6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF A FOREIGN ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For July 13, 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  x            Form 40-F  ¨

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  ¨            No  x

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

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

TABLE OF CONTENTS

Exhibits
SIGNATURES
EX99.1	“ASML announces 2011 Second Quarter Results—On track for a record year 2011,” press release dated July 13, 2011
EX99.2	“ASML 2011 Second Quarter Results—On track for a record year 2011,” presentation dated July 13, 2011
EX99.3	Summary U.S. GAAP Consolidated Financial Statements
EX99.4	Summary IFRS Consolidated Financial Statements

2

Exhibits
99.1	“ASML announces 2011 Second Quarter Results—On track for a record year 2011,” press release dated July 13, 2011
99.2	“ASML 2011 Second Quarter Results—On track for a record year 2011,” presentation dated July 13, 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 systems 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, uncertainty surrounding the impact of the earthquake and tsunami in Japan and its potential effect on our customers and suppliers 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.

3

SIGNATURES

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

	ASML HOLDING N.V. (Registrant)
Date: July 13, 2011	By:	/s/ Peter T.F.M. Wennink
		Peter T.F.M. Wennink
		Executive Vice President and Chief Financial Officer

4

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 2011 Second Quarter Results

On track for a record year 2011

VELDHOVEN, the Netherlands, July 13, 2011 - ASML Holding NV (ASML) today announces 2011 second quarter results according to US GAAP as follows:

• Q2 2011 net sales of EUR 1,529 million versus Q1 2011 net sales of EUR 1,452 million (Q2 2010 net sales of EUR 1,069 million).

• Q2 2011 net income of EUR 432 million, or 28.3 percent of net sales, versus a Q1 2011 net income of EUR 395 million or 27.2 percent of net sales (Q2 2010 net income of EUR 239 million or 22.4 percent of net sales).

• Q2 2011 net bookings excluding EUV is valued at EUR 840 million with 34 systems (29 new and 5 used systems), leading to a systems backlog excluding EUV valued at EUR 2,756 million as of June 26, 2011.

“Our second quarter sales came in at record level, keeping us on track for another record year for ASML in 2011,” said Eric Meurice, President and Chief Executive Officer of ASML. “Sales were driven mainly by customer capacity build-ups for new technology nodes, with Logic Processors and Foundry representing 41% of systems sales, Flash memory 36% and DRAM memory 23%. We have now shipped more than 80 of our most advanced TWINSCAN NXT:1950i immersion systems. We are further extending the capability of this machine by introducing an improved imaging, overlay and productivity specification, so that customers will be able to expose up to 230 wafers per hour at the 22-nanometer (nm) node. By mid-July we will have also shipped a total of five NXE:3100 Extreme Ultraviolet (EUV) scanners with several customers having already exposed

Page 1 of 6

hundreds of wafers with resolutions as small as 18 nm on this lithography platform for the future,” Meurice added.

Operations Update

	Q2 2011		Q1 2011		Notes
Net sales		1,529		1,452
…of which service and field option sales		196		168
New systems sold (units)		58		56
Used systems sold (units)		5		7
ASP new systems sold		22.7		22.5
ASP all systems sold		21.2		20.4
Net bookings, excluding EUV		840		845
Net bookings, excluding EUV (units)		34		40
ASP of booked systems, excluding EUV		24.7		21.1
Systems backlog, excluding EUV		2,756		3,330
Systems backlog, excluding EUV (units)		105		134
Orders for NXE:3100 (EUV) (units)		6		6		(1	)
Orders for NXE:3300 (EUV) (units)		10		9
Gross margin (percent)		45.1		44.7
R&D costs		145		145
SG&A costs		51		54		(2	)
Net cash flow from operations		499		1,101
End-quarter cash and cash equivalents		2,742		2,699		(3	)
Net income		432		395
EPS (in euro)		1.01		0.90
(Figures in millions of euros unless otherwise indicated)

Notes:

(1) The orders for NXE:3100 (EUV) with an average selling price of EUR 42 million include 4 systems that will be recognized in net system sales over coming quarters, 1 operating lease contract and 1 R&D system to be recognized in the R&D line in the coming quarters.

(2) In Q2 2011 SG&A costs include EUR 4 million of incidental favorable items (office transfer in South Korea and smaller items).

(3) During the second quarter, ASML spent a total of EUR 396 million cash on dividend and the currently running share buy back program. Total cash includes pre-payments from customers, mainly relating to EUV, which will be invested in coming quarters.

Page 2 of 6

EUV Update

We highlight that our EUV technology has progressed to the point that we will recognize the first two NXE:3100 systems in third quarter sales, as the platform is being used by our customers to develop process recipes. The NXE:3100 is our second-generation EUV system; ASML plans to introduce its volume production system NXE:3300 by the summer of next year.

Outlook

“Q2 2011 orders came in a couple of systems lower than expected at EUR 840 million for standard systems excluding EUV,” Eric Meurice said. “Our customers are currently taking some time to assess the semiconductor end-demand trends for 2012 before determining their overall capacity plans levels and timings. We therefore anticipate third quarter orders likely not to exceed EUR 500 million. Our 2012 business will in any event be supported by the continuation of the ramp of 2x nm nodes in Logic, 2x nm nodes in NAND memory and 3x nm in DRAM memory, the aggressive and litho-intensive development efforts of sub-20 nm technologies, as well as the introduction of the first EUV volume production systems NXE:3300,” Meurice said.

For the third quarter 2011, ASML expects net sales of around EUR 1.4 billion, including two second generation EUV systems which represent total sales of around EUR 80 million with zero profit margin. All other sales (excluding EUV) are expected to have a gross margin in Q3 2011 of about 44 percent (about 42 percent for sales including EUV). R&D costs for Q3 are expected at EUR 150 million to support our strategic investments. SG&A costs are expected at EUR 56 million. We reiterate our sales expectation for all of 2011, to hit a record level clearly above EUR 5 billion, not including EUV.

Extension of CEO’s appointment

ASML’s Supervisory Board is pleased to announce that, subject to notification to the 2012 Annual General Meeting of Shareholders, it has decided to extend Eric Meurice’s appointment as President and Chief Executive Officer of the company for a mutually

Page 3 of 6

agreed period of two more consecutive years, until March 2014, with the option to further extend the appointment by another two years if both parties so wish.

Update on share buy back program

As part of ASML’s policy to return excess cash to shareholders through dividend and regularly timed share buy back programs, ASML in January 2011 announced its intention to purchase up to EUR 1 billion of its own shares within two years. As part of this program ASML has purchased 13.2 million shares for a total consideration of EUR 374 million up to June 26, 2011. ASML intends to cancel the repurchased shares. The share buy back program may be suspended, modified or discontinued at any time. All transactions under this program are published on ASML’s website (www.asml.com/investors) on a weekly basis.

About ASML

ASML is one of the world’s leading providers 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 close to 7,700 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

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 0886 (US participants will have to quote the following confirmation code when dialing into the conference: 4978007). To listen to the conference call, access is also available via www.asml.com

Page 4 of 6

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

IFRS Financial Reporting

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

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

Today, July 13, 2011, ASML will also publish its Statutory Interim Report for the six months period ended June 26, 2011. This report is in accordance with the requirements of the EU Transparency Directive as implemented in the Netherlands, will include consolidated condensed interim financial statements prepared in accordance with IAS 34, “Interim Financial Reporting”, an Interim Management Board Report and a Managing Directors’ Statement and will be available on www.asml.com.

The consolidated balance sheets of ASML Holding N.V. as of June 26, 2011, the related consolidated statements of operations and consolidated statements of cash flows for the quarter ended June 26, 2011 as presented in this press release are unaudited.

Regulated Information

This press release, the US GAAP consolidated financial statements, the IFRS consolidated financial statements and the Statutory Interim Report published on

Page 5 of 6

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 systems 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, uncertainty surrounding the impact of the earthquake and tsunami in Japan and its potential effect on our customers and suppliers and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission.

Page 6 of 6

EX-99.2

ASML 2011 Second Quarter Results

On track for a record year 2011

July 13, 2011

Exhibit 99.2

/ 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 systems 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,

uncertainty

surrounding

the

impact

of

the

earthquake and tsunami in Japan and its potential effect on our customers and suppliers

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

Q2 results -

highlights

Net sales of €

1,529 million, 63 systems shipped valued at

€

1,333 million, service and field option sales at €

196 million

Gross margin of 45.1%

Operating margin of 32.3%

Net bookings are valued at €

840 million, 34 systems

Backlog at €

2,756 million, 105 systems, ASP €

26.2 million

(ASP new tools 31.3 million)

Generated €

499 million cash from operations

Net bookings and backlog numbers are excluding EUV.

/ Slide 6

629

949

919

183

742

1,452

942

930

844

277

1,069

1,529

958

934

697

555

1,176

1,053

955

494

581

1,521

0

1,000

2,000

3,000

4,000

5,000

6,000

2006

2007

2008

2009

2010

2011

Q4

Q3

Q2

Q1

Total net sales M€

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: Q2 2011

End-use

Foundry

26%

Numbers

have

been

rounded

for

readers’

convenience.

Technology

ArF dry 7%

USA

22%

Korea

17%

Sales in Units

Region

Singapore 10%

Taiwan

27%

DRAM

23%

IDM

15%

I-Line 1%

China 7%

ArF

Immersion

69%

NAND

36%

KrF

23%

Europe 8%

27

6

4

26

ArF

immersion

ArF dry

KrF

I-Line

Japan 9%

/ Slide 8

Consolidated statements of operations M€

Numbers

have

been

rounded

for

readers’

convenience.

Q1 11

Q2 11

Net sales

1,452

1,529

Gross profit

Gross margin %

649

44.7%

690

45.1%

R&D costs

145

145

SG&A costs

54

51

Income from operations

Operating income % 

450

31.0%

494

32.3%

Net income 

Net income as a % of sales 

395

27.2%

432

28.3%

Earnings per share (basic) €

0.90

1.01

/ Slide 9

Key

financial

trends

2010

–

2011

Consolidated statements of operations M€

Q2 10

Q3 10

Q4 10

Q1 11

Q2 11

Net Sales

1,069

1,176

1,521

1,452

1,529

Gross profit

Gross margin %

459

43.0%

513

43.6%

685

45.0%

649

44.7%

690

45.1%

R&D costs

125

137

141

145

145

SG&A costs

42

48

50

54

51

Income from operations

Operating income %

292

27.4%

328

27.9%

494

32.4%

450

31.0%

494

32.3%

Net income

Net income as a % of net sales

239

22.4%

269

22.8%

407

26.7%

395

27.2%

432

28.3%

Units sold 

43

51

69

63

63

ASP new systems

25.6

24.1

22.4

22.5

22.7

Net bookings value

1,342

1,391

2,315

845

840

Numbers

have

been

rounded

for

readers’

convenience.

/ Slide 10

Cash flows M€

Numbers

have

been

rounded

for

readers’

convenience.

Q1 11

Q2 11

Net income

395

432

Adjustments to reconcile net income to

net cash flows from operating activities;

Impairment and obsolescence

10

14

Depreciation and amortization

39

43

Deferred income taxes

47

(8)

Other non-cash items

5

3

Change in assets and liabilities

605

15

Net cash provided by operating activities

1,101

499

Net cash used in investing activities

(67)

(60)

Net cash used in financing activities

(272)

(394)

Total FX effects

(12)

(2)

Net increase in cash and cash equivalents

750

43

Balance sheets M€

`

/ Slide 11

Assets

              Mar 2011

              Jun 2011

Cash and cash equivalents

2,699

39%

2,742

39%

Accounts receivable, net

1,019

15%

895

12%

Finance receivables, net

0

0%

62

1%

Inventories, net

1,566

22%

1,610

23%

Other assets

485

7%

468 

7%

Tax assets

194

3%

195

3%

Fixed assets

994

14%

1,104

15%

Total assets

6,957

100%

7,076

100%

Liabilities and shareholders’ equity

             Mar 2011

              Jun 2011

Current liabilities

2,442

35%

2,230

31%

Non-current liabilities

1,463

21%

1,737

25%

Shareholders’ equity

3,052

44%

3,109

44%

Total liabilities and shareholders’ equity

6,957

100%

7,076

100%

Numbers

have

been

rounded

for

readers’

convenience.

/ Slide 12

New

systems 

Used

systems 

Total

systems 

Units

86

19

105

Value M€

2,691

65

2,756

ASP M€

31.3

3.4

26.2

Backlog in value per Jun 26, 2011

Total value M€

2,756

Technology

ArF

immersion

78%

KrF

16%

I-Line 2%

Region (ship to location)

USA

23%

Taiwan

15%

Korea

28%

Europe 7%

Japan 8%

End-use

DRAM

20%

IDM

28%

Foundry

26%

Numbers

have

been

rounded

for

readers’

convenience.

Singapore 11%

China 8%

ArF dry 4%

NAND

26%

84% of backlog carry shipment dates in the next 6 months

/ Slide 13

Foundry

50%

DRAM 5%

NAND

14%

Bookings activity by sector -

total value M€

840

Bookings in value                     

IDM

31%

Booked

29

new

tools

at

€

827

million,

5

used

at

€

13

million

Numbers

have

been

rounded

for

readers’

convenience.

/ Slide 14

Market

/ Slide 15

Business environment

Our customers are currently taking some time to

assess the semiconductor end-demand trends for

2012 before determining their overall capacity plans

levels and timings

Business in 2012 will be supported by the ramp:

2x node in Logic

2x node in NAND

3x node in DRAM

Introduction of first EUV production systems NXE:3300

/ Slide 16

ASML business update

Customers are developing

first process recipes for

future chip production at  

2x node DRAM, 1x node

NAND and 1x node Logic

2011: EUV is here

NXE:3100 is

Exposing wafers at customer 1

Exposing wafers at customer 2

Exposing wafers at customer 3

Under installation at customer 4

Shipping to customer 5

Planned

to

ship

in

Q3

to

customer

6

/ Slide 18

Light source suppliers progressing toward NXE:3100

throughput target of 60 wafers per hour

/ Slide 19

EUV revenue recognition expected to start in Q3 2011

Orders for NXE:3100 systems consist of:

4 systems that will be

recognized in net system sales

1 operating lease contract

1 R&D

system to be recognized in the R&D line

ASP of NXE:3100 is €

42 million

Expect to recognize revenue of 2 systems in Q3

representing sales of approx. €

80 million

/ Slide 20

ASML's TWINSCAN NXT capabilities extended to

enable

chip manufacturing beyond 32 nm

PEP,

throughput improvement to 230 wafers per hour

(96 exposures)

Programmable wave fronts within the lens,

improves imaging and overlay performance

Reticle Control

compensates for lens heating effects to

improve overlay performance

Flexwave

,

/ Slide 21

Share buy back program

0

200

400

600

800

1000

2011

Q2

Q1

Cash return

€

1 billion share buy back program

37% of program executed

8.5 million shares repurchased in

Q2 at an average price of €

27.08

Weekly updates available on

ASML’s website

Dividend of €

0.40 per ordinary

share paid (€

173 million)

/ Slide 22

Outlook and summary

/ Slide 23

Q3 2011 outlook

Order intake level is likely not to exceed €

500 million

Net sales around €

1.4 billion including 2 EUV systems

Gross margin about 42% including EUV (44% excl. EUV)

R&D costs at €

150 million 

SG&A costs at €

56 million

Reiterate our expectation of 2011 revenue (excluding

EUV) to be clearly above €

5 billion

EX-99.3

Exhibit 99.3

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

		Three months ended,						Six months ended,
(in millions EUR, except per share data)		Jun 26, 2011			Jun 27, 2010			Jun 26, 2011			Jun 27, 2010
Net system sales			1,333.6			923.0			2,618.0			1,554.6
Net service and field option sales			195.8			145.7			363.6			255.9
Total net sales			1,529.4			1,068.7			2,981.6			1,810.5
Total cost of sales			839.4			609.3			1,642.0			1,052.5
Gross profit on sales			690.0			459.4			1,339.6			758.0
Research and development costs			144.7			125.3			290.1			245.6
Selling, general and administrative costs			50.9			41.7			105.3			83.1
Income from operations			494.4			292.4			944.2			429.3
Interest income (expense), net			1.8			(2.7	)		3.7			(5.5	)
Income from operations before income taxes			496.2			289.7			947.9			423.8
Provision for income taxes			(64.1	)		(50.5	)		(120.8	)		(77.3	)
Net income			432.1			239.2			827.1			346.5
Basic net income per ordinary share			1.01			0.55			1.91			0.80
Diluted net income per ordinary share	3		1.00			0.54			1.89			0.79
Number of ordinary shares used in computing per share amounts (in millions):
Basic			429.5			435.1			432.9			434.6
Diluted	3		432.9			438.9			436.5			438.3

ASML - Ratios and Other Data ^1,2

	Three months ended,				Six months ended,
	Jun 26, 2011		Jun 27, 2010		Jun 26, 2011		Jun 27, 2010
Gross profit on sales as a percentage of net sales		45.1		43.0		44.9		41.9
Income from operations as a percentage of net sales		32.3		27.4		31.7		23.7
Net income as a percentage of net sales		28.3		22.4		27.7		19.1
Income taxes as a percentage of income from operations before income taxes		12.9		17.4		12.8		18.3
Shareholders’ equity as a percentage of total assets		43.9		42.7		43.9		42.7
Sales of systems (in units)		63		43		126		77
Average selling price of systems sales (EUR millions)		21.2		21.5		20.8		20.2
Value of systems backlog excluding EUV (EUR millions)		2,756		2,803		2,756		2,803
Systems backlog excluding EUV (in units)		105		100		105		100
Average selling price of systems backlog excluding EUV (EUR millions)		26.2		28.0		26.2		28.0
Value of booked systems excluding EUV (EUR millions)		840		1,342		1,685		2,507
Net bookings excluding EUV (in units)		34		58		74		108
Average selling price of booked systems excluding EUV (EUR millions)		24.7		23.1		22.8		23.2
Number of payroll employees in FTEs		7,697		6,691		7,697		6,691
Number of temporary employees in FTEs		2,159		1,500		2,159		1,500

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

(in millions EUR)	Jun 26, 2011		Dec 31, 2010
ASSETS
Cash and cash equivalents		2,742.1		1,949.8
Accounts receivable, net		895.1		1,123.5
Finance receivables, net		61.9		12.6
Current tax assets		1.0		12.7
Inventories, net		1,610.4		1,497.2
Deferred tax assets		126.4		134.5
Other assets		253.5		214.2
Total current assets		5,690.4		4,944.5
Finance receivables, net		—		28.9
Deferred tax assets		67.5		71.0
Other assets		214.6		235.7
Goodwill		132.4		141.3
Other intangible assets, net		11.0		13.7
Property, plant and equipment, net		960.2		745.3
Total non-current assets		1,385.7		1,235.9
Total assets		7,076.1		6,180.4
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities		2,229.6		2,157.2
Long-term debt		705.7		708.7
Deferred and other tax liabilities		187.5		155.7
Provisions		10.1		11.8
Accrued and other liabilities		833.8		373.1
Total non-current liabilities		1,737.1		1,249.3
Total liabilities		3,966.7		3,406.5
Shareholders’ equity		3,109.4		2,773.9
Total liabilities and shareholders’ equity		7,076.1		6,180.4

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

	Three months ended,						Six months ended,
(in millions EUR)	Jun 26, 2011			Jun 27, 2010			Jun 26, 2011			Jun 27, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		432.1			239.2			827.1			346.5
Depreciation and amortization		42.9			36.2			82.1			70.9
Impairment		0.3			0.7			0.6			1.5
Loss on disposals of property, plant and equipment		1.5			1.0			1.9			1.6
Share-based payments		1.8			2.4			4.8			5.2
Allowance for doubtful debts		—			—			1.2			0.2
Allowance for obsolete inventory		13.6			21.2			22.9			35.0
Deferred income taxes		(7.5	)		6.1			39.5			29.8
Changes in assets and liabilities		14.6			(113.8	)		619.8			(256.6	)
Net cash provided by operating activities		499.3			193.0			1,599.9			234.1
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(60.7	)		(18.0	)		(127.4	)		(25.2	)
Proceeds from sale of property, plant and equipment		—			—			—			—
Net cash used in investing activities		(60.7	)		(18.0	)		(127.4	)		(25.2	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid		(172.6	)		(87.0	)		(172.6	)		(87.0	)
Purchase of shares		(223.2	) 4		—			(365.7	) 4		—
Net proceeds from issuance of shares and stock options		2.5			7.8			23.6			18.2
Deposits from customers		—			—			(150.0	)		—
Repayment of debt		(0.7	)		(0.3	)		(1.3	)		(0.7	)
Tax benefits from stock options		—			—			—			—
Net cash used in financing activities		(394.0	)		(79.5	)		(666.0	)		(69.5	)
Net cash flows		44.6			95.5			806.5			139.4
Effect of changes in exchange rates on cash		(2.0	)		5.8			(14.2	)		12.1
Net increase in cash and cash equivalents		42.6			101.3			792.3			151.5

ASML - Quarterly Summary U.S. GAAP Consolidated Statements of

Operations ^1,2

		Three months ended,
(in millions EUR, except per share data)		Jun 26, 2011			Mar 27, 2011			Dec 31, 2010			Sep 26, 2010			Jun 27, 2010
Net system sales			1,333.6			1,284.4			1,313.1			1,027.0			923.0
Net service and field option sales			195.8			167.8			208.3			149.0			145.7
Total net sales			1,529.4			1,452.2			1,521.4			1,176.0			1,068.7
Total cost of sales			839.4			802.6			836.7			663.5			609.3
Gross profit on sales			690.0			649.6			684.7			512.5			459.4
Research and development costs			144.7			145.4			141.0			136.8			125.3
Selling, general and administrative costs			50.9			54.4			50.1			47.9			41.7
Income from operations			494.4			449.8			493.6			327.8			292.4
Interest income (expense), net			1.8			1.9			(1.1	)		(1.6	)		(2.7	)
Income from operations before income taxes			496.2			451.7			492.5			326.2			289.7
Provision for income taxes			(64.1	)		(56.7	)		(85.7	)		(57.7	)		(50.5	)
Net income			432.1			395.0			406.8			268.5			239.2
Basic net income per ordinary share			1.01			0.90			0.94			0.61			0.55
Diluted net income per ordinary share	3		1.00			0.90			0.93			0.61			0.54
Number of ordinary shares used in computing per share amounts (in millions):
Basic			429.5			436.6			435.9			435.5			435.1
Diluted	3		432.9			440.6			439.9			439.3			438.9

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

	Three months ended,
	Jun 26, 2011		Mar 27, 2011		Dec 31, 2010		Sep 26, 2010		Jun 27, 2010
Gross profit on sales as a percentage of net sales		45.1		44.7		45.0		43.6		43.0
Income from operations as a percentage of net sales		32.3		31.0		32.4		27.9		27.4
Net income as a percentage of net sales		28.3		27.2		26.7		22.8		22.4
Income taxes as a percentage of income from operations before income taxes		12.9		12.6		17.4		17.7		17.4
Shareholders’ equity as a percentage of total assets		43.9		43.9		44.9		42.5		42.7
Sales of systems (in units)		63		63		69		51		43
Average selling price of systems sales (EUR millions)		21.2		20.4		19.0		20.1		21.5
Value of systems backlog excluding EUV (EUR millions)		2,756		3,330		3,856		2,983		2,803
Systems backlog excluding EUV (in units)		105		134		157		109		100
Average selling price of systems backlog excluding EUV (EUR millions)		26.2		24.9		24.6		27.4		28.0
Value of booked systems excluding EUV (EUR millions)		840		845		2,315		1,391		1,342
Net bookings excluding EUV (in units)		34		40		117		60		58
Average selling price of booked systems excluding EUV (EUR millions)		24.7		21.1		19.8		23.2		23.1
Number of payroll employees in FTEs		7,697		7,402		7,184		6,919		6,691
Number of temporary employees in FTEs		2,159		2,122		2,061		1,803		1,500

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

(in millions EUR)	Jun 26, 2011		Mar 27, 2011		Dec 31, 2010		Sep 26, 2010		Jun 27, 2010
ASSETS
Cash and cash equivalents		2,742.1		2,699.5		1,949.8		1,548.0		1,188.6
Accounts receivable, net		895.1		1,018.8		1,123.5		915.0		811.5
Finance receivables, net		61.9		—		12.6		12.3		—
Current tax assets		1.0		1.0		12.7		82.4		74.7
Inventories, net		1,610.4		1,565.6		1,497.2		1,449.8		1,309.3
Deferred tax assets		126.4		125.3		134.5		71.2		100.7
Other assets		253.5		257.5		214.2		269.4		248.7
Total current assets		5,690.4		5,667.7		4,944.5		4,348.1		3,733.5
Finance receivables, net		—		—		28.9		32.2		—
Deferred tax assets		67.5		67.5		71.0		93.7		126.4
Other assets		214.6		227.2		235.7		110.6		94.4
Goodwill		132.4		133.3		141.3		140.9		153.2
Other intangible assets, net		11.0		12.3		13.7		15.0		16.4
Property, plant and equipment, net		960.2		848.7		745.3		720.6		742.8
Total non-current assets		1,385.7		1,289.0		1,235.9		1,113.0		1,133.2
Total assets		7,076.1		6,956.7		6,180.4		5,461.1		4,866.7
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities		2,229.6		2,441.7		2,157.2		2,164.6		1,784.1
Long-term debt		705.7		695.6		708.7		734.0		727.2
Deferred and other tax liabilities		187.5		177.3		155.7		172.7		205.0
Provisions		10.1		10.6		11.8		12.1		13.8
Accrued and other liabilities		833.8		579.6		373.1		58.4		57.3
Total non-current liabilities		1,737.1		1,463.1		1,249.3		977.2		1,003.3
Total liabilities		3,966.7		3,904.8		3,406.5		3,141.8		2,787.4
Shareholders’ equity		3,109.4		3,051.9		2,773.9		2,319.3		2,079.3
Total liabilities and shareholders’ equity		7,076.1		6,956.7		6,180.4		5,461.1		4,866.7

ASML - Quarterly Summary U.S. GAAP Consolidated Statements of

Cash Flows ^1,2

	Three months ended,
(in millions EUR)	Jun 26, 2011			Mar 27, 2011			Dec 31, 2010			Sep 26, 2010			Jun 27, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		432.1			395.0			406.8			268.5			239.2
Depreciation and amortization		42.9			39.2			39.5			41.0			36.2
Impairment		0.3			0.3			7.0			0.1			0.7
Loss on disposals of property, plant and equipment		1.5			0.4			0.9			0.4			1.0
Share-based payments		1.8			3.0			2.3			4.6			2.4
Allowance for doubtful debts		—			1.2			(2.1	)		0.6			—
Allowance for obsolete inventory		13.6			9.3			5.2			15.5			21.2
Deferred income taxes		(7.5	)		47.0			(43.1	)		41.4			6.1
Changes in assets and liabilities		14.6			605.2			(114.1	)		31.4			(113.8	)
Net cash provided by operating activities		499.3			1,100.6			302.4			403.5			193.0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(60.7	)		(66.7	)		(68.9	)		(34.6	)		(18.0	)
Proceeds from sale of property, plant and equipment		—			—			3.8			—			—
Net cash used in investing activities		(60.7	)		(66.7	)		(65.1	)		(34.6	)		(18.0	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid		(172.6	)		—			—			—			(87.0	)
Purchase of shares		(223.2	) 4		(142.5	)		—			—			—
Net proceeds from issuance of shares and stock options		2.5			21.1			10.5			2.3			7.8
Deposits from customers		—			(150.0	)		150.0			—			—
Repayment of debt		(0.7	)		(0.6	)		(0.3	)		(0.4	)		(0.3	)
Tax benefits from stock options		—			—			(0.3	)		0.4			—
Net cash provided by (used in) financing activities		(394.0	)		(272.0	)		159.9			2.3			(79.5	)
Net cash flows		44.6			761.9			397.2			371.2			95.5
Effect of changes in exchange rates on cash		(2.0	)		(12.2	)		4.6			(11.8	)		5.8
Net increase in cash and cash equivalents		42.6			749.7			401.8			359.4			101.3

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

Basis of Presentation

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

Principles of consolidation

The consolidated financial statements include the accounts of ASML Holding N.V. and all of its subsidiaries and the variable interest entities in which the Company is the primary beneficiary (together referred to as “ASML” or the “Company”). 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 expenses during the reported periods. Actual results could differ from those estimates.

Recognition of revenues

The Company 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 the Company’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 is recognized, only after all specifications are met and customer sign-off is received or waived. In case not all specifications are met and the remaining performance obligation is not essential to the functionality of the system but is substantive rather than inconsequential or perfunctory, a portion of the sales price is deferred. Each system's performance is re-tested upon installation at the customer's site, the Company has never failed to successfully complete installation of a system at a customer’s premises.

The main portion of ASML’s revenue is derived from contractual arrangements with the Company’s customers that have multiple deliverables, such as installation and training services and prepaid extended and enhanced (optic) warranty contracts. For each of the specified deliverables ASML determines the selling price by using either vendor specific objective evidence (‘VSOE’), third party evidence (‘TPE’) or by best estimate of the selling price (‘BESP’). For transactions entered into, or materially modified, as of January 1, 2011, when the Company is unable to establish relative selling price using VSOE or TPE, the Company uses BESP in its allocation of arrangement consideration. The total arrangement consideration is allocated at inception of the arrangement to all deliverables on the basis of their relative selling price. The revenue relating to the undelivered elements of the arrangements is deferred at their relative selling prices until delivery of these elements. 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 the exposure to foreign currency movements. Exceptions may occur on a customer by customer basis. To the extent that invoicing is done in a currency other than the euro, the Company is exposed to foreign currency risk.

It is the Company’s policy to hedge material transaction exposures, such as forecasted sales and purchase transactions and accounts receivable and payable. The Company hedges these exposures through the use of currency contracts (foreign exchange options and forward contracts).

As of June 26, 2011, equity includes EUR 17.8 million loss (net of taxes: EUR 15.9 million loss; December 31, 2010: EUR 35.9 million loss) representing the total anticipated loss to be charged to sales, and EUR 4.7 million loss (net of taxes: EUR 4.2 million loss; December 31, 2010: EUR 6.1 million loss) 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,						Six months ended,
(in millions EUR)	Jun 26, 2011			Jun 27, 2010			Jun 26, 2011			Jun 27, 2010
Net income under U.S. GAAP		432.1			239.2			827.1			346.5
Development costs (see Note 1)		(12.2	)		10.1			(19.4	)		12.1
Share-based payments (see Note 2)		0.1			0.1			(0.2	)		0.2
Reversal of write-downs (see Note 3)		(0.2	)		3.5			3.0			0.2
Income taxes (see Note 4)		2.0			(0.3	)		16.4			(5.1	)
Net income under IFRS		421.8			252.6			826.9			353.9

Shareholders’ equity	Jun 26,		Mar 27,		Dec 31,		Sep 26,			Jun 27,
(in millions EUR)	2011		2011		2010		2010			2010
Shareholders’ equity under U.S. GAAP		3,109.4		3,051.9		2,773.9		2,319.3			2,079.3
Development costs (see Note 1)		213.5		226.1		234.3		268.0			269.1
Share-based payments (see Note 2)		4.2		9.8		6.6		(0.2	)		0.5
Reversal of write-downs (see Note 3)		5.6		5.8		2.6		7.6			17.3
Income taxes (see Note 4)		20.6		18.4		5.1		11.5			1.2
Shareholders’ equity under IFRS		3,353.3		3,312.0		3,022.5		2,606.2			2,367.4

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

Note 1 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 2 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 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 systems 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, uncertainty surrounding the impact of the earthquake and tsunami in Japan and its potential effect on our customers and suppliers 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  The calculation of diluted net income (loss) per ordinary share assumes the exercise of options issued under ASML stock option plans and the issue of shares under ASML share plans for periods in which exercises or issues would have a dilutive effect. The calculation of diluted net income (loss) per ordinary share does not assume exercise of such options or issue of shares when such exercises or issue would be anti-dilutive.

⁴  During the second quarter of 2011, ASML repurchased shares for an amount of EUR 231.3 million. As of 26 June 2011, EUR 8.1 million of the total cost of repurchase amount remained unpaid and is recorded in current liabilities.

EX-99.4

Exhibit 99.4

ASML - Summary IFRS Consolidated Income Statement ^1,2

	Three months ended,						Six months ended,
(in millions EUR)	Jun 26, 2011			Jun 27, 2010			Jun 26, 2011			Jun 27, 2010
Net system sales		1,333.6			923.0			2,618.0			1,554.6
Net service and field option sales		195.8			145.7			363.6			255.9
Total net sales		1,529.4			1,068.7			2,981.6			1,810.5
Total cost of sales		868.4			648.0			1,696.2			1,124.6
Gross profit on sales		661.0			420.7			1,285.4			685.9
Research and development costs		130.6			87.4			258.4			176.3
Selling, general and administrative costs		49.6			43.0			104.8			83.0
Operating income		480.8			290.3			922.2			426.6
Interest income (expense), net		2.3			(3.5	)		0.7			(9.4	)
Income before income taxes		483.1			286.8			922.9			417.2
Provision for income taxes		(61.3	)		(34.2	)		(96.0	)		(63.3	)
Net income		421.8			252.6			826.9			353.9

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

(in millions EUR)	Jun 26, 2011		Dec 31, 2010
ASSETS
Property, plant and equipment		960.2		745.3
Goodwill		140.7		150.1
Other intangible assets		247.3		277.0
Deferred tax assets		247.8		234.2
Finance receivables		—		28.9
Derivative financial instruments		49.5		71.8
Other assets		161.0		159.6
Total non-current assets		1,806.5		1,666.9
Inventories		1,616.7		1,500.1
Current tax assets		1.0		12.7
Derivative financial instruments		32.3		24.4
Finance receivables		61.9		12.6
Accounts receivable		895.1		1,123.5
Other assets		183.8		163.8
Cash and cash equivalents		2,742.1		1,949.8
Total current assets		5,532.9		4,786.9
Total assets		7,339.4		6,453.8
EQUITY AND LIABILITIES
Equity		3,353.3		3,022.5
Long-term debt		701.7		704.3
Derivative financial instruments		1.9		2.0
Deferred and other tax liabilities		211.0		185.0
Provisions		10.1		11.8
Accrued and other liabilities		831.9		371.0
Total non-current liabilities		1,756.6		1,274.1
Provisions		2.1		2.3
Derivative financial instruments		6.7		32.9
Current portion of long-term debt		2.6		1.4
Current and other tax liabilities		84.8		79.4
Accrued and other liabilities		1,509.0		1,485.8
Accounts payable		624.3		555.4
Total current liabilities		2,229.5		2,157.2
Total equity and liabilities		7,339.4		6,453.8

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

	Three months ended,						Six months ended,
(in millions EUR)	Jun 26, 2011			Jun 27, 2010			Jun 26, 2011			Jun 27, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		421.8			252.6			826.9			353.9
Depreciation and amortization		70.7			70.0			138.2			134.3
Impairment		0.3			7.9			0.6			8.7
Loss on disposals of property, plant and equipment		1.5			1.0			1.9			1.6
Share-based payments		1.8			2.4			4.8			5.2
Allowance for doubtful debts		—			—			1.2			0.2
Allowance for obsolete inventory		9.4			14.5			13.5			16.9
Deferred income taxes		(1.6	)		(7.6	)		25.2			6.2
Changes in assets and liabilities		9.5			(108.1	)		619.3			(220.1	)
Net cash provided by operating activities		513.4			232.7			1,631.6			306.9
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(60.7	)		(18.0	)		(127.4	)		(25.2	)
Proceeds from sale of property, plant and equipment		—			—			—			—
Purchases of intangible assets		(14.1	)		(37.9	)		(31.7	)		(69.3	)
Net cash used in investing activities		(74.8	)		(55.9	)		(159.1	)		(94.5	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid		(172.6	)		(87.0	)		(172.6	)		(87.0	)
Purchase of shares		(223.2	) 3		—			(365.7	) 3		—
Net proceeds from issuance of shares and stock options		2.5			7.8			23.6			18.2
Deposits from customers		—			—			(150.0	)		—
Repayment of debt		(0.7	)		(2.1	)		(1.3	)		(4.2	)
Net cash used in financing activities		(394.0	)		(81.3	)		(666.0	)		(73.0	)
Net cash flows		44.6			95.5			806.5			139.4
Effect of changes in exchange rates on cash		(2.0	)		5.8			(14.2	)		12.1
Net increase in cash and cash equivalents		42.6			101.3			792.3			151.5

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

	Three months ended,
(in millions EUR)	Jun 26, 2011			Mar 27, 2011			Dec 31, 2010			Sep 26, 2010			Jun 27, 2010
Net system sales		1,333.6			1,284.4			1,313.1			1,027.0			923.0
Net service and field option sales		195.8			167.8			208.3			149.0			145.7
Total net sales		1,529.4			1,452.2			1,521.4			1,176.0			1,068.7
Total cost of sales		868.4			827.8			860.4			711.1			648.0
Gross profit on sales		661.0			624.4			661.0			464.9			420.7
Research and development costs		130.6			127.8			184.0			107.8			87.4
Selling, general and administrative costs		49.6			55.2			51.1			48.3			43.0
Operating income		480.8			441.4			425.9			308.8			290.3
Interest income (expense), net		2.3			(1.6	)		(1.0	)		2.7			(3.5	)
Income before income taxes		483.1			439.8			424.9			311.5			286.8
Provision for income taxes		(61.3	)		(34.7	)		(62.7	)		(42.1	)		(34.2	)
Net income		421.8			405.1			362.2			269.4			252.6

ASML - Quarterly Summary IFRS Consolidated Statement of

Financial Position ^1,2

(in millions EUR)	Jun 26, 2011		Mar 27, 2011		Dec 31, 2010		Sep 26, 2010		Jun 27, 2010
ASSETS
Property, plant and equipment		960.2		848.7		745.3		724.8		749.4
Goodwill		140.7		141.6		150.1		149.7		162.8
Other intangible assets		247.3		263.8		277.0		339.4		350.6
Deferred tax assets		247.8		240.7		234.2		177.0		229.1
Finance receivables		—		—		28.9		32.2		—
Derivative financial instruments		49.5		64.0		71.8		87.3		71.2
Other assets		161.0		158.9		159.6		18.8		18.6
Total non-current assets		1,806.5		1,717.7		1,666.9		1,529.2		1,581.7
Inventories		1,616.7		1,572.0		1,500.1		1,458.5		1,327.8
Current tax assets		1.0		1.0		12.7		82.4		74.7
Derivative financial instruments		32.3		32.4		24.4		32.5		34.6
Finance receivables		61.9		—		12.6		12.3		—
Accounts receivable		895.1		1,018.8		1,123.5		915.0		811.5
Other assets		183.8		196.4		163.8		209.3		176.7
Cash and cash equivalents		2,742.1		2,699.5		1,949.8		1,548.0		1,188.6
Total current assets		5,532.9		5,520.1		4,786.9		4,258.0		3,613.9
Total assets		7,339.4		7,237.8		6,453.8		5,787.2		5,195.6
EQUITY AND LIABILITIES
Equity		3,353.3		3,312.0		3,022.5		2,606.2		2,367.4
Long-term debt		701.7		691.5		704.3		734.5		729.3
Derivative financial instruments		1.9		1.4		2.0		3.5		3.2
Deferred and other tax liabilities		211.0		202.7		185.0		215.4		248.8
Provisions		10.1		10.6		11.8		12.1		13.8
Accrued and other liabilities		831.9		578.0		371.0		55.0		54.2
Total non-current liabilities		1,756.6		1,484.2		1,274.1		1,020.5		1,049.3
Provisions		2.1		2.1		2.3		2.5		2.7
Derivative financial instruments		6.7		14.1		32.9		32.5		56.8
Current portion of long-term debt		2.6		2.6		1.4		1.4		1.4
Current and other tax liabilities		84.8		78.9		79.4		26.7		13.3
Accrued and other liabilities		1,509.0		1,514.7		1,485.8		1,427.8		1,128.8
Accounts payable		624.3		829.2		555.4		669.6		575.9
Total current liabilities		2,229.5		2,441.6		2,157.2		2,160.5		1,778.9
Total equity and liabilities		7,339.4		7,237.8		6,453.8		5,787.2		5,195.6

ASML - Quarterly Summary IFRS Consolidated Statement of

Cash Flows ^1,2

	Three months ended,
(in millions EUR)	Jun 26, 2011			Mar 27, 2011			Dec 31, 2010			Sep 26, 2010			Jun 27, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		421.8			405.1			362.2			269.4			252.6
Depreciation and amortization		70.7			67.5			54.4			78.4			70.0
Impairment		0.3			0.3			10.7			0.1			7.9
Loss on disposals of property, plant and equipment		1.5			0.4			0.9			0.4			1.0
Share-based payments		1.8			3.0			2.3			4.6			2.4
Allowance for doubtful debts		—			1.2			(2.1	)		0.6			—
Allowance for obsolete inventory		9.4			4.1			3.9			7.7			14.5
Deferred income taxes		(1.6	)		26.8			(64.5	)		31.2			(7.6	)
Changes in assets and liabilities		9.5			609.8			(106.9	)		42.3			(108.1	)
Net cash provided by operating activities		513.4			1,118.2			260.9			434.7			232.7
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(60.7	)		(66.7	)		(68.9	)		(34.6	)		(18.0	)
Proceeds from sale of property, plant and equipment		—			—			3.8			—			—
Purchases of intangible assets		(14.1	)		(17.6	)		43.0			(29.1	)		(37.9	)
Net cash used in investing activities		(74.8	)		(84.3	)		(22.1	)		(63.7	)		(55.9	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid		(172.6	)		—			—			—			(87.0	)
Purchase of shares		(223.2	) 3		(142.5	)		—			—			—
Net proceeds from issuance of shares and stock options		2.5			21.1			10.5			2.3			7.8
Deposits from customers		—			(150.0	)		150.0			—			—
Repayment of debt		(0.7	)		(0.6	)		(2.1	)		(2.1	)		(2.1	)
Net cash provided by (used in) financing activities		(394.0	)		(272.0	)		158.4			0.2			(81.3	)
Net cash flows		44.6			761.9			397.2			371.2			95.5
Effect of changes in exchange rates on cash		(2.0	)		(12.2	)		4.6			(11.8	)		5.8
Net increase in cash and cash equivalents		42.6			749.7			401.8			359.4			101.3

ASML - Notes to the Summary IFRS Consolidated Financial Statements

Basis of Presentation

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

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

Principles of consolidation

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

Use of estimates

The preparation of ASML’s consolidated financial statements in conformity with IFRS as adopted by the EU 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 dates of the statement of financial position 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 ASML’s cleanroom facilities, effectively replicating the operating conditions that will be present on the customer’s site, in order to verify whether the system will meet its standard specifications and any additional technical and performance criteria agreed with the customer. A system is shipped, and revenue is recognized, only after all specifications are met and customer sign-off is received or waived. In case not all specifications are met and the remaining performance obligation is not essential to the functionality of the system but substantive rather than inconsequential or perfunctory a portion of the sales price is deferred. Although each system’s performance is re-tested upon installation at the customer’s site, the Company has never failed to successfully complete installation of a system at a customer’s premises.

A portion of the Company’s revenue is derived from contractual arrangements with its customers that have multiple deliverables, such as installation and training services, prepaid service contracts and prepaid extended optic warranty contracts. The revenue relating to the undelivered elements of the arrangements is deferred until delivery of these elements. Revenue from installation and training services is recognized when the services are completed. Revenue from prepaid 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 primary invoicing currency in order to limit the exposure to foreign currency movements. Exceptions may occur on a customer-by-customer basis. To the extent that invoicing is done in a currency other than the euro, the Company is exposed to foreign currency risk.

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

As of June 26, 2011, equity includes EUR 17.8 million loss (net of taxes: EUR 15.9 million loss; December 31, 2010: EUR 35.9 million loss) representing the total anticipated loss to be charged to sales, and EUR 4.7 million loss (net of taxes: EUR 4.2 million loss; December 31, 2010: EUR 6.1 million loss) 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,						Six months ended,
(in millions EUR)	Jun 26, 2011			Jun 27, 2010			Jun 26, 2011			Jun 27, 2010
Net income under U.S. GAAP		432.1			239.2			827.1			346.5
Development costs (see Note 1)		(12.2	)		10.1			(19.4	)		12.1
Share-based payments (see Note 2)		0.1			0.1			(0.2	)		0.2
Reversal of write-downs (see Note 3)		(0.2	)		3.5			3.0			0.2
Income taxes (see Note 4)		2.0			(0.3	)		16.4			(5.1	)
Net income under IFRS		421.8			252.6			826.9			353.9

Shareholders’ equity (in millions EUR)	Jun 26, 2011		Mar 27, 2011		Dec 31, 2010		Sep 26, 2010			Jun 27, 2010
Shareholders’ equity under U.S. GAAP		3,109.4		3,051.9		2,773.9		2,319.3			2,079.3
Development costs (see Note 1)		213.5		226.1		234.3		268.0			269.1
Share-based payments (see Note 2)		4.2		9.8		6.6		(0.2	)		0.5
Reversal of write-downs (see Note 3)		5.6		5.8		2.6		7.6			17.3
Income taxes (see Note 4)		20.6		18.4		5.1		11.5			1.2
Shareholders’ equity under IFRS		3,353.3		3,312.0		3,022.5		2,606.2			2,367.4

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

Note 1 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 2 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 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 systems 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, uncertainty surrounding the impact of the earthquake and tsunami in Japan and its potential effect on our customers and suppliers 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  During the second quarter of 2011, ASML repurchased shares for an amount of EUR 231.3 million. As of 26 June 2011, EUR 8.1 million of the total cost of repurchase amount remained unpaid and is recorded in accrued and other current liabilities.