ASML Beats Q1 Estimates
ASML reported stronger-than-expected Q1 revenue of about $10.3 billion and lifted its full-year guidance to roughly $43 billion. The company attributed the upgrade to elevated demand for EUV lithography from AI-chip customers. (x.com)
ASML lifted its 2026 sales forecast on April 15 after first-quarter revenue and profit came in above analyst estimates. (asml.com) The Dutch company reported first-quarter net sales of 8.8 billion euros, or about $10.4 billion, and net income of 2.8 billion euros. LSEG had expected 8.5 billion euros in sales and 2.5 billion euros in profit. (asml.com) (cnbc.com) ASML now expects 2026 net sales of 36 billion euros to 40 billion euros, up from its earlier range of 34 billion euros to 39 billion euros. It said second-quarter sales should land between 8.4 billion euros and 9.0 billion euros. (asml.com) (cnbc.com) ASML is the company that sells the lithography machines chipmakers use to print circuit patterns onto silicon wafers. Its most advanced extreme ultraviolet lithography systems are used to make the leading-edge chips that power artificial intelligence servers and smartphones. (cnbc.com) Chief executive Christophe Fouquet said customers have increased their short- and medium-term demand as artificial intelligence infrastructure spending continues. He said chip demand is running ahead of supply and customers are accelerating capacity expansion plans for 2026 and beyond. (asml.com) The company’s gross margin reached 53.0% in the quarter, the high end of its own guidance, and installed-base management sales rose to 2.488 billion euros from 2.134 billion euros in the prior quarter. ASML sold 67 new lithography systems in the quarter, down from 94 in the fourth quarter of 2025. (asml.com) Investors did not focus only on the beat. ASML shares fell about 6% on April 15 as tighter export restrictions and proposed new limits on sales to China overshadowed the stronger outlook. (cnbc.com) China accounted for 19% of ASML’s system sales in the first quarter, down from 36% in the December quarter. Fouquet said ASML’s 2026 guidance range includes possible outcomes from ongoing export-control discussions. (cnbc.com) (asml.com) The immediate test is whether orders for extreme ultraviolet lithography tools stay strong enough to offset weaker China sales. ASML’s latest forecast says the company thinks they will. (asml.com)
