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 16, 2008

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):

THIS REPORT ON FORM 6-K IS 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) AND THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-144356) OF ASML HOLDING N.V.

TABLE OF CONTENTS

EX-99.1

EX-99.2

EX-99.3

Exhibits
99.1	“ASML Announces 2008 First Quarter Results — ASML Continues to Execute its Leadership Strategy, Expects Gradual Order Pick-Up,” press release dated April 16, 2008
99.2	Summary U.S. GAAP Consolidated Statements of Operations
99.3	Summary IFRS Consolidated Statements of Operations

“Safe Harbor” Statement under the U.S. 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 sales 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), 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 outcome 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 U.S. Securities and Exchange Commission.

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 16, 2008	By:	/s/ Peter T.F.M. Wennink
		Peter T.F.M. Wennink
		Executive Vice President and Chief Financial Officer

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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
Franki D’Hoore — Investor Relations — +31 40 268 6494 — Veldhoven, the Netherlands

ASML announces 2008 First Quarter Results
ASML continues to execute its leadership strategy, expects gradual order pick-up

VELDHOVEN, the Netherlands, April 16, 2008 — ASML Holding NV (ASML) today announces 2008 first quarter results according to US GAAP as follows:

• Q1 2008 net sales of EUR 919 million versus Q4 2007 net sales of EUR 955¹ million (Q1 2007 net sales of EUR 949¹ million)

• Q1 2008 net income of EUR 145 million or 15.8 percent of net sales versus Q4 2007 net income of EUR 201¹ million or 21.0¹ percent of net sales (Q1 2007 net income of EUR 153¹ million or 16.1¹ percent of net sales)

• Q1 2008 net bookings valued at EUR 312 million with 26 systems including 17 new and 9 used systems, leading to an order backlog valued at EUR 1,167 million as of March 30, 2008.

“Thanks to strong immersion product shipments, we were able to generate net sales above EUR 900 million for the eighth quarter in a row,” said Eric Meurice, president and CEO of ASML. “We shipped 14 immersion machines, our most advanced system, as Flash memory makers are ramping chip production in the 50 nanometer (nm) range, and as most other semiconductor manufacturers are in varying phases of developing immersion production processes and preparing for immersion volume production. Beyond immersion technology, we can report progress on Extreme Ultraviolet (EUV), as the world’s first working full-field test chip made on one of our EUV machines was announced at the SPIE Advanced Lithography conference in February. We also concluded our latest share buyback program and announced that we will initiate an

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annual dividend of EUR 0.25 per ordinary share, confirming ASML’s stable and cash-generative performance,” Meurice said.

Operations Update

In Q1 2008, ASML net sales of EUR 919 million included 43 new and 7 used systems, totaling net system sales of EUR 820 million, and net service and field options sales of EUR 99 million. Net system sales for Q4 2007 included the shipment of 50 new and 5 used machines, totaling EUR 835¹ million, and net service and field options sales of EUR 120 million.

The Q1 2008 average selling price for a new system increased to EUR 18.7 million, compared with the Q4 2007 average selling price (ASP) for a new system of EUR 16.2¹ million, as a result of a shift of the product mix to systems with a higher ASP. The Q1 2008 average selling price for all ASML systems sold was EUR 16.4 million, compared with the Q4 2007 average selling price of EUR 15.2¹ million.

Q1 2008 net bookings totaled 26 systems valued at EUR 312 million, reflecting a large proportion of used and logic systems, with 17 new systems with an average selling price for new systems of EUR 15.7 million.

ASML’s order backlog as of March 30, 2008 decreased to EUR 1,167 million, totaling 65 systems with an average selling price of EUR 18.0 million. For comparison, ASML’s backlog as of December 31, 2007 was valued at EUR 1,697 million, totaling 89 systems with an average selling price of EUR 19.1 million.

In Q1 2008, ASML generated a net income of EUR 145 million or EUR 0.34 per ordinary share as compared with a net income of EUR 201¹ million in Q4 2007 or EUR 0.46¹ per ordinary share.

The company’s Q1 2008 gross margin was 40.6 percent, compared with the Q4 2007 gross margin of 40.8¹ percent.

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Q1 2008 research and development (R&D) costs were EUR 128 million net of credits, compared with Q4 2007 R&D costs of EUR 129 million net of credits.

Selling, general and administrative (SG&A) costs were EUR 57 million in Q1 2008, compared with SG&A costs of EUR 57 million in Q4 2007.

Net cash from operations was EUR 263 million in Q1 2008. ASML ended Q1 2008 with EUR 1,397 million in cash and cash equivalents.

Outlook

“We booked 26 systems during the quarter, reflecting on the one hand a sustained demand from Logic customers and on the other the delayed ramps of two new Flash memory fabs and of one DRAM fab extension. We expect a gradual unit order pick-up from the second quarter onwards, driven by strategic and technological developments; lithography demand will be supported in particular by the new 45 nm node Flash memory ramp required in the 2008 second half, the expected firming up of DRAM prices and the completion of new strategic alignments between DRAM makers. We expect that the resulting order mix will favor our leading-edge technology systems, fuelling a significant increase in the second quarter bookings value. We however expect the unit order pick-up to be gradual until second tier DRAM vendors start ordering immersion systems and until Flash vendors start preparing their 2009 double patterning ramp. This order pattern will translate into weaker net sales for the next two quarters. This brings our estimate for full year 2008 net sales down by about 10% as compared with the record sales achieved in 2007. Given our current view of the duration of the correction in semiconductor capital expenditures, we are trimming Manufacturing and SG&A variable costs for the 2008 second half while keeping R&D stable,” Meurice said.

The company expects to ship 42 systems in Q2 2008 with an average selling price of EUR 21.2 million for new systems and an average selling price for all systems of EUR 17.0 million. The company expects a gross margin in Q2 2008 of approximately 40 percent, R&D expenditures to increase to EUR 130 million, net of credits and SG&A costs to be EUR 58 million.

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About ASML

ASML is the world’s leading provider of lithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. ASML has more than 6,750 employees, serving chip manufacturers in more than 60 locations in 16 countries. For more information, visit our website: 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 and equity from US GAAP to IFRS are available on 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 stock option plans and the accounting of income taxes. Quarterly IFRS statements of operations, statements of cash flows, balance sheets and a reconciliation of net income and equity from US GAAP to IFRS are available on www.asml.com

The consolidated balance sheets of ASML Holding N.V. as of March 30, 2008, the related consolidated statements of operations and consolidated statements of cash flows for the quarter ended March 30, 2008 as presented in this press release are unaudited.

Investor and Media 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 20 531 5856 and the US +1 706 679 0473. To listen to the conference call, access is also available via www.asml.com

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A presentation about 2008 first quarter results is available on www.asml.com

A video statement of CFO Peter Wennink is available on www.asml.com

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

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 sales 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), 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 outcome 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 As of January 1, 2008 ASML accounts for award credits offered to its customers as part of a volume purchase agreement using the deferred revenue model. Until December 31, 2007 the cost accrual method was used. This change in accounting policy was made because the deferred revenue model better reflects the business rationale. In addition the International Financial Reporting Interpretation Committee concludes in interpretation 13 (IFRIC 13 “Customer Loyalty Programmes”) that the deferred revenue model is the appropriate accounting treatment. Comparative figures for 2007 were adjusted to reflect this change in accounting policy. The impact of this change on equity as per January 1, 2007 amounted to EUR 8.1 million (decrease) and on net income for the year 2007 and the first quarter of 2008 amounted to EUR 8.6 million (decrease) and EUR 0.1 million (increase) respectively.

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EX-99.2

Exhibit 99.2

ASML — Summary U.S. GAAP Consolidated Statements of Operations^1,4

	Three months ended,
(in thousands EUR, except per share data)	Apr 1, 2007			Mar 30, 2008
Net system sales		847,376			819,986
Net service and field option sales		101,295			99,222
Total net sales		948,671			919,208
Cost of sales		556,853			545,583
Gross profit on sales		391,818			373,625
Research and development costs, net of credits		116,442			128,259
Amortization of in process R&D		23,148			—
Selling, general and administrative costs		56,330			57,328
Income from operations		195,898			188,038
Interest income		10,260			4,203
Income from operations before income taxes		206,158			192,241
Provision for income taxes		(53,483	)		(47,118	)
Net income		152,675			145,123
Basic net income per ordinary share		0.32			0.34
Diluted net income per ordinary share		0.31	2,3		0.33	3
Number of ordinary shares used in computing per share amounts (in thousands):
Basic		473,573			431,600
Diluted		502,613	2,3		434,959	3

ASML — Ratios and Other Data^1,4

	Three months ended,
	Apr 1, 2007		Mar 30, 2008
Gross profit as a % of net sales		41.3		40.6
Income from operations as a % of net sales		20.6		20.5
Net income as a % of net sales		16.1		15.8
Shareholders’ equity as a % of total assets		53.3		44.5
Income taxes as a % of income before income taxes		25.9		24.5
Sales of systems total (in units)		77		50
ASP of systems sales (EUR million)		11.0		16.4
Value of backlog systems total (EUR million)		2,163		1,167
Backlog systems total (in units)		148		65
ASP of backlog systems (EUR million)		14.6		18.0
Value of bookings systems total (EUR million)		911		312
Net bookings total (in units)		62		26
ASP of bookings systems (EUR million)		14.7		12.0
Number of employees		5,975		6,765

ASML — Summary U.S. GAAP Consolidated Balance Sheets^1,4

(in thousands EUR)	Dec 31, 2007		Mar 30, 2008
ASSETS
Cash and cash equivalents		1,271,636		1,397,144
Accounts receivable, net		637,975		741,515
Inventories, net		1,102,210		1,152,010
Deferred tax assets short-term		73,019		71,031
Other current assets		234,529		267,586
Total current assets		3,319,369		3,629,286
Deferred tax assets long-term		141,032		135,836
Other assets		59,991		85,700
Goodwill		128,271		119,717
Other intangible assets, net		38,195		32,507
Property, plant and equipment, net		380,894		401,359
Total assets		4,067,752		4,404,405
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities		1,321,442		1,562,261
Deferred tax and other liabilities		245,415		261,507
Other deferred liabilities		7,936		7,170
Other long-term debt		602,016		615,313
Total liabilities		2,176,809		2,446,251
Shareholders’ equity		1,890,943		1,958,154
Total liabilities and shareholders’ equity		4,067,752		4,404,405

ASML — Summary U.S. GAAP Consolidated Statements of Cash Flows^1,4

	Three months ended,
(in thousands EUR)	Apr 1, 2007			Mar 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		152,675			145,123
Depreciation and amortization		53,362			30,576
Change in tax assets and liabilities		18,742			21,797
Change in assets and liabilities		(53,011	)		65,186
Net cash provided by operating activities		171,768			262,682
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment		(35,789	)		(55,032	)
Proceeds from sale of property, plant and equipment		4,306			1,103
Acquisition of subsidiary (net of cash acquired)		(188,011	)		—
Net cash used in investing activities		(219,494	)		(53,929	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of shares in conjunction with conversion rights of bond holders and stock options		(156,253	)		(87,603	)
Net proceeds from issuance of shares and stock options		12,815			6,542
Excess tax benefits from stock options		627			2
Redemption and/or repayment of debt		(234	)		—
Net cash used in financing activities		(143,045	)		(81,059	)
Net cash flows		(190,771	)		127,694
Effect of changes in exchange rates on cash		(1,874	)		(2,186	)
Net increase (decrease) in cash & cash equivalents		(192,645	)		125,508

ASML — Quarterly Summary U.S. GAAP Consolidated Statements of Operations^1,4

	Three months ended,
	Apr 1,			Jul 1,			Sep 30,			Dec 31,			Mar 30,
(in millions EUR)	2007			2007			2007			2007			2008
Net system sales		847.4			825.8			843.2			834.8			820.0
Net service and field option sales		101.3			104.4			91.2			120.1			99.2
Total net sales		948.7			930.2			934.4			954.9			919.2
Cost of sales		556.9			546.9			549.4			565.3			545.6
Gross profit on sales		391.8			383.3			385.0			389.6			373.6
Research and development costs, net of credits		116.5			120.3			120.1			129.3			128.3
Amortization of in process R&D		23.1			—			—			—			—
Selling, general and administrative costs		56.3			56.4			56.0			56.9			57.3
Income from operations		195.9			206.6			208.9			203.4			188.0
Interest income		10.3			8.1			9.5			5.5			4.2
Income from operations before income taxes		206.2			214.7			218.4			208.9			192.2
Provision for income taxes		(53.5	)		(55.2	)		(52.1	)		(8.1	)		(47.1	)
Net income		152.7			159.5			166.3			200.8			145.1

ASML — Quarterly Summary Ratios and other data^1,4

	Three months ended,
	Apr 1,		Jul 1,		Sep 30,		Dec 31,		Mar 30,
	2007		2007		2007		2007		2008
Gross profit as a % of net sales		41.3		41.2		41.2		40.8		40.6
Income from operations as a % of net sales		20.6		22.2		22.4		21.3		20.5
Net income as a % of net sales		16.1		17.1		17.8		21.0		15.8
Shareholders’ equity as a % of total assets		53.3		47.3		35.7		46.5		44.5
Income taxes as a % of income before income taxes		25.9		25.7		23.9		3.9		24.5
Sales of systems total (in units)		77		69		59		55		50
ASP of system sales (EUR million)		11.0		12.0		14.3		15.2		16.4
Value of backlog systems total (EUR million)		2,163		1,745		1,769		1,697		1,167
Backlog systems total (in units)		148		109		90		89		65
ASP of backlog systems (EUR million)		14.6		16.0		19.7		19.1		18.0
Value of booking systems total (EUR million)		911		399		857		803		312
Net bookings total (in units)		62		30		40		54		26
ASP of bookings systems (EUR million)		14.7		13.3		21.4		14.9		12.0
Number of employees		5,975		6,213		6,403		6,582		6,765

ASML — Summary U.S. GAAP Consolidated Balance Sheets^1,4

	Apr 1,		Jul 1,		Sep 30,		Dec 31,		Mar 30,
(in millions EUR)	2007		2007		2007		2007		2008
ASSETS
Cash and cash equivalents		1,463.2		2,299.2		2,445.2		1,271.6		1,397.1
Accounts receivable, net		648.6		567.8		611.7		638.0		741.5
Inventories, net		906.7		972.9		1,021.2		1,102.2		1,152.0
Deferred tax assets short-term		140.9		131.8		131.3		73.0		71.1
Other current assets		169.6		183.7		214.2		234.6		267.6
Total current assets		3,329.0		4,155.4		4,423.6		3,319.4		3,629.3
Deferred tax assets long-term		179.0		203.0		143.5		141.0		135.8
Other assets		37.4		43.0		39.9		60.0		85.7
Goodwill		141.7		140.2		133.4		128.3		119.7
Other intangible assets, net		52.9		49.7		44.2		38.2		32.5
Property, plant and equipment, net		288.5		313.5		343.3		380.9		401.4
Total assets		4,028.5		4,904.8		5,127.9		4,067.8		4,404.4
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities		1,230.0		1,331.2		2,391.5		1,321.4		1,562.3
Deferred tax and other liabilities		260.0		273.6		248.3		245.4		261.5
Other deferred liabilities		9.5		8.2		8.2		8.0		7.1
Convertible subordinated debt		380.0		380.0		44.5		—		—
Other long-term debt		1.3		593.8		604.0		602.0		615.3
Total liabilities		1,880.8		2,586.8		3,296.5		2,176.8		2,446.2
Shareholders’ equity		2,147.7		2,318.0		1,831.4		1,891.0		1,958.2
Total liabilities and shareholders’ equity		4,028.5		4,904.8		5,127.9		4,067.8		4,404.4

ASML — Summary U.S. GAAP Consolidated Statements of Cash Flows^1,4

	Three months ended,
	Apr 1,			Jul 1,			Sep 30,			Dec 31,			Mar 30,
(in millions EUR)	2007			2007			2007			2007			2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		152.7			159.5			166.3			200.8			145.1
Depreciation and amortization		53.4			24.1			28.0			29.8			30.6
Change in tax assets and liabilities		18.7			10.8			(5.3	)		(0.6	)		21.8
Change in assets and liabilities		(53.0	)		63.0			(20.0	)		(157.9	)		65.2
Net cash provided by operating activities		171.8			257.4			169.0			72.1			262.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment		(35.8	)		(39.7	)		(49.7	)		(54.0	)		(55.0	)
Proceeds from sale of property, plant and equipment		4.3			9.9			1.7			3.3			1.1
Acquisition of subsidiary (net of cash acquired)		(188.0	)		—			—			—			—
Net cash used in investing activities		(219.5	)		(29.8	)		(48.0	)		(50.7	)		(53.9	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Capital repayment		—			—			—			(1,011.9	)		—
Purchase of shares in conjunction with conversion rights of bond holders and stock options		(156.3	)		—			—			(203.6	)		(87.6	)
Net proceeds from issuance of shares and stock options		12.8			15.0			29.1			30.7			6.5
Net proceeds from issuance of bonds		—			593.8			—			—			—
Excess tax benefits from stock options		0.6			0.1			0.2			0.2			—
Redemption and/or repayment of debt		(0.2	)		(0.1	)		(1.5	)		(7.8	)		—
Net cash provided by (used in) financing activities		(143.1	)		608.8			27.8			(1,192.4	)		(81.1	)
Net cash flows		(190.8	)		836.4			148.8			(1,171.0	)		127.7
Effect of changes in exchange rates on cash		(1.9	)		(0.4	)		(2.8	)		(2.6	)		(2.2	)
Net increase (decrease) in cash & cash equivalents		(192.7	)		836.0			146.0			(1,173.6	)		125.5

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 the buyer is fixed or determinable; and collectibility 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. A system is shipped, and revenue recognized, only after all specifications are met and customer sign-off is received or waived. 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.

ASML — Reconciliation U.S. GAAP — IFRS^1,4

Net income	Three months ended,
(in thousands EUR)	Apr 1, 2007			Mar 30, 2008
Net income under U.S. GAAP		152,675			145,123
Share-based payments (see Note 1)		122			(762	)
Capitalization of development costs (see Note 2)		22,682			21,681
Convertible subordinated notes (see Note 3)		(2,176	)		—
Income taxes (see Note 4)		(7,648	)		418
Net income under IFRS		165,655			166,460

Shareholders’ equity

	Apr 1,		Jul 1,		Sep 30,		Dec 31,		Mar 30,
(in thousands EUR)	2007		2007		2007		2007		2008
Shareholders’ equity under U.S. GAAP		2,147,730		2,317,997		1,831,433		1,890,943		1,958,154
Share-based payments (see Note 1)		523		3,924		7,126		787		(3,420	)
Capitalization of development costs (see Note 2)		113,451		110,749		120,344		138,424		157,900
Convertible subordinated notes (see Note 3)		29,239		27,019		2,894		—		—
Income taxes (see Note 4)		—		—		—		8,852		9,186
Shareholders’ equity under IFRS		2,290,943		2,459,689		1,961,797		2,039,006		2,121,820

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 granted to its employees after November 7, 2002.

Under U.S. GAAP, until December 31, 2005, ASML accounted for stock option plans using the intrinsic value method in accordance with APB 25 “Accounting for stock issued to employees” and provided pro forma disclosure of the impact of the fair value method on net income and earnings per share in accordance with SFAS No. 123 “Accounting for Stock Based Compensation”. As of January 1, 2006, ASML applies SFAS No. 123(R) “Share-Based Payment” which is a revision of SFAS No.123. SFAS 123(R) 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.

Note 2 Capitalization of development costs

Under IFRS, ASML applies IAS 38, “Intangible Assets”. During the second half of 2004, ASML made changes to its administrative systems in order to provide sufficient information to comply with IFRS beginning from January 1, 2005. Sufficient reliable information to account for capitalization of development expenditures under IFRS before January 1, 2005 is not available. Under IAS 38, capitalized development expenditures are amortized over the expected useful life of the related product generally ranging between 2 and 3 years. Amortization starts when the developed product is ready for volume production.

Under U.S. GAAP, ASML applies SFAS No. 2, “Accounting for Research and Development Costs”. In accordance with SFAS No. 2, ASML charges costs relating to research and development to operating expense as incurred.

Note 3 Convertible Subordinated Notes

Under IFRS, ASML applies IAS 32 “Financial instruments: Disclosure and presentation” and IAS 39 “Financial instruments: Recognition and measurement” beginning from January 1, 2005. In accordance with IAS 32 and IAS 39, ASML accounts separately for the equity and liability component of its convertible notes (“Split accounting”). The equity component relates to the grant of a conversion option to shares to the holder of the bond. Split accounting results in additional interest charges.

Under U.S. GAAP, ASML accounts for its convertible bonds as a liability at the principal amount outstanding. As of December 31, 2007 ASML has no Convertible Subordinated Notes outstanding.

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 is eliminated from the carrying amount of assets on consolidation gives rise to a temporary difference for which deferred taxes must be recognized on 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 on consolidation, give rise to a temporary difference for which prepaid taxes must be recognized on consolidation. Contrary to IFRS, the prepaid taxes under U.S. GAAP are calculated based on the tax rate applicable in the seller’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 sales 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), 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 outcome 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	The calculation of diluted net income per ordinary share assumes conversion of our Subordinated Notes as such conversions would have a dilutive effect.
3	The calculation of diluted net income per ordinary share assumes the exercise of options issued under ASML stock option plans as such exercises would have a dilutive effect.
4	As of January 1, 2008 ASML accounts for award credits offered to its customers as part of a volume purchase agreement using the deferred revenue model. Until December 31, 2007 the cost accrual method was used. This change in accounting policy was made because the deferred revenue model better reflects the business rationale. In addition the International Financial Reporting Interpretation Committee concludes in interpretation 13 (IFRIC 13 “Customer Loyalty Programmes”) that the deferred revenue model is the appropriate accounting treatment. Comparative figures for 2007 were adjusted to reflect this change in accounting policy. The impact of this change on equity as per January 1, 2007 amounted to EUR 8.1 million (decrease) and on net income for the year 2007 and the first quarter of 2008 amounted to EUR 8.6 million (decrease) and EUR 0.1 million (increase) respectively.

EX-99.3

Exhibit 99.3

ASML — Summary IFRS Consolidated Income Statements^1,2

	Three months ended,
(in thousands EUR)	Apr 1, 2007			Mar 30, 2008
Net system sales		847,376			819,986
Net service and field option sales		101,295			99,222
Total net sales		948,671			919,208
Cost of sales		580,104			561,687
Gross profit on sales		368,567			357,521
Research and development costs, net of credits		93,658			82,723
Selling, general and administrative costs		56,156			57,696
Operating income		218,753			217,102
Interest income		7,316			3,575
Income before income taxes		226,069			220,677
Provision for income taxes		(60,414	)		(54,217	)
Net income		165,655			166,460

ASML — Summary IFRS Consolidated Balance Sheets^1,2

(in thousands EUR)	Dec 31, 2007		Mar 30, 2008
ASSETS
Property, plant and equipment		380,894		401,359
Goodwill		136,246		127,160
Other intangible assets		216,908		238,059
Deferred tax assets		220,863		213,317
Derivative financial instruments		20,930		47,690
Other non-current assets		32,828		31,804
Total non-current assets		1,008,669		1,059,389
Inventories		1,102,210		1,152,010
Derivative financial instruments		12,319		36,464
Accounts receivables		637,975		741,514
Other current assets		193,415		202,329
Cash and cash equivalents		1,271,636		1,397,144
Total current assets		3,217,555		3,529,461
Total assets		4,226,224		4,588,850
EQUITY AND LIABILITIES
Equity		2,039,006		2,121,820
Other long-term debt		595,783		609,106
Deferred tax and other liabilities		257,325		282,896
Other deferred liabilities		7,935		7,170
Total non-current liabilities		861,043		899,172
Accounts payable		282,953		479,581
Accrued liabilities and other		927,841		957,636
Current tax liabilities		104,100		111,543
Derivative financial instruments		11,281		19,098
Total current liabilities		1,326,175		1,567,858
Total equity and liabilities		4,226,224		4,588,850

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

	Three months ended,
(in thousands EUR)	Apr 1, 2007			Mar 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		165,655			166,460
Depreciation and amortization		53,081			46,769
Change in tax assets and liabilities		27,356			33,035
Change in assets and liabilities		(56,493	)		65,390
Net cash provided by operating activities		189,599			311,654
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment		(35,789	)		(55,032	)
Proceeds from sale of property, plant and equipment		4,306			1,103
Purchase of intangible assets		(22,462	)		(45,526	)
Acquisition of subsidiary (net of cash acquired)		(188,011	)		—
Net cash used in investing activities		(241,956	)		(99,455	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Capital repayment		(156,253	)		(87,603	)
Net proceeds from issuance of shares and stock options		18,073			3,098
Redemption and/or repayment of debt		(234	)		—
Net cash used in financing activities		(138,414	)		(84,505	)
Net cash flows		(190,771	)		127,694
Effect of changes in exchange rates on cash		(1,874	)		(2,186	)
Net increase (decrease) in cash and cash equivalents		(192,645	)		125,508

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

	Three months ended,
	Apr 1,			Jul 1,			Sep 30,			Dec 31,			Mar 30,
(in millions EUR)	2007			2007			2007			2007			2008
Net system sales		847.4			825.8			843.2			834.9			820.0
Net service and field option sales		101.3			104.4			91.2			120.0			99.2
Total net sales		948.7			930.2			934.4			954.9			919.2
Cost of sales		580.1			573.1			581.9			583.7			561.7
Gross profit on sales		368.6			357.1			352.5			371.2			357.5
Research & development costs, net of credits		93.7			97.7			76.8			84.7			82.7
Selling, general and administrative costs		56.1			56.3			56.0			73.5			57.7
Operating income		218.8			203.1			219.7			213.0			217.1
Interest income (charges)		7.3			5.2			9.1			(2.2	)		3.6
Income before income taxes		226.1			208.3			228.8			210.8			220.7
Provision for income taxes		(60.4	)		(53.8	)		(54.9	)		18.5			(54.2	)
Net income		165.7			154.5			173.9			229.3			166.5

ASML — Summary IFRS Consolidated Balance Sheets^1,2

	Apr 1,		Jul 1,		Sep 30,		Dec 31,		Mar 30,
(in millions EUR)	2007		2007		2007		2007		2008
ASSETS
Property, plant and equipment		288.5		313.5		343.3		380.9		401.4
Goodwill		150.5		148.9		141.7		136.3		127.2
Other intangible assets		197.3		190.6		198.4		216.9		238.0
Deferred tax assets		293.0		312.2		252.3		220.9		213.3
Derivative financial instruments		6.2		0.2		9.9		20.9		47.7
Other non-current assets		33.4		33.2		33.3		32.8		31.8
Total non-current assets		968.9		998.6		978.9		1,008.7		1,059.4
Inventories		906.7		972.9		1,021.2		1,102.2		1,152.0
Derivative financial instruments		6.9		12.8		23.5		12.3		36.5
Accounts receivables		648.6		567.8		611.7		638.0		741.5
Other current assets		168.8		184.6		211.8		193.4		202.3
Cash and cash equivalents		1,463.2		2,299.2		2,445.2		1,271.6		1,397.2
Total current assets		3,194.2		4,037.3		4,313.4		3,217.5		3,529.5
Total assets		4,163.1		5,035.9		5,292.3		4,226.2		4,588.9
EQUITY AND LIABILITIES
Equity		2,291.0		2,459.7		1,961.8		2,039.0		2,121.8
Convertible subordinated debt		336.5		339.8		40.1		—		—
Other long-term debt		1.3		587.6		597.8		595.8		609.1
Derivative financial instruments		—		15.6		0.7		—		—
Deferred tax and other liabilities		340.1		293.1		259.3		257.3		282.9
Other deferred liabilities		9.4		8.1		8.2		7.9		7.2
Total non-current liabilities		687.3		1,244.2		906.1		861.0		899.2
Accounts payable		297.6		311.4		320.9		283.0		479.6
Accrued liabilities and other		774.1		828.8		1,932.9		927.8		957.7
Current tax liabilities		110.1		184.2		151.9		104.1		111.5
Derivative financial instruments		3.0		7.6		18.7		11.3		19.1
Total current liabilities		1,184.8		1,332.0		2,424.4		1,326.2		1,567.9
Total equity and liabilities		4,163.1		5,035.9		5,292.3		4,226.2		4,588.9

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

	Three months ended,
	Apr 1,			Jul 1,			Sep 30,			Dec 31,			Mar 30,
(in millions EUR)	2007			2007			2007			2007			2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		165.7			154.5			173.9			229.3			166.5
Depreciation and amortization		53.1			49.8			58.4			49.2			46.8
Change in tax assets and liabilities		27.3			(2.8	)		3.9			(26.7	)		33.0
Change in assets and liabilities		(56.5	)		69.1			(6.3	)		(126.0	)		65.4
Net cash provided by operating activities		189.6			270.6			229.9			125.8			311.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment		(35.8	)		(39.7	)		(49.7	)		(54.0	)		(55.1	)
Proceeds from property, plant and equipment		4.3			9.9			1.7			3.3			1.1
Purchases of intangible assets		(22.5	)		(13.0	)		(60.7	)		(40.4	)		(45.5	)
Acquisition of subsidiary (net of cash acquired)		(188.0	)		—			—			—			—
Net cash used in investing activities		(242.0	)		(42.8	)		(108.7	)		(91.1	)		(99.5	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Capital repayment		(156.3	)		—			—			(855.6	)		(87.6	)
Purchase of shares in conjunction with conversion rights of bond holders and stock options		—			—			—			(359.9	)		—
Net proceeds from issuance of shares and stock options		18.1			15.0			29.1			17.6			3.1
Net proceeds from issuance of bonds		—			593.7			—			—			—
Redemption and/or repayment of debt		(0.2	)		(0.1	)		(1.5	)		(7.8	)		—
Net cash provided by (used in) financing activities		(138.4	)		608.6			27.6			(1,205.7	)		(84.5	)
Net cash flows		(190.8	)		836.4			148.8			(1,171.0	)		127.7
Effect of changes in exchange rates on cash		(1.8	)		(0.4	)		(2.8	)		(2.6	)		(2.2	)
Net increase (decrease) in cash and cash equivalents		(192.6	)		836.0			146.0			(1,173.6	)		125.5

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

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 the buyer is fixed or determinable; and collectibility 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. A system is shipped, and revenue recognized, only after all specifications are met and customer sign-off is received or waived. 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.

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

Net income	Three months ended,
(in thousands EUR)	Apr 1, 2007			Mar 30, 2008
Net income under U.S. GAAP		152,675			145,123
Share-based payments (see Note 1)		122			(762	)
Capitalization of development costs (see Note 2)		22,682			21,681
Convertible subordinated notes (see Note 3)		(2,176	)		—
Income taxes (see Note 4)		(7,648	)		418
Net income under IFRS		165,655			166,460

Shareholders’ equity
	Apr 1,		Jul 1,		Sep 30,		Dec 31,		Mar 30,
(in thousands EUR)	2007		2007		2007		2007		2008
Shareholders’ equity under U.S. GAAP		2,147,730		2,317,997		1,831,433		1,890,943		1,958,154
Share-based payments (see Note 1)		523		3,924		7,126		787		(3,420	)
Capitalization of development costs (see Note 2)		113,451		110,749		120,344		138,424		157,900
Convertible subordinated notes (see Note 3)		29,239		27,019		2,894		—		—
Income taxes (see Note 4)		—		—		—		8,852		9,186
Shareholders’ equity under IFRS		2,290,943		2,459,689		1,961,797		2,039,006		2,121,820

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 granted to its employees after November 7, 2002.

Under U.S. GAAP, until December 31, 2005, ASML accounted for stock option plans using the intrinsic value method in accordance with APB 25 “Accounting for stock issued to employees” and provided pro forma disclosure of the impact of the fair value method on net income and earnings per share in accordance with SFAS No. 123 “Accounting for Stock Based Compensation”. As of January 1, 2006, ASML applies SFAS No. 123(R) “Share-Based Payment” which is a revision of SFAS No.123. SFAS 123(R) 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.

Note 2 Capitalization of development costs

Under IFRS, ASML applies IAS 38, “Intangible Assets”. During the second half of 2004, ASML made changes to its administrative systems in order to provide sufficient information to comply with IFRS beginning from January 1, 2005. Sufficient reliable information to account for capitalization of development expenditures under IFRS before January 1, 2005 is not available. Under IAS 38, capitalized development expenditures are amortized over the expected useful life of the related product generally ranging between 2 and 3 years. Amortization starts when the developed product is ready for volume production.

Under U.S. GAAP, ASML applies SFAS No. 2, “Accounting for Research and Development Costs”. In accordance with SFAS No. 2, ASML charges costs relating to research and development to operating expense as incurred.

Note 3 Convertible Subordinated Notes

Under IFRS, ASML applies IAS 32 “Financial instruments: Disclosure and presentation” and IAS 39 “Financial instruments: Recognition and measurement” beginning from January 1, 2005. In accordance with IAS 32 and IAS 39, ASML accounts separately for the equity and liability component of its convertible notes (“Split accounting”). The equity component relates to the grant of a conversion option to shares to the holder of the bond. Split accounting results in additional interest charges.

Under U.S. GAAP, ASML accounts for its convertible bonds as a liability at the principal amount outstanding. As of December 31, 2007 ASML has no Convertible Subordinated Notes outstanding.

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 is eliminated from the carrying amount of assets on consolidation gives rise to a temporary difference for which deferred taxes must be recognized on 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 on consolidation, give rise to a temporary difference for which prepaid taxes must be recognized on consolidation. Contrary to IFRS, the prepaid taxes under U.S. GAAP are calculated based on the tax rate applicable in the seller’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 sales 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), 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 outcome 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

As of January 1, 2008 ASML has early adopted IFRIC 13 “Customer Loyalty Programmes”. IFRIC 13 requires award credits offered to its customers as part of a volume purchase agreement to be accounted for using the deferred revenue model. Until December 31, 2007 cost accrual method was used. ASML early adopted this interpretation because the deferred revenue model better reflects the business rationale for offering award credits. Comparative figures for 2007 were adjusted to reflect this change in accounting policy. The impact of this change on equity as per January 1, 2007 amounted to EUR 8.1 million (decrease) and on net income for the year 2007 and the first quarter of 2008 amounted to EUR 8.6 million (decrease) and EUR 0.1 million (increase) respectively.