, as well as Foundry’s structural capacity build at advanced nodes. This puts ASML on a track to 2010 full year sales above our 2007 peak of EUR 3.8 billion; we calculate that the lithography systems sold in 2010 will add approximately 15 percent integrated circuit (IC) unit production capacity to the semiconductor market, conforming to the demand prediction of most industry analysts. This controlled capacity increase supports the possibility of sustained growth in 2011 if IC unit growth continues per the historical trend,” Meurice said.

ASML expects Q2 2010 net sales of around EUR 1 billion, EUR 50 million higher than guided at the publication of our Q4 2009 results, and gross margin in Q2 2010 of about 42 percent. R&D expenditures are expected to be at EUR 125 million including credits and SG&A costs are expected at EUR 42 million.

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

Page 3 of 5

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 6,500 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 0884 (US participants will have to quote the following confirmation code when dialing into the conference: 1546105). 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 statements of operations, statements of cash flows and balance sheets, and a reconciliation of net income/(loss) and equity from US GAAP to IFRS are available on www.asml.com

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. Quarterly IFRS consolidated income statement, consolidated statement of cash flows, consolidated statement of financial position and a reconciliation of net income/(loss) and equity from US GAAP to IFRS are available on www.asml.com

Page 4 of 5

The consolidated balance sheets of ASML Holding N.V. as of March 28, 2010, the related consolidated statements of operations and consolidated statements of cash flows for the quarter ended March 28, 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, 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, manufacturing efficiencies, new product development and customer acceptance of new products, 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 5 of 5

EX-99.2

Exhibit 99.2

/ Slide 1 ASML 2010 First Quarter Results Sustained bookings indicate potential record revenues in 2010 April 14, 2010

/ Slide 2 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, manufacturing efficiencies, new product development and customer acceptance of new products, 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.

/ Slide 3 Agenda Business summary Market ASML business update Outlook and summary

/ Slide 4 Business summary

/ Slide 5 Q1 results - highlights Net sales of € 742 million, 34 systems shipped valued at € 632 million, service revenue at € 110 million Average selling price for new systems shipped is € 25.8 million Gross Margin of 40.3% Shipped 17 immersion systems Booked 50 systems, valued at € 1,004 million Backlog increased to € 2,170 million, 85 systems including 58 immersion tools with ASP of € 28.8 million for new tools Generated € 41 million cash from operations

/ Slide 6 2005 2006 2007 2008 2009 2010 Q1 685 629 949 919 183 742 Q2 763 942 930 844 277 Q3 533 958 934 697 555 Q4 548 1053 955 494 581 Total net sales M€ 2,529 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954 1,596

/ Slide 7 Net system sales breakdown in value: Q1 2010 Memory Foundry IDM R&D East 78 21 1 West North End-use Foundry 21% Numbers have been rounded for readers' convenience Technology ArF immersion 83% ArF dry 5% Taiwan Korea U.S.A Japan Singapore China Stp 34 54 5 4 2 1 West North USA 5% Korea 54% Sales in Units Region Singapore 2% Taiwan 34% Memory 78% IDM 1% Japan 4% KrF 11% I-line 1% China 1% ArF immersion KrF ArF dry I line East 83 11 5 1 West North

/ Slide 8 Consolidated statements of operations M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity

/ Slide 9 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

/ Slide 10 Cash flow M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity

/ Slide 11 Balance sheet as of March 28, 2010 M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity

/ Slide 12 76% of backlog or € 1,654 million system sales carry shipment dates in the next 6 months Booked 33 new tools at € 930 million, 17 used at € 74 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 March 28, 2010

/ Slide 13 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 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 Systems 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 Backlog units

/ Slide 14 Korea Taiwan USA Japan Singapore Europe China 23 31 19 11 6 3 7 immersion KrF 1-line ArF dry 89 9 1 1 Backlog in value per March 28, 2010 Total value M€ 2,170 Technology ArF immersion 89% KrF 9% i-line 1% Region USA 19% Taiwan 31% Korea 23% Europe 3% Japan 11% End-use Memory 75% IDM 14% Foundry 11% Numbers have been rounded for readers' convenience Singapore 6% 51% NXT 38% XT China 7% ArF 1%

/ Slide 15 foundry idm memory 30 22 48 Bookings activity by sector - total value M€ 1,004 Q1 bookings are driven by DRAM with NAND order activity starting Foundry and IDM's ordering for capacity expansion foundry idm memory 14 7 79 Bookings in value Bookings in units IDM 7% Foundry 14% Memory 79% IDM 22% Foundry 30% Memory 48%

/ Slide 16 Market

/ Slide 17 Semiconductor revenue outlook increases 21% revenue growth, 15% IC unit growth* Sources: See chart (03/2010) *IC unit growth is average based on multiple industry analysts 2010 Semiconductor revenue growth forecast over time 0% 5% 10% 15% 20% 25% 30% 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 YoY Semiconductor revenue growth [%] Future Horizons SIA Semico Dataquest IC Insights WSTS iSuppli VLSI Research AVERAGE

/ Slide 18 IC inventories appear under control as measured by days of inventory Source: VLSI Research, WSTS, ASML Last data point: February 2010

/ Slide 19 Wafer Output [300 mm equiv. KWSM] By end 2010 memory output capacity is estimated to be more than 10% below peak capacity of 2008 Source: ASML Marketing (9/09) 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 2009 2010 Memory WW wafer output split by wafer size and node Starts / Month [300mm equiv. KWspM] Strong Capacity Add 6x & 5x Conversion 300mm utilisation & fab closures 200mm retirement ^ 200mm (including 9xnm and 8x nm) ^ 300mm including(7x nm- 2x nm) Immersion for 5x, 4x & 3x conversion Estimate

/ Slide 20 Sector growth summary DRAM Significant new immersion lithography tools required as immersion layers increase from node to node which will continue in 2011 DRAM unit growth forecasted by analysts at 16%, bit growth at 50% primarily met by shrink NAND Immersion demand ramping in Q3 and Q4 due to requirements of new nodes in addition to initial wafer capacity expansion NAND unit growth forecasted by analysts at 20%, bit growth at 75% primarily met by shrink LOGIC Immersion capacity ramping due to increased number of immersion layers required by 40 nm processing Logic IC unit growth expected at 13% by analysts

/ Slide 21 ASML business update

/ Slide 22 TWINSCAN NXT moving to volume chip manufacturing TWINSCAN NXTs have been shipped to several customers for volume semiconductor production in Q2 2010 Proven industry leading performance of CD imaging uniformity well below 1 nm and overlay of less than 2 nm Booked 14 systems in Q1 Backlog 28 systems end Q1 Shipped 9 systems to date TWINSCAN NXT shipment level moving to 11 systems in Q2 and increasing in following quarters

/ Slide 23 EUV - next generation lithography First NXE:3100 systems planned to ship in H2 2010 6th order received confirms appetite from all semiconductor sectors

/ Slide 24 Outlook and summary

/ Slide 25 Q2 2010 outlook Net sales expected around € 1 billion Gross margin expected of about 42% in Q2 R&D is expected at € 125 million net of credits SG&A is expected at € 42 million Q2 bookings are expected at similar level as in Q1 2010 We expect this cycle to be sustained by the normal technology transitions of the early adopters, the subsequent technology conversions by second tier DRAM makers, the next Flash memory upgrade cycle anticipated for Q2 2010, as well as Foundry's structural capacity build at advanced nodes At current rate, WW litho systems sold in 2010 will be adding approx. 15% IC unit production capacity to the market. This controlled capacity increase supports the possibility of sustained growth in 2011 if IC unit growth continues per historical trend ASML on track to surpass our 2007 revenue peak of € 3.8 billion in 2010

/ Slide 26

EX-99.3

Exhibit 99.3

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

		Three months ended,
(in millions EUR, except per share data)		Mar 29, 2009			Mar 28, 2010
Net system sales			101.1			631.6
Net service and field option sales			82.5			110.2
Total net sales			183.6			741.8
Cost of sales			171.2			443.2
Gross profit on sales			12.4			298.6
Research and development costs			118.3			120.3
Selling, general and administrative costs	3		40.4			41.4
Income (loss) from operations			(146.3	)		136.9
Interest expense	3		(1.7	)		(2.8	)
Income (loss) from operations before income taxes			(148.0	)		134.1
(Provision for) benefit from income taxes			30.8			(26.8	)
Net income (loss)			(117.2	)		107.3
Basic net income (loss) per ordinary share			(0.27	)		0.25
Diluted net income (loss) per ordinary share	4		(0.27	)		0.25
Number of ordinary shares used in computing per share amounts (in millions):
Basic			432.1			434.0
Diluted	4		432.1			437.9
ASML — Ratios and Other Data 1,2
		Three months ended,
		Mar 29, 2009			Mar 28, 2010
Gross profit as a % of net sales			6.7			40.3
Income (loss) from operations as a % of net sales	3		(79.7	)		18.5
Net income (loss) as a % of net sales			(63.8	)		14.5
Shareholders’ equity as a % of total assets	3		47.5			41.2
Income taxes as a % of income before income taxes			(20.8	)		(20.0	)
Sales of systems (in units)			11			34
ASP of systems sales (EUR million)			9.2			18.6
Value of systems backlog (EUR million)			853			2,170
Systems backlog (in units)			38			85
ASP of systems backlog (EUR million)			22.4			25.5
Value of booked systems (EUR million)			207			1,004
Net bookings (in units)			8			50
ASP of booked systems (EUR million)			25.8			20.1
Number of payroll employees in FTEs			6,715			6,591
Number of temporary employees in FTEs			959			1,331

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

(in millions EUR)		Dec 31, 2009		Mar 28, 2010
ASSETS
Cash and cash equivalents			1,037.1		1,087.3
Accounts receivable, net			377.4		629.8
Finance receivables, net			21.6		23.3
Current tax assets			11.3		37.5
Inventories, net			963.4		1,155.5
Deferred tax assets			119.4		107.5
Other assets			218.7		247.3
Total current assets			2,748.9		3,288.2
Deferred tax assets			133.3		127.9
Other assets			77.0		99.1
Goodwill			131.5		141.1
Other intangible assets, net			18.1		17.8
Property, plant and equipment, net	3		655.4		720.7
Total non-current assets			1,015.3		1,106.6
Total assets			3,764.2		4,394.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities			1,044.2		1,613.0
Accrued liabilities and other liabilities			44.3		45.9
Deferred and other tax liabilities			188.4		200.1
Provisions			12.7		13.0
Long-term debt	3		699.8		711.8
Total non-current liabilities			945.2		970.8
Total liabilities			1,989.4		2,583.8
Shareholders’ equity			1,774.8		1,811.0
Total liabilities and shareholders’ equity			3,764.2		4,394.8

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

		Three months ended,
(in millions EUR)		Mar 29, 2009			Mar 28, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			(117.2	)		107.3
Depreciation and amortization	3		38.7			34.7
Impairment			2.6			0.8
Loss on disposals of property, plant and equipment			2.6			0.6
Share-based payments			3.5			2.8
Allowance for doubtful debts			—			0.2
Allowance for obsolete inventory			22.1			13.8
Deferred income taxes			(27.0	)		23.7
Change in assets and liabilities			157.3			(142.8	)
Net cash provided by operating activities			82.6			41.1
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment			(43.9	)		(7.2	)
Proceeds from sale of property, plant and equipment			1.2			—
Net cash used in investing activities			(42.7	)		(7.2	)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from issuance of shares and stock options			0.1			10.4
Excess tax deficiencies from stock options			(0.2	)		—
Redemption and/or repayment of debt	3		(0.4	)		(0.4	)
Net cash provided by (used in) financing activities			(0.5	)		10.0
Net cash flows			39.4			43.9
Effect of changes in exchange rates on cash			2.4			6.3
Net increase in cash & cash equivalents			41.8			50.2

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

		Three months ended,
		Mar 29,			Jun 28,			Sep 27,			Dec 31,			Mar 28,
(in millions EUR, except per share data)		2009			2009			2009			2009			2010
Net system sales			101.1			183.3			458.7			431.8			631.6
Net service and field option sales			82.5			93.3			96.6			148.8			110.2
Total net sales			183.6			276.6			555.3			580.6			741.8
Cost of sales			171.2			242.2			364.0			360.3			443.2
Gross profit on sales			12.4			34.4			191.3			220.3			298.6
Research and development costs			118.3			117.9			115.2			115.4			120.3
Selling, general and administrative costs	3		40.4			40.3			37.5			36.5			41.4
Income (loss) from operations			(146.3	)		(123.8	)		38.6			68.4			136.9
Interest expense	3		(1.7	)		(0.9	)		(2.4	)		(3.5	)		(2.8	)
Income (loss) from operations before income taxes			(148.0	)		(124.7	)		36.2			64.9			134.1
(Provision for) benefit from income taxes			30.8			20.7			(16.4	)		(14.4	)		(26.8	)
Net income (loss)			(117.2	)		(104.0	)		19.8			50.5			107.3
Basic net income (loss) per ordinary share			(0.27	)		(0.24	)		0.05			0.12			0.25
Diluted net income (loss) per ordinary share	4		(0.27	)		(0.24	)		0.05			0.12			0.25
Number of ordinary shares used in computing per share amounts (in millions):
Basic			432.1			432.5			432.7			433.2			434.0
Diluted	4		432.1			432.5			435.0			437.0			437.9
ASML — Quarterly Summary Ratios and other data 1,2
		Three months ended,
		Mar 29,			Jun 28,			Sep 27,			Dec 31,			Mar 28,
		2009			2009			2009			2009			2010
Gross profit as a % of net sales			6.7			12.5			34.4			38.0			40.3
Income (loss) from operations as a % of net sales	3		(79.7	)		(44.7	)		6.9			11.8			18.5
Net income (loss) as a % of net sales			(63.8	)		(37.6	)		3.6			8.7			14.5
Shareholders’ equity as a % of total assets	3		47.5			47.2			47.3			47.1			41.2
Income taxes as a % of income before income taxes			(20.8	)		(16.6	)		(45.4	)		(22.2	)		(20.0	)
Sales of systems (in units)			11			10			24			25			34
ASP of system sales (EUR million)			9.2			18.3			19.1			17.3			18.6
Value of systems backlog (EUR million)			853			1,064			1,353			1,853			2,170
Systems backlog (in units)			38			43			54			69			85
ASP of systems backlog (EUR million)			22.4			24.7			25.1			26.8			25.5
Value of booked systems (EUR million)			207			394			777			956			1,004
Net bookings (in units)			8			15			35			40			50
ASP of booked systems (EUR million)			25.8			26.3			22.2			23.9			20.1
Number of payroll employees in FTEs			6,715			6,597			6,529			6,548			6,591
Number of temporary employees in FTEs			959			868			917			1,137			1,331

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

		Mar 29,		Jun 28,		Sep 27,		Dec 31,		Mar 28,
(in millions EUR)		2009		2009		2009		2009		2010
ASSETS
Cash and cash equivalents			1,151.0		1,092.7		1,018.0		1,037.1		1,087.3
Accounts receivable, net			291.6		213.5		382.1		377.4		629.8
Finance receivables, net			6.2		0.1		21.1		21.6		23.3
Current tax assets			—		—		—		11.3		37.5
Inventories, net			936.8		926.1		882.4		963.4		1,155.5
Deferred tax assets			74.9		70.5		69.0		119.4		107.5
Other assets			240.6		220.2		224.2		218.7		247.3
Total current assets			2,701.1		2,523.1		2,596.8		2,748.9		3,288.2
Finance receivables, net			29.2		20.6		—		—		—
Deferred tax assets			173.2		198.9		193.5		133.3		127.9
Other assets			89.5		53.8		68.1		77.0		99.1
Goodwill			139.7		134.5		128.6		131.5		141.1
Other intangible assets, net			25.6		22.3		19.0		18.1		17.8
Property, plant and equipment, net	3		624.4		629.3		598.7		655.4		720.7
Total non-current assets			1,081.6		1,059.4		1,007.9		1,015.3		1,106.6
Total assets			3,782.7		3,582.5		3,604.7		3,764.2		4,394.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities			1,017.5		940.9		949.3		1,044.2		1,613.0
Accrued liabilities and other liabilities			48.2		45.6		44.7		44.3		45.9
Deferred and other tax liabilities			204.9		200.6		193.7		188.4		200.1
Provisions			16.9		14.8		13.5		12.7		13.0
Long-term debt	3		699.2		689.3		697.2		699.8		711.8
Total non-current liabilities			969.2		950.3		949.1		945.2		970.8
Total liabilities			1,986.7		1,891.2		1,898.4		1,989.4		2,583.8
Shareholders’ equity			1,796.0		1,691.3		1,706.3		1,774.8		1,811.0
Total liabilities and shareholders’ equity			3,782.7		3,582.5		3,604.7		3,764.2		4,394.8

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

		Three months ended,
		Mar 29,			Jun 28,			Sep 27,			Dec 31,			Mar 28,
(in millions EUR)		2009			2009			2009			2009			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			(117.2	)		(104.0	)		19.8			50.5			107.3
Depreciation and amortization	3		38.7			35.1			33.8			34.0			34.7
Impairment			2.6			4.4			8.6			0.3			0.8
Loss (gain) on disposals of property, plant and equipment			2.6			(0.4	)		0.9			1.0			0.6
Share-based payments			3.5			2.6			2.8			4.5			2.8
Allowance for doubtful debts			—			1.1			0.7			0.1			0.2
Allowance for obsolete inventory			22.1			43.9			13.2			7.4			13.8
Deferred income taxes			(27.0	)		(31.2	)		(4.5	)		13.3			23.7
Change in assets and liabilities			157.3			110.7			(140.3	)		(91.7	)		(142.8	)
Net cash provided by (used in) operating activities			82.6			62.2			(65.0	)		19.4			41.1
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment			(43.9	)		(39.9	)		(13.5	)		(7.7	)		(7.2	)
Proceeds from sale of property, plant and equipment			1.2			5.7			—			—			—
Net cash used in investing activities			(42.7	)		(34.2	)		(13.5	)		(7.7	)		(7.2	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid			—			(86.5	)		—			—			—
Net proceeds from issuance of shares and stock options			0.1			0.4			4.2			6.4			10.4
Excess tax benefits (deficiencies) from stock options			(0.2	)		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	)		(0.4	)
Net cash provided by (used in) financing activities			(0.5	)		(85.9	)		4.5			7.0			10.0
Net cash flows			39.4			(57.9	)		(74.0	)		18.7			43.9
Effect of changes in exchange rates on cash			2.4			(0.4	)		(0.7	)		0.4			6.3
Net increase (decrease) in cash & cash equivalents			41.8			(58.3	)		(74.7	)		19.1			50.2

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 and 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. In case 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 these 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 the 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. These net exposures from certain monetary assets and liabilities in non-functional currencies are hedged with forward contracts.

As of March 28, 2010 other comprehensive income, within equity, includes EUR 60.3 million loss, net of taxes, representing the total anticipated loss to be charged to net sales, and EUR 3.9 million gain representing the total anticipated 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,
(in thousands EUR)	Mar 29, 2009			Mar 28, 2010
Net income (loss) under U.S. GAAP		(117.2	)		107.3
Share-based payments (see Note 1)		(0.5	)		0.1
Development costs (see Note 2)		11.5			2.0
Reversal of write-downs (see Note 3)		—			(3.3	)
Income taxes (see Note 4)		(1.6	)		(4.8	)
Net income (loss) under IFRS		(107.8	)		101.3

Shareholders’ equity

	Mar 29,			Jun 28,			Sep 27,			Dec 31,		Mar 28,
(in thousands EUR)	2009			2009			2009			2009		2010
Shareholders’ equity under U.S. GAAP		1,796.0			1,691.3			1,706.3			1,774.8		1,811.0
Share-based payments (see Note 1)		(7.1	)		(4.9	)		(0.5	)		2.4		3.5
Development costs (see Note 2)		215.4			235.9			259.7			251.5		255.8
Reversal of write-downs (see Note 3)		—			—			28.5			17.1		13.8
Income taxes (see Note 4)		3.4			2.8			1.4			5.0		0.8
Shareholders’ equity under IFRS		2,007.7			1,925.1			1,995.4			2,050.8		2,084.9

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, manufacturing efficiencies, new product development and customer acceptance of new products, 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	All quarterly information in this press release is unaudited.
2	Numbers have been rounded for readers’ convenience.
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 exercises would have a dilutive effect, the calculation of diluted net income per ordinary share does not assume exercise of such options when such exercises would be antidilutive.

EX-99.4

Exhibit 99.4

ASML — Summary IFRS Consolidated Income Statement ^1,2

		Three months ended,
(in millions EUR)		Mar 29, 2009			Mar 28, 2010
Net system sales			101.1			631.6
Net service and field option sales			82.5			110.2
Total net sales			183.6			741.8
Cost of sales			196.3			476.6
Gross profit (loss) on sales			(12.7	)		265.2
Research and development costs			78.0			88.9
Selling, general and administrative costs	3		41.4			40.0
Operating income (loss)			(132.1	)		136.3
Interest income (charges)	3		2.6			(5.9	)
Income (loss) before income taxes			(129.5	)		130.4
(Provision for) benefit from income taxes			21.7			(29.1	)
Net income (loss)			(107.8	)		101.3

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

(in millions EUR)		Dec 31, 2009		Mar 28, 2010
ASSETS
Property, plant and equipment	3		662.2		726.7
Goodwill			139.6		149.8
Other intangible assets			346.9		351.4
Deferred tax assets			266.7		260.6
Derivative financial instruments			55.9		79.3
Other assets			16.1		15.0
Total non-current assets			1,487.4		1,582.8
Inventories			986.4		1,174.0
Current tax assets			11.3		37.5
Derivative financial instruments			47.4		33.5
Finance receivables			21.6		23.3
Accounts receivable			377.4		629.8
Other assets			145.9		175.2
Cash and cash equivalents			1,037.1		1,087.3
Total current assets			2,627.1		3,160.6
Total assets			4,114.5		4,743.4
EQUITY AND LIABILITIES
Equity			2,050.8		2,084.9
Long-term debt	3		705.0		715.5
Derivative financial instruments			1.9		2.4
Deferred and other tax liabilities			264.0		277.1
Provisions			12.7		13.0
Accrued liabilities and other liabilities			42.4		43.3
Total non-current liabilities			1,026.0		1,051.3
Provisions			2.5		2.7
Derivative financial instruments			15.6		30.0
Current tax liabilities			15.0		5.8
Accrued liabilities and other liabilities			798.4		1,190.9
Accounts payable			206.2		377.8
Total non-current liabilities			1,037.7		1,607.2
Total equity and liabilities			4,114.5		4,743.4

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

		Three months ended,
(in millions EUR)		Mar 29, 2009			Mar 28, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			(107.8	)		101.3
Depreciation and amortization	3		64.5			64.3
Impairment charges			2.6			0.8
Loss on disposals of property, plant and equipment			2.6			0.6
Share-based payments			3.5			2.8
Allowance for doubtful debts			—			0.2
Allowance for obsolete inventory			22.1			2.4
Change in assets and liabilities			136.9			(98.2	)
Net cash provided by operating activities			124.4			74.2
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment			(43.9	)		(7.2	)
Proceeds from sale of property, plant and equipment			1.2			—
Purchases of intangible assets			(40.3	)		(31.4	)
Net cash used in investing activities			(83.0	)		(38.6	)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from issuance of shares and stock options			0.1			10.4
Redemption and / or repayment of debt	3		(2.1	)		(2.1	)
Net cash provided by (used in) financing activities			(2.0	)		8.3
Net cash flows			39.4			43.9
Effect of changes in exchange rates on cash			2.4			6.3
Net increase in cash & cash equivalents			41.8			50.2

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

		Three months ended,
		Mar 29,			Jun 28,			Sep 27,			Dec 31,			Mar 28,
(in millions EUR)		2009			2009			2009			2009			2010
Net system sales			101.1			183.3			458.7			431.8			631.6
Net service and field option sales			82.5			93.3			96.6			148.8			110.2
Total net sales			183.6			276.6			555.3			580.6			741.8
Cost of sales			196.3			248.6			333.7			432.3			476.6
Gross profit (loss) on sales			(12.7	)		28.0			221.6			148.3			265.2
Research and development costs			78.0			82.5			74.5			69.7			88.9
Selling, general and administrative costs	3		41.4			38.2			36.9			40.0			40.0
Operating income (loss)			(132.1	)		(92.7	)		110.2			38.6			136.3
Interest income (charges)	3		2.6			(1.9	)		(2.2	)		(6.4	)		(5.9	)
Income (loss) before income taxes			(129.5	)		(94.6	)		108.0			32.2			130.4
(Provision for) benefit from income taxes			21.7			13.4			(35.2	)		2.6			(29.1	)
Net income (loss)			(107.8	)		(81.2	)		72.8			34.8			101.3

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

		Mar 29,		Jun 28,		Sep 27,		Dec 31,		Mar 28,
(in millions EUR)		2009		2009		2009		2009		2010
ASSETS
Property, plant and equipment	3		633.8		637.9		606.4		662.2		726.7
Goodwill			148.4		142.9		136.6		139.6		149.8
Other intangible assets			306.1		330.4		359.1		346.9		351.4
Deferred tax assets			244.6		268.7		258.7		266.7		260.6
Finance receivables			29.2		20.6		—		—		—
Derivative financial instruments			70.0		33.4		48.5		55.9		79.3
Other assets			14.2		15.2		14.6		16.1		15.0
Total non-current assets			1,446.3		1,449.1		1,423.9		1,487.4		1,582.8
Inventories			936.8		926.1		920.6		986.4		1,174.0
Current tax assets			—		—		—		11.3		37.5
Derivative financial instruments			33.6		37.9		44.6		47.4		33.5
Finance receivables			6.2		0.1		21.1		21.6		23.3
Accounts receivable			291.6		213.5		382.1		377.4		629.8
Other assets			186.0		162.1		159.1		145.9		175.2
Cash and cash equivalents			1,151.0		1,092.7		1,018.0		1,037.1		1,087.3
Total current assets			2,605.2		2,432.4		2,545.5		2,627.1		3,160.6
Total assets			4,051.5		3,881.5		3,969.4		4,114.5		4,743.4
EQUITY AND LIABILITIES
Equity			2,007.7		1,925.1		1,995.4		2,050.8		2,084.9
Long-term debt	3		709.2		697.9		704.2		705.0		715.5
Derivative financial instruments			1.6		1.0		1.7		1.9		2.4
Deferred and other tax liabilities			258.1		263.6		266.7		264.0		277.1
Provisions			16.9		14.8		13.5		12.7		13.0
Accrued liabilities and other liabilities			46.7		44.6		43.0		42.4		43.3
Total non-current liabilities			1,032.5		1,021.9		1,029.1		1,026.0		1,051.3
Provisions			4.5		2.6		2.4		2.5		2.7
Derivative financial instruments			40.6		25.0		23.5		15.6		30.0
Current tax liabilities			11.2		19.9		35.3		15.0		5.8
Accrued liabilities and other liabilities			789.8		652.4		661.5		798.4		1,190.9
Accounts payable			165.2		234.6		222.2		206.2		377.8
Total current liabilities			1,011.3		934.5		944.9		1,037.7		1,607.2
Total equity and liabilities			4,051.5		3,881.5		3,969.4		4,114.5		4,743.4

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

		Three months ended,
		Mar 29,			Jun 28,			Sep 27,			Dec 31,			Mar 28,
(in millions EUR)		2009			2009			2009			2009			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			(107.8	)		(81.2	)		72.8			34.8			101.3
Depreciation and amortization	3		64.5			42.1			42.4			90.6			64.3
Impairment charges			2.6			4.4			8.6			1.3			0.8
Loss on disposals of property, plant and equipment			2.6			(0.4	)		0.9			1.0			0.6
Share-based payments			3.5			2.6			2.8			4.5			2.8
Allowance for doubtful debts			—			1.1			0.7			0.1			0.2
Allowance for obsolete inventory			22.1			43.9			(25.1	)		(21.4	)		2.4
Change in assets and liabilities			136.9			87.3			(125.1	)		(43.1	)		(98.2	)
Net cash provided by (used in) operating activities			124.4			99.8			(22.0	)		67.8			74.2
Purchases of property, plant and equipment			(43.9	)		(39.9	)		(13.5	)		(7.7	)		(7.2	)
Proceeds from sale of property, plant and equipment			1.2			5.7			—			—			—
Purchases of intangible assets			(40.3	)		(35.4	)		(40.6	)		(45.7	)		(31.4	)
Net cash used in investing activities			(83.0	)		(69.6	)		(54.1	)		(53.4	)		(38.6	)
Dividend paid			—			(86.5	)		—			—			—
Net proceeds from issuance of shares and stock options			0.1			0.4			4.2			6.4			10.4
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			(2.0	)		(88.1	)		2.1			4.3			8.3
Net cash flows			39.4			(57.9	)		(74.0	)		18.7			43.9
Effect of changes in exchange rates on cash			2.4			(0.4	)		(0.7	)		0.4			6.3
Net increase (decrease) in cash & cash equivalents			41.8			(58.3	)		(74.7	)		19.1			50.2

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 and 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. In case 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 these 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 the 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. These net exposures from certain monetary assets and liabilities in non-functional currencies are hedged with forward contracts.

As of March 28, 2010 other comprehensive income, within equity, includes EUR 60.3 million loss, net of taxes, representing the total anticipated loss to be charged to net sales, and EUR 3.9 million gain representing the total anticipated 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,
(in thousands EUR)	Mar 29, 2009			Mar 28, 2010
Net income (loss) under U.S. GAAP		(117.2	)		107.3
Share-based payments (see Note 1)		(0.5	)		0.1
Development costs (see Note 2)		11.5			2.0
Reversal of write-downs (see Note 3)		—			(3.3	)
Income taxes (see Note 4)		(1.6	)		(4.8	)
Net income (loss) under IFRS		(107.8	)		101.3

Shareholders’ equity

	Mar 29,			Jun 28,			Sep 27,			Dec 31,		Mar 28,
(in thousands EUR)	2009			2009			2009			2009		2010
Shareholders’ equity under U.S. GAAP		1,796.0			1,691.3			1,706.3			1,774.8		1,811.0
Share-based payments (see Note 1)		(7.1	)		(4.9	)		(0.5	)		2.4		3.5
Development costs (see Note 2)		215.4			235.9			259.7			251.5		255.8
Reversal of write-downs (see Note 3)		—			—			28.5			17.1		13.8
Income taxes (see Note 4)		3.4			2.8			1.4			5.0		0.8
Shareholders’ equity under IFRS		2,007.7			1,925.1			1,995.4			2,050.8		2,084.9

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, manufacturing efficiencies, new product development and customer acceptance of new products, 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	All quarterly information in this press release is unaudited.
2	Numbers have been rounded for readers’ convenience.
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.