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 January 19, 2011

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 FOLLOWING REGISTRATION STATEMENTS OF ASML HOLDING N.V.: 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), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-153277), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-162439) AND THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-170034).

TABLE OF CONTENTS

Exhibit 99.1

Exhibit 99.2

Exhibit 99.3

Exhibit 99.4

Exhibits

99.1	“ASML announces 2010 Q4 and Full Year results, along with increased dividend proposal and share buy back program—Record backlog supports a strong 2011,” press release dated January 19, 2011
99.2	“ASML Fourth Quarter and 2010 Annual Results—Record backlog supports a strong 2011,” presentation dated January 19, 2011
99.3	Summary U.S. GAAP Consolidated Financial Statements
99.4	Summary IFRS Consolidated Financial 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, dividend policy and intention to repurchase shares. 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, available cash and distributable reserves for dividend payments and share repurchases 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: January 19, 2011	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 Q4 and Full Year results, along with increased dividend
proposal and share buy back program

Record backlog supports a strong 2011

VELDHOVEN, the Netherlands, Jan 19, 2011 — ASML Holding NV (ASML) today announces 2010 fourth quarter and full year results according to US GAAP as follows:

• Q4 2010 net sales of EUR 1,521 million versus Q3 2010 net sales of EUR 1,176 million (Q4 2009 net sales of EUR 581 million). Full year 2010 net sales were EUR 4,508 million, up 182.4 percent versus 2009 net sales of EUR 1,596 million.

• Q4 2010 net income of EUR 407 million, or 26.7 percent of net sales, versus a Q3 2010 net income of EUR 269 million, or 22.8 percent of net sales (Q4 2009 net income of EUR 50 million or 8.7 percent of net sales). Full year 2010 net income amounted to EUR 1,022 million or 22.7 percent of net sales, compared with 2009 net loss of EUR 151 million or 9.5 percent of net sales.

• Q4 2010 net bookings of EUR 2,315 million (see page 3), with 117 systems including 104 new and 13 used systems, leading to a systems backlog valued at EUR 3,856 million as of December 31, 2010.

“The fourth quarter was a strong close to a remarkable year in the history of ASML during which we achieved record sales, profit and bookings,” said Eric Meurice, President and Chief Executive Officer of ASML. “In order to meet brisk demand for our advanced technology products as well as for our capacity tools, we almost tripled the output of our factory in 2010 compared with 2009, through expansion of our fixed and flexible workforce, and by structural cycle time improvements. In the quarter, we shipped 13 TWINSCAN XT:1950 systems, our immersion workhorse, in addition to 14 of our

Page 1 of 8

most advanced volume production immersion system TWINSCAN NXT:1950 which has now become the industry’s premier immersion platform capable of overlay of less than 3 nanometers (nm) in high volume production. While we have taken immersion imaging performance to the next level, we have also enhanced productivity to new record, as four immersion systems succeeded to process more than one million wafers each over 2010. During the fourth quarter, we also shipped the first of our second generation EUV systems, the NXE:3100 and successfully exposed wafers at a customer manufacturing site. In coming months, five more customers will receive their NXE:3100 systems, as EUV is now confirmed the most likely lithography platform to continue Moore’s Law towards smaller, cheaper and more energy-efficient semiconductors,” Meurice added.

Operations Update

Full year 2010 net sales of EUR 4,508 million consisted of system sales of EUR 3,895 million, as the company shipped a total of 197 systems, including 154 new and 43 used, and net service and field option sales which amounted to EUR 613 million. 2009 net sales of EUR 1,596 million consisted of net system sales of EUR 1,175 million, as the company shipped a total of 70 systems, including 47 new and 23 used, and net service and field option sales which amounted to EUR 421 million.

In Q4 2010, ASML’s net sales of EUR 1,521 million included 56 new and 13 used systems, totaling net system sales of EUR 1,313 million, and net service and field options sales of EUR 208 million. Net system sales for Q3 2010 included the shipment of 40 new and 11 used machines, totaling EUR 1,027 million, and net service and field options sales of EUR 149 million.

The Q4 2010 average selling price for a new system was EUR 22.4 million, compared with the Q3 2010 average selling price for a new system of EUR 24.1 million. The Q4 2010 average selling price for all ASML systems sold was EUR 19.0 million, compared with the Q3 2010 average selling price of EUR 20.1 million.

Q4 2010 net bookings totaled 117 systems valued at EUR 2,315 million, with a total average selling price of EUR 19.8 million. This record bookings level was driven by NAND Flash memory investments for the high volume ramp of new technologies and

Page 2 of 8

Foundry/Logic commitments for new strategic fab projects, while DRAM lithography demand weakened less than originally planned.

ASML’s systems backlog as of December 31, 2010, was EUR 3,856 million, totaling 157 systems with an average selling price of EUR 24.6 million, reflecting a mix of technology and capacity systems. ASML’s systems backlog as of September 26, 2010, was valued at EUR 2,983 million, totaling 109 systems with an average selling price of EUR 27.4 million.

ASML is closing long-term contracts with customers that involve systems and increasingly certain options and services which have become a sizeable part of the total order value. Until the fourth quarter, ASML did not include these additional items in “systems bookings” or “backlog”. To better represent the value of our systems bookings and backlog, and therefore our real future sales potential, ASML will report from the fourth quarter of 2010 full order values which include all contract-committed items associated with a system sale. Not included in the order book and backlog will still be the separate service and field options orders for the already installed base of ASML systems at customer sites. Had ASML used the original definition instead of the new bookings definition, net bookings in the fourth quarter would have amounted to EUR 2,011 million and backlog per December 31, 2010, would have been EUR 3,381 million.

In Q4 2010, ASML generated net income of EUR 407 million, or EUR 0.94 per ordinary share as compared with net income in Q3 2010 of EUR 269 million or EUR 0.61 per ordinary share. Full year 2010 net income amounted to EUR 1,022 million (EUR 2.35 net income per ordinary share), compared with a full year 2009 net loss of EUR 151 million (EUR 0.35 net loss per ordinary share).

The company’s Q4 2010 gross margin was 45.0 percent compared with the Q3 2010 gross margin of 43.6 percent.

Q4 2010 research and development (R&D) costs were EUR 141 million, compared with Q3 2010 R&D costs of EUR 137 million. Over the full year 2010 ASML invested EUR 523 million in technology development. ASML has one of the highest private R&D

Page 3 of 8

budgets invested in the Netherlands. A significant part of this sum was used for R&D jointly with our suppliers and technology partners.

Selling, general and administrative (SG&A) costs were EUR 50 million in Q4 2010, compared with SG&A costs of EUR 48 million in Q3 2010.

Net cash from operations was EUR 302 million in Q4 2010. ASML ended Q4 2010 with EUR 1,950 million in cash and cash equivalents, compared with EUR 1,548 million at the end of Q3 2010.

Outlook

“We booked more than EUR 2 billion worth of orders in the fourth quarter of 2010, leading to a record year-end backlog of EUR 3.9 billion of systems shippable in 2011. This record-breaking backlog and the additional expected Q1 bookings 2011 confirm a potential for more than EUR 5 billion of net sales in 2011,” Eric Meurice said. “The overall macro-economic drivers are still mixed since the end of the summer, but the semiconductor market is sustained by a very rich leading edge technology mix, which in turn justifies the large backlog for our products. Indeed, NAND Flash memory, DRAM memory, micro-processors and overall Logic manufacturers are all ramping their new nodes at the same time, in parallel to some strategic or catch-up investments in lithography, thus ensuring a very positive short term to mid term investment level. Beyond 2011, we foresee further technology transitions through the insertion of EUV, based on our third generation platform, the NXE:3300 for which we have received nine orders to date; it is certainly too early to commit numbers for 2012, as the industry still needs a number of months to confirm EUV plans, performance and roadmaps, but it is encouraging to envision this other engine of growth for 2012 and beyond,” Meurice said.

ASML expects Q1 2011 net sales of around EUR 1.4 billion. ASML expects a gross margin in Q1 2011 of between 44 and 45 percent. R&D costs are expected to be at EUR 145 million and SG&A costs are expected at EUR 55 million.

Page 4 of 8

Dividend and share buy back program

Thanks to ASML’s strong financial position and operating cash flow prospects, we intend to pay a sustained annual dividend through the semiconductor industry cycle, thus rewarding our shareholders for their continued investment and attracting new categories of investors. Furthermore, ASML intends to return excess cash to shareholders through regularly timed share buy back programs.

ASML will submit a proposal to the 2011 General Meeting of Shareholders to declare a dividend in respect of 2010 of EUR 0.40 per ordinary share (for a total amount of approximately EUR 175 million), representing 17 percent of net income per ordinary share, compared with a dividend of EUR 0.20 per ordinary share paid in respect of 2009.

ASML also announces its intention to purchase up to EUR 1 billion of its own shares within two years. The program will be executed within the limitations of the existing authority granted by the Annual General Meeting of Shareholders (AGM) on March 24, 2010 and, if granted, of the authority proposed to future AGMs. The purpose of the share buy back program is to return cash to shareholders through reduction of the number of issued shares.

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 7,100 employees on payroll (expressed in full time equivalents), serving chip manufacturers in more than 55 locations in 16 countries. More information about our company, our products and technology, and career opportunities is available on our website: www.asml.com

Page 5 of 8

Press Conference

A press conference hosted by CEO Eric Meurice and CFO Peter Wennink will be held at our office in Veldhoven at 11:00 AM Central European Time / 05:00 AM Eastern U.S. time. To listen to the press conference, access is available via www.asml.com

A presentation about 2010 fourth quarter and full year results is available on www.asml.com

A video statement of CFO Peter Wennink is available on 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: 7644773). 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

2010 Annual Reports

ASML will publish its 2010 Annual Report on Form 20-F, Statutory Annual Report and Remuneration Report on February 15, 2011. The reports will be published on our website at 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 6 of 8

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

The consolidated balance sheets of ASML Holding N.V. as of Dec 31, 2010, the related consolidated statements of operations and consolidated statements of cash flows for the quarter ended Dec 31, 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, dividend policy and intention to repurchase shares. 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

Page 7 of 8

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 available cash, distributable reserves for dividend payments and share repurchases 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 8 of 8

EX-99.2

Exhibit 99.2

/ Slide 1 ASML Fourth Quarter and 2010 Annual Results Record backlog supports a strong 2011 January 19, 2011

/ 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, dividend policy and intention to repurchase shares. 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, available cash, distributable reserves for dividend payments and share repurchases 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 Q4 results - highlights Net sales of € 1,521 million, 69 systems shipped valued at € 1,313 million, service revenue at € 208 million Gross margin of 45.0% Operating margin of 32.4% Shipped 28 immersion systems Net bookings are valued at € 2,315 million with 117 systems (see slide 12) Backlog increased to € 3,856 million, 157 systems with ASP of € 27.7 million for new tools, including 67 immersion tools Generated € 302 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 1069 Q3 533 958 934 697 555 1176 Q4 548 1053 955 494 581 1521 Total net sales M€ 2,529 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954 1,596 4,508

/ Slide 7 Net system sales breakdown in value: Q4 2010 DRAM NAND Foundry IDM R&D East 48 18 30 4 West North End-use Foundry 30% Numbers have been rounded for readers' convenience. Technology ArF immersion 83% ArF dry 9% Taiwan Korea U.S.A Europe Japan Singapore China Stp 38 26 11 4 12 5 4 West North USA 11% Korea 26% ArF immersion ArF dry KrF I-Line Q1 29 6 25 9 Sales in Units Region Singapore 5% Taiwan 38% DRAM 48% IDM 4% Japan 12% I-Line 2% China 4% ArF immersion KrF ArF dry I line East 70 19 9 2 West North ArF Immersion 70% NAND 18% KrF 19% Europe 4%

/ 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. Net bookings value numbers have been adjusted, see slide 12.

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

/ Slide 11 Balance sheets M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity.

/ Slide 12 Backlog and bookings to better represent future sales potential ASML will report from Q4 2010 full order values which include all contract-committed items that are associated with a system sale Not included in the order book and backlog will still be the separate service and field options orders for the already installed base of ASML systems at customer sites

/ Slide 13 Backlog: value and litho units Backlog 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 10/10/2010 1/1/2011 Backlog value 1691 1377 987 1245 1434 1596 1830 2126 2146 2163 1745 1769 1697 1167 1106 1028 755 853 1064 1551.9 2113.7 2524.2 2803.4 2983 3855.7 Units 131 107 80 87 95 106 127 151 163 148 109 90 89 65 59 53 41 38 43 54 69 85 100 109 157 Backlog in units 57 % of backlog or € 2,208 million system sales carry shipment dates in the next 6 months, 100% backlog shippable in 2011 Last 6 quarters are restated according new backlog definition

/ Slide 14 Korea Taiwan USA Japan Singapore Europe China 11 23 28 4 13 11 10 DRAM IDM Foundry NAND 27 21 33 0 19 0 immersion KrF 1-line ArF dry 71 22 1 6 Backlog in value per December 31, 2010 Total value M€ 3,856 Technology ArF immersion 71% KrF 22% I-Line 1% Region (ship to location) USA 28% Taiwan 23% Korea 11% Europe 11% Japan 4% End-use DRAM 27% IDM 21% Foundry 33% Numbers have been rounded for readers' convenience. Singapore 13% China 10% ArF dry 6% NAND 19%

/ Slide 15 DRAM idm foundry NAND 11 11 50 28 Bookings activity by sector - total value M€ 2,315 DRAM idm foundry NAND 16 6 48 30 Bookings in value Bookings in units IDM 6% Foundry 48% DRAM 16% IDM 11% Foundry 50% DRAM 11% NAND 28% NAND 30% Booked 104 new tools at € 2,250 million, 13 used at € 65 million Numbers have been rounded for readers' convenience.

/ Slide 16 Market

/ Slide 17 All sectors are ramping their new nodes Wafer starts per node Wafer starts per node Wafer starts per node DRAM NAND Logic MPU ASML estimates

/ Slide 18 New fab litho opportunity 13 fabs projects representing € 7.0 billion of litho (2011-2012) Publicly announced projects Publicly announced projects

/ Slide 19 ASML business update

/ Slide 20 Technology - TWINSCAN NXT Productivity at specified 175 wafers per hour, 3 nm overlay FlexRay, programmable illuminator, shipping in high volume System production capacity increasing by cycle time improvement and cabin conversions Q4 NXT shipments surpassed Q4 XT immersion for the first time

/ Slide 21 Technology - EUV The first NXE:3100 is successfully exposing wafers at a customers manufacturing site Five additional NXE:3100 systems are planned to ship in next several months Orders received for 9 NXE:3300 production systems to be delivered in 2012 EUV is now confirmed to be the most likely lithography platform to continue Moore's law to beyond 2020

/ Slide 22 Cash return Announcing a share buy back program of up to € 1 billion executed within a 2 year timeframe Proposed dividend for 2010 of € 0.40 per ordinary share (approx. € 175 million) vs. € 0.20 per share in 2009

/ Slide 23 Outlook and summary

/ Slide 24 Q1 2011 outlook Net sales expected around € 1.4 billion Gross margin expected between 44% and 45% R&D is expected at € 145 million SG&A is expected at € 55 million Current backlog plus expected Q1 bookings confirm a potential for more than € 5 billion of net sales in 2011

/ Slide 25

EX-99.3

Exhibit 99.3

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

		Three months ended,						Twelve months ended,
(in millions EUR, except per share data)		Dec 31, 2009			Dec 31, 2010			Dec 31, 2009			Dec 31, 2010
Net system sales			431.8			1,313.1			1,174.9			3,894.7
Net service and field option sales			148.8			208.3			421.2			613.2
Total net sales			580.6			1,521.4			1,596.1			4,507.9
Cost of sales			360.3			836.7			1,137.7			2,552.7
Gross profit on sales			220.3			684.7			458.4			1,955.2
Research and development costs			115.4			141.0			466.8			523.4
Selling, general and administrative costs	3		36.5			50.1			154.7			181.1
Income (loss) from operations			68.4			493.6			(163.1	)		1,250.7
Interest expense	3		(3.5	)		(1.1	)		(8.4	)		(8.2	)
Income (loss) from operations before income taxes			64.9			492.5			(171.5	)		1,242.5
(Provision for) benefit from income taxes			(14.4	)		(85.7	)		20.6			(220.7	)
Net income (loss)			50.5			406.8			(150.9	)		1,021.8
Basic net income (loss) per ordinary share			0.12			0.94			(0.35	)		2.35
Diluted net income (loss) per ordinary share	4		0.12			0.93			(0.35	)		2.33
Number of ordinary shares used in computing per share amounts (in millions):
Basic			433.2			435.9			432.6			435.1
Diluted	4		437.0			439.9			432.6			439.0

ASML — Ratios and Other Data ^1,2

		Three months ended,				Twelve months ended,
		Dec 31, 2009		Dec 31, 2010		Dec 31, 2009			Dec 31, 2010
Gross profit as a % of net sales			38.0		45.0		28.7			43.4
Income (loss) from operations as a % of net sales	3		11.8		32.4		(10.2	)		27.7
Net income (loss) as a % of net sales			8.7		26.7		(9.5	)		22.7
Shareholders’ equity as a % of total assets	3		47.1		44.9		47.1			44.9
Income taxes as a % of income (loss) before income taxes			22.2		17.4		12.0			17.8
Sales of systems (in units)			25		69		70			197
ASP of systems sales (EUR million)			17.3		19.0		16.8			19.8
Value of systems backlog (EUR million)	5		2,114		3,856		2,114			3,856
Systems backlog (in units)	5		69		157		69			157
ASP of systems backlog (EUR million)	5		30.6		24.6		30.6			24.6
Value of booked systems (EUR million)	5		1,059		2,315		2,535			6,213
Net bookings (in units)	5		40		117		98			285
ASP of booked systems (EUR million)	5		26.5		19.8		25.9			21.8
Number of payroll employees in FTEs			6,548		7,184		6,548			7,184
Number of temporary employees in FTEs			1,137		2,061		1,137			2,061

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

(in millions EUR)		Dec 31, 2009		Dec 31, 2010
ASSETS
Cash and cash equivalents			1,037.1		1,949.8
Accounts receivable, net			377.4		1,123.5
Finance receivables, net			21.6		12.6
Current tax assets			11.3		12.7
Inventories, net			963.4		1,497.2
Deferred tax assets			119.4		134.5
Other assets			218.7		214.2
Total current assets			2,748.9		4,944.5
Finance receivables, net			—		28.9
Deferred tax assets			133.3		71.0
Other assets			77.0		235.7
Goodwill			131.5		141.3
Other intangible assets, net			18.1		13.7
Property, plant and equipment, net	3		655.4		745.3
Total non-current assets			1,015.3		1,235.9
Total assets			3,764.2		6,180.4
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities			1,044.2		2,155.8
Accrued liabilities and other liabilities			44.3		373.1
Deferred and other tax liabilities			188.4		155.7
Provisions			12.7		11.8
Long-term debt	3		699.8		710.1
Total non-current liabilities			945.2		1,250.7
Total liabilities			1,989.4		3,406.5
Shareholders’ equity			1,774.8		2,773.9
Total liabilities and shareholders’ equity			3,764.2		6,180.4

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

		Three months ended,						Twelve months ended,
(in millions EUR)		Dec 31, 2009			Dec 31, 2010			Dec 31, 2009			Dec 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			50.5			406.8			(150.9	)		1,021.8
Depreciation and amortization	3		34.0			39.5			141.6			151.4
Impairment			0.3			7.0			15.9			8.6
Loss on disposals of property, plant and equipment			1.0			0.9			4.1			2.9
Share-based payments			4.5			2.3			13.4			12.1
Allowance for doubtful debts			0.1			(2.1	)		2.0			(1.3	)
Allowance for obsolete inventory			7.4			5.2			86.6			55.7
Deferred income taxes			13.3			(43.1	)		(49.4	)		28.1
Change in assets and liabilities			(91.7	)		(114.1	)		35.9			(339.3	)
Net cash provided by operating activities			19.4			302.4			99.2			940.0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment			(7.7	)		(68.9	)		(105.0	)		(128.7	)
Proceeds from sale of property, plant and equipment			—			3.8			6.9			3.8
Net cash used in investing activities			(7.7	)		(65.1	)		(98.1	)		(124.9	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid			—			—			(86.5	)		(87.0	)
Net proceeds from issuance of shares and stock options			6.4			10.5			11.1			31.0
Excess tax benefits from stock options			1.0			(0.3	)		2.0			0.1
Deposits from customers			—			150.0			—			150.0
Net proceeds from other long-term debt			—			—			0.1			—
Redemption and/or repayment of debt	3		(0.4	)		(0.3	)		(1.6	)		(1.4	)
Net cash provided by (used in) financing activities			7.0			159.9			(74.9	)		92.7
Net cash flows			18.7			397.2			(73.8	)		907.8
Effect of changes in exchange rates on cash			0.4			4.6			1.7			4.9
Net increase (decrease) in cash & cash equivalents			19.1			401.8			(72.1	)		912.7

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

		Three months ended,
		Dec 31,			Mar 28,			Jun 27,			Sep 26,			Dec 31,
(in millions EUR, except per share data)		2009			2010			2010			2010			2010
Net system sales			431.8			631.6			923.0			1,027.0			1,313.1
Net service and field option sales			148.8			110.2			145.7			149.0			208.3
Total net sales			580.6			741.8			1,068.7			1,176.0			1,521.4
Cost of sales			360.3			443.2			609.3			663.5			836.7
Gross profit on sales			220.3			298.6			459.4			512.5			684.7
Research and development costs			115.4			120.3			125.3			136.8			141.0
Selling, general and administrative costs	3		36.5			41.4			41.7			47.9			50.1
Income from operations			68.4			136.9			292.4			327.8			493.6
Interest expense	3		(3.5	)		(2.8	)		(2.7	)		(1.6	)		(1.1	)
Income from operations before income taxes			64.9			134.1			289.7			326.2			492.5
Provision for income taxes			(14.4	)		(26.8	)		(50.5	)		(57.7	)		(85.7	)
Net income			50.5			107.3			239.2			268.5			406.8
Basic net income per ordinary share			0.12			0.25			0.55			0.61			0.94
Diluted net income per ordinary share	4		0.12			0.25			0.54			0.61			0.93
Number of ordinary shares used in computing per share amounts (in millions):
Basic			433.2			434.0			435.1			435.5			435.9
Diluted	4		437.0			437.9			438.9			439.3			439.9

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

		Three months ended,
		Dec 31,		Mar 28,		Jun 27,		Sep 26,		Dec 31,
		2009		2010		2010		2010		2010
Gross profit as a % of net sales			38.0		40.3		43.0		43.6		45.0
Income from operations as a % of net sales	3		11.8		18.5		27.4		27.9		32.4
Net income as a % of net sales			8.7		14.5		22.4		22.8		26.7
Shareholders’ equity as a % of total assets	3		47.1		41.2		42.7		42.5		44.9
Income taxes as a % of income before income taxes			22.2		20.0		17.4		17.7		17.4
Sales of systems (in units)			25		34		43		51		69
ASP of system sales (EUR million)			17.3		18.6		21.5		20.1		19.0
Value of systems backlog (EUR million)	5		2,114		2,524		2,803		2,983		3,856
Systems backlog (in units)	5		69		85		100		109		157
ASP of systems backlog (EUR million)	5		30.6		29.7		28.0		27.4		24.6
Value of booked systems (EUR million)	5		1,059		1,165		1,342		1,391		2,315
Net bookings (in units)	5		40		50		58		60		117
ASP of booked systems (EUR million)	5		26.5		23.3		23.1		23.2		19.8
Number of payroll employees in FTEs			6,548		6,591		6,691		6,919		7,184
Number of temporary employees in FTEs			1,137		1,331		1,500		1,803		2,061

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

		Dec 31,		Mar 28,		Jun 27,		Sep 26,		Dec 31,
(in millions EUR)		2009		2010		2010		2010		2010
ASSETS
Cash and cash equivalents			1,037.1		1,087.3		1,188.6		1,548.0		1,949.8
Accounts receivable, net			377.4		629.8		811.5		915.0		1,123.5
Finance receivables, net			21.6		23.3		—		12.3		12.6
Current tax assets			11.3		37.5		74.7		82.4		12.7
Inventories, net			963.4		1,155.5		1,309.3		1,449.8		1,497.2
Deferred tax assets			119.4		107.5		100.7		71.2		134.5
Other assets			218.7		247.3		248.7		269.4		214.2
Total current assets			2,748.9		3,288.2		3,733.5		4,348.1		4,944.5
Finance receivables, net			—		—		—		32.2		28.9
Deferred tax assets			133.3		127.9		126.4		93.7		71.0
Other assets			77.0		99.1		94.4		110.6		235.7
Goodwill			131.5		141.1		153.2		140.9		141.3
Other intangible assets, net			18.1		17.8		16.4		15.0		13.7
Property, plant and equipment, net	3		655.4		720.7		742.8		720.6		745.3
Total non-current assets			1,015.3		1,106.6		1,133.2		1,113.0		1,235.9
Total assets			3,764.2		4,394.8		4,866.7		5,461.1		6,180.4
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities			1,044.2		1,613.0		1,782.7		2,163.2		2,155.8
Accrued liabilities and other liabilities			44.3		45.9		57.3		58.4		373.1
Deferred and other tax liabilities			188.4		200.1		205.0		172.7		155.7
Provisions			12.7		13.0		13.8		12.1		11.8
Long-term debt	3		699.8		711.8		728.6		735.4		710.1
Total non-current liabilities			945.2		970.8		1,004.7		978.6		1,250.7
Total liabilities			1,989.4		2,583.8		2,787.4		3,141.8		3,406.5
Shareholders’ equity			1,774.8		1,811.0		2,079.3		2,319.3		2,773.9
Total liabilities and shareholders’ equity			3,764.2		4,394.8		4,866.7		5,461.1		6,180.4

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

					Three months ended,
		Dec 31,			Mar 28,			Jun 27,			Sep 26,			Dec 31,
(in millions EUR)		2009			2010			2010			2010			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income			50.5			107.3			239.2			268.5			406.8
Depreciation and amortization	3		34.0			34.7			36.2			41.0			39.5
Impairment			0.3			0.8			0.7			0.1			7.0
Loss on disposals of property, plant and equipment			1.0			0.6			1.0			0.4			0.9
Share-based payments			4.5			2.8			2.4			4.6			2.3
Allowance for doubtful debts			0.1			0.2			—			0.6			(2.1	)
Allowance for obsolete inventory			7.4			13.8			21.2			15.5			5.2
Deferred income taxes			13.3			23.7			6.1			41.4			(43.1	)
Change in assets and liabilities			(91.7	)		(142.8	)		(113.8	)		31.4			(114.1	)
Net cash provided by operating activities			19.4			41.1			193.0			403.5			302.4
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment			(7.7	)		(7.2	)		(18.0	)		(34.6	)		(68.9	)
Proceeds from sale of property, plant and equipment			—			—			—			—			3.8
Net cash used in investing activities			(7.7	)		(7.2	)		(18.0	)		(34.6	)		(65.1	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid			—			—			(87.0	)		—			—
Net proceeds from issuance of shares and stock options			6.4			10.4			7.8			2.3			10.5
Excess tax benefits from stock options			1.0			—			—			0.4			(0.3	)
Deposits from customers			—			—			—			—			150.0
Redemption and/or repayment of debt	3		(0.4	)		(0.4	)		(0.3	)		(0.4	)		(0.3	)
Net cash provided by (used in) financing activities			7.0			10.0			(79.5	)		2.3			159.9
Net cash flows			18.7			43.9			95.5			371.2			397.2
Effect of changes in exchange rates on cash			0.4			6.3			5.8			(11.8	)		4.6
Net increase in cash & cash equivalents			19.1			50.2			101.3			359.4			401.8

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 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, 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.

The main portion of our revenue is derived from contractual arrangements with our customers that have multiple deliverables, such as installation and training services and prepaid extended and enhanced (optic) warranty contracts. The revenue relating to the undelivered elements of the arrangements is deferred at fair value until delivery of these elements. The fair value is determined by vendor specific objective evidence (“VSOE”) except the fair value of the prepaid extended and enhanced (optic) warranty contracts, which is based on the list price. VSOE is determined based upon the prices that we charge for installation and comparable services (such as relocating a system to another customer site) on a stand-alone basis, which are subject to normal price negotiations. Revenue from installation and training services is recognized when the services are completed. Revenue from prepaid extended and enhanced (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 forecasted sales and 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 December 31, 2010, equity includes EUR 40.8 million loss (net of taxes: EUR 35.9; December 31, 2009: EUR 41.8 million loss) representing the total anticipated loss to be charged to sales, and EUR 7.0 million loss (net of taxes: EUR 6.1 loss; December 31, 2009: EUR 0.5 million gain) to be charged 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,						Twelve months ended,
(in thousands EUR)	Dec 31, 2009			Dec 31, 2010			Dec 31, 2009			Dec 31, 2010
Net income (loss) under U.S. GAAP		50.5			406.8			(150.9	)		1,021.8
Share-based payments (see Note 1)		0.1			0.5			2.4			0.3
Development costs (see Note 2)		(8.0	)		(33.2	)		49.8			(19.5	)
Reversal of write-downs (see Note 3)		(11.4	)		(5.1	)		17.1			(14.6	)
Income taxes (see Note 4)		3.6			(6.8	)		0.2			(2.5	)
Net income (loss) under IFRS		34.8			362.2			(81.4	)		985.5

Shareholders’ equity

	Dec 31,		Mar 28,		Jun 27,		Sep 26,			Dec 31,
(in thousands EUR)	2009		2010		2010		2010			2010
Shareholders’ equity under U.S. GAAP		1,774.8		1,811.0		2,079.3		2,319.3			2,773.9
Share-based payments (see Note 1)		2.4		3.5		0.5		(0.2	)		6.6
Development costs (see Note 2)		251.5		255.8		269.1		268.0			234.3
Reversal of write-downs (see Note 3)		17.1		13.8		17.3		7.6			2.6
Income taxes (see Note 4)		5.0		0.8		1.2		11.5			5.1
Shareholders’ equity under IFRS		2,050.8		2,084.9		2,367.4		2,606.2			3,022.5

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, dividend policy and intention to repurchase shares. 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, available cash, distributable reserves for dividend payments and share repurchases 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.
5	In the past, ASML valued net bookings and systems backlog at net system sales value, which does not reflect the full order value because it excludes the value of options and services related to the systems. Starting with the fourth quarter of 2010, in order to more adequately reflect the business circumstances, ASML values net bookings and systems backlog at full order value (i.e., including options and services). The comparative figures have been adjusted to reflect this change.

EX-99.4

Exhibit 99.4

ASML — Summary IFRS Consolidated Income Statement ^1,2

		Three months ended,						Twelve months ended,
(in millions EUR)		Dec 31, 2009			Dec 31, 2010			Dec 31, 2009			Dec 31, 2010
Net system sales			431.8			1,313.1			1,174.9			3,894.7
Net service and field option sales			148.8			208.3			421.2			613.2
Total net sales			580.6			1,521.4			1,596.1			4,507.9
Cost of sales			432.3			860.4			1,210.9			2,696.1
Gross profit on sales			148.3			661.0			385.2			1,811.8
Research and development costs			69.7			184.0			304.7			468.1
Selling, general and administrative costs	3		40.0			51.1			156.5			182.4
Operating income (loss)			38.6			425.9			(76.0	)		1,161.3
Interest charges	3		(6.4	)		(1.0	)		(7.9	)		(7.7	)
Income (loss) before income taxes			32.2			424.9			(83.9	)		1,153.6
Provision for income taxes			2.6			(62.7	)		2.5			(168.1	)
Net income (loss)			34.8			362.2			(81.4	)		985.5

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

(in millions EUR)		Dec 31, 2009		Dec 31, 2010
ASSETS
Property, plant and equipment	3		662.2		745.3
Goodwill			139.6		150.1
Other intangible assets			346.9		277.0
Deferred tax assets			266.7		234.2
Finance receivables			—		28.9
Derivative financial instruments			55.9		71.8
Other assets			16.1		159.6
Total non-current assets			1,487.4		1,666.9
Inventories			986.4		1,500.1
Current tax assets			11.3		12.7
Derivative financial instruments			47.4		24.4
Finance receivables			21.6		12.6
Accounts receivable			377.4		1,123.5
Other assets			145.9		163.8
Cash and cash equivalents			1,037.1		1,949.8
Total current assets			2,627.1		4,786.9
Total assets			4,114.5		6,453.8
EQUITY AND LIABILITIES
Equity			2,050.8		3,022.5
Long-term debt	3		705.0		705.7
Derivative financial instruments			1.9		2.0
Deferred and other tax liabilities			264.0		203.2
Provisions			12.7		11.8
Accrued liabilities and other liabilities			42.4		371.0
Total non-current liabilities			1,026.0		1,293.7
Provisions			2.5		2.3
Derivative financial instruments			15.6		32.9
Current tax liabilities			15.0		61.2
Accrued liabilities and other liabilities			798.4		1,485.8
Accounts payable			206.2		555.4
Total current liabilities			1,037.7		2,137.6
Total equity and liabilities			4,114.5		6,453.8

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

		Three months ended,						Twelve months ended,
(in millions EUR)		Dec 31, 2009			Dec 31, 2010			Dec 31, 2009			Dec 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			34.8			362.2			(81.4	)		985.5
Depreciation and amortization	3		90.6			54.4			239.6			267.1
Impairment charges			1.3			10.7			16.9			19.5
Loss on disposals of property, plant and equipment			1.0			0.9			4.1			2.9
Share-based payments			4.5			2.3			13.4			12.1
Allowance for doubtful debts			0.1			(2.1	)		1.9			(1.3	)
Allowance for obsolete inventory			(21.4	)		3.9			19.5			28.5
Deferred income taxes			6.7			(64.5	)		(27.3	)		(27.1	)
Change in assets and liabilities			(49.8	)		(106.9	)		83.3			(284.7	)
Net cash provided by operating activities			67.8			260.9			270.0			1,002.5
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment			(7.7	)		(68.9	)		(105.0	)		(128.7	)
Proceeds from sale of property, plant and equipment			—			3.8			6.9			3.8
Purchases of intangible assets			(45.7	)		43.0			(162.0	)		(55.4	)
Net cash used in investing activities			(53.4	)		(22.1	)		(260.1	)		(180.3	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid			—			—			(86.5	)		(87.0	)
Net proceeds from issuance of shares and stock options			6.4			10.5			11.1			31.0
Deposits from customers			—			150.0			—			150.0
Net proceeds from other long-term debt			—			—			0.1			—
Redemption and/or repayment of debt	3		(2.1	)		(2.1	)		(8.4	)		(8.4	)
Net cash provided by (used in) financing activities			4.3			158.4			(83.7	)		85.6
Net cash flows			18.7			397.2			(73.8	)		907.8
Effect of changes in exchange rates on cash			0.4			4.6			1.7			4.9
Net increase (decrease) in cash & cash equivalents			19.1			401.8			(72.1	)		912.7

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

		Three months ended,
		Dec 31,			Mar 28,			Jun 27,			Sep 26,			Dec 31,
(in millions EUR)		2009			2010			2010			2010			2010
Net system sales			431.8			631.6			923.0			1,027.0			1,313.1
Net service and field option sales			148.8			110.2			145.7			149.0			208.3
Total net sales			580.6			741.8			1,068.7			1,176.0			1,521.4
Cost of sales			432.3			476.6			648.0			711.1			860.4
Gross profit on sales			148.3			265.2			420.7			464.9			661.0
Research and development costs			69.7			88.9			87.4			107.8			184.0
Selling, general and administrative costs	3		40.0			40.0			43.0			48.3			51.1
Operating income			38.6			136.3			290.3			308.8			425.9
Interest income (charges)	3		(6.4	)		(5.9	)		(3.5	)		2.7			(1.0	)
Income before income taxes			32.2			130.4			286.8			311.5			424.9
(Provision for) benefit from income taxes			2.6			(29.1	)		(34.2	)		(42.1	)		(62.7	)
Net income			34.8			101.3			252.6			269.4			362.2

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

		Dec 31,		Mar 28,		Jun 27,		Sep 26,		Dec 31,
(in millions EUR)		2009		2010		2010		2010		2010
ASSETS
Property, plant and equipment	3		662.2		726.7		749.4		724.8		745.3
Goodwill			139.6		149.8		162.8		149.7		150.1
Other intangible assets			346.9		351.4		350.6		339.4		277.0
Deferred tax assets			266.7		260.6		229.1		177.0		234.2
Finance receivables			—		—		—		32.2		28.9
Derivative financial instruments			55.9		79.3		71.2		87.3		71.8
Other assets			16.1		15.0		18.6		18.8		159.6
Total non-current assets			1,487.4		1,582.8		1,581.7		1,529.2		1,666.9
Inventories			986.4		1,174.0		1,327.8		1,458.5		1,500.1
Current tax assets			11.3		37.5		74.7		82.4		12.7
Derivative financial instruments			47.4		33.5		34.6		32.5		24.4
Finance receivables			21.6		23.3		—		12.3		12.6
Accounts receivable			377.4		629.8		811.5		915.0		1,123.5
Other assets			145.9		175.2		176.7		209.3		163.8
Cash and cash equivalents			1,037.1		1,087.3		1,188.6		1,548.0		1,949.8
Total current assets			2,627.1		3,160.6		3,613.9		4,258.0		4,786.9
Total assets			4,114.5		4,743.4		5,195.6		5,787.2		6,453.8
EQUITY AND LIABILITIES
Equity			2,050.8		2,084.9		2,367.4		2,606.2		3,022.5
Long-term debt	3		705.0		715.5		730.7		735.9		705.7
Derivative financial instruments			1.9		2.4		3.2		3.5		2.0
Deferred and other tax liabilities			264.0		277.1		248.8		215.4		203.2
Provisions			12.7		13.0		13.8		12.1		11.8
Accrued liabilities and other liabilities			42.4		43.3		54.2		55.0		371.0
Total non-current liabilities			1,026.0		1,051.3		1,050.7		1,021.9		1,293.7
Provisions			2.5		2.7		2.7		2.5		2.3
Derivative financial instruments			15.6		30.0		56.8		32.5		32.9
Current tax liabilities			15.0		5.8		13.3		26.7		61.2
Accrued liabilities and other liabilities			798.4		1,190.9		1,128.8		1,427.8		1,485.8
Accounts payable			206.2		377.8		575.9		669.6		555.4
Total current liabilities			1,037.7		1,607.2		1,777.5		2,159.1		2,137.6
Total equity and liabilities			4,114.5		4,743.4		5,195.6		5,787.2		6,453.8

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

		Three months ended,
		Dec 31,			Mar 28,			Jun 27,			Sep 26,			Dec 31,
(in millions EUR)		2009			2010			2010			2010			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income			34.8			101.3			252.6			269.4			362.2
Depreciation and amortization	3		90.6			64.3			70.0			78.4			54.4
Impairment charges			1.3			0.8			7.9			0.1			10.7
Loss on disposals of property, plant and equipment			1.0			0.6			1.0			0.4			0.9
Share-based payments			4.5			2.8			2.4			4.6			2.3
Allowance for doubtful debts			0.1			0.2			—			0.6			(2.1	)
Allowance for obsolete inventory			(21.4	)		2.4			14.5			7.7			3.9
Deferred income taxes			6.7			13.8			(7.6	)		31.2			(64.5	)
Change in assets and liabilities			(49.8	)		(112.0	)		(108.1	)		42.3			(106.9	)
Net cash provided by operating activities			67.8			74.2			232.7			434.7			260.9
Purchases of property, plant and equipment			(7.7	)		(7.2	)		(18.0	)		(34.6	)		(68.9	)
Proceeds from sale of property, plant and equipment			—			—			—			—			3.8
Purchases of intangible assets			(45.7	)		(31.4	)		(37.9	)		(29.1	)		43.0
Net cash used in investing activities			(53.4	)		(38.6	)		(55.9	)		(63.7	)		(22.1	)
Dividend paid			—			—			(87.0	)		—			—
Net proceeds from issuance of shares and stock options			6.4			10.4			7.8			2.3			10.5
Deposits from customers			—			—			—			—			150.0
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			4.3			8.3			(81.3	)		0.2			158.4
Net cash flows			18.7			43.9			95.5			371.2			397.2
Effect of changes in exchange rates on cash			0.4			6.3			5.8			(11.8	)		4.6
Net increase in cash & cash equivalents			19.1			50.2			101.3			359.4			401.8

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 forecasted sales and 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 December 31, 2010, equity includes EUR 40.8 million loss (net of taxes: EUR 35.9; December 31, 2009: EUR 41.8 million loss) representing the total anticipated loss to be charged to sales, and EUR 7.0 million loss (net of taxes: EUR 6.1 loss; December 31, 2009: EUR 0.5 million gain) to be charged 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,						Twelve months ended,
(in thousands EUR)	Dec 31, 2009			Dec 31, 2010			Dec 31, 2009			Dec 31, 2010
Net income (loss) under U.S. GAAP		50.5			406.8			(150.9	)		1,021.8
Share-based payments (see Note 1)		0.1			0.5			2.4			0.3
Development costs (see Note 2)		(8.0	)		(33.2	)		49.8			(19.5	)
Reversal of write-downs (see Note 3)		(11.4	)		(5.1	)		17.1			(14.6	)
Income taxes (see Note 4)		3.6			(6.8	)		0.2			(2.5	)
Net income (loss) under IFRS		34.8			362.2			(81.4	)		985.5

Shareholders’ equity

	Dec 31,		Mar 28,		Jun 27,		Sep 26,			Dec 31,
(in thousands EUR)	2009		2010		2010		2010			2010
Shareholders’ equity under U.S. GAAP		1,774.8		1,811.0		2,079.3		2,319.3			2,773.9
Share-based payments (see Note 1)		2.4		3.5		0.5		(0.2	)		6.6
Development costs (see Note 2)		251.5		255.8		269.1		268.0			234.3
Reversal of write-downs (see Note 3)		17.1		13.8		17.3		7.6			2.6
Income taxes (see Note 4)		5.0		0.8		1.2		11.5			5.1
Shareholders’ equity under IFRS		2,050.8		2,084.9		2,367.4		2,606.2			3,022.5

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, dividend policy and intention to repurchase shares. 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, available cash, distributable reserves for dividend payments and share repurchases 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.