As of Q4'25, ASML reported net income of USD 2.07B, representing a year-over-year decrease of 22.98%. This marks a decline from the previous quarter, when net income stood at USD 2.12B. Over the period from Q1'23 to Q4'25, ASML's net income exhibited notable volatility, with a sharp dip in Q1'24 (USD 1.22B) followed by a strong recovery peaking at USD 2.69B in Q4'24. Year-over-year growth rates fluctuated significantly, turning negative in early 2024 before rebounding to over 92% in Q1'25, then moderating and returning to negative territory by Q4'25. This pattern suggests periods of both contraction and robust recovery, highlighting the cyclical nature of ASML's earnings performance during this timeframe.