Strong AI Demand Drives ASML’s Q1 Revenue to €8.8 Billion, Beating Estimates

April 15, 2026 – ASML Holding N.V., the global leader in semiconductor equipment, today released its first-quarter 2026 financial results. Driven by sustained investment in artificial intelligence (AI) infrastructure, the company’s performance exceeded market expectations across the board, and it raised its full-year outlook.

ASML reported first-quarter net sales of €8.8 billion (approximately RMB 70.7 billion), net income of €2.8 billion (approximately RMB 22.5 billion), and a gross margin of 53.0%. Due to seasonal factors, revenue declined sequentially from the fourth quarter of 2025, but rose 13.3% year-on-year.

“The semiconductor industry’s growth prospects continue to strengthen, with chip demand now exceeding supply,” said Christophe Fouquet, President and Chief Executive Officer of ASML. “Our customers are accelerating their capacity expansion plans for 2026 and beyond, and have signed long-term agreements with their own customers. Over the past few months, customers have significantly raised their short- and medium-term demand expectations for our products.”

From a customer segment perspective, memory-chip demand surged: 51% of net system sales went to memory products, compared with just 30% in the previous quarter. Regionally, South Korea became ASML’s largest market with a 45% share, followed by Taiwan, China at 23%, while mainland China’s share contracted to 19% due to export control impacts.

Looking ahead, ASML raised its full-year 2026 net sales guidance to €36–40 billion (up from the previous €34–39 billion), while maintaining its gross margin outlook at 51%–53%. For the second quarter, the company expects net sales of €8.4–9.0 billion (approximately RMB 67.5–72.3 billion) and a gross margin of approximately 51%–52%.

As the sole supplier of extreme ultraviolet (EUV) lithography systems, ASML continues to benefit from capacity expansion for advanced process nodes driven by AI chips and high-performance computing. Despite cyclical fluctuations in the global semiconductor industry, ASML has demonstrated strong earnings resilience thanks to its technological moat and customer stickiness. The upward revision to its full-year guidance signals confidence in strong order backlog going forward.