ASML Holding NV, the Netherlands-based maker of advanced semiconductor manufacturing equipment, reported stronger-than-expected first-quarter results and raised its 2026 sales forecast on Wednesday, citing sustained demand for chips powering artificial intelligence applications.
The company posted Q1 revenue of €7.1 billion ($7.6 billion), exceeding analyst estimates of €6.8 billion, with net income reaching €2.1 billion against projections of €1.9 billion. ASML now anticipates 2026 sales between €35-40 billion, up from its previous €30-35 billion guidance.
‘The AI-driven semiconductor expansion shows no signs of slowing,’ said a financial analyst familiar with ASML’s operations who requested anonymity due to company policy. ‘ASML’s extreme ultraviolet (EUV) lithography systems remain critical for producing the most advanced chips.’
ASML dominates the market for EUV machines, which are essential for manufacturing cutting-edge processors used in data centers, smartphones, and AI accelerators. The company supplies major chipmakers including TSMC, Samsung, and Intel.
Industry officials note that while traditional computing markets have softened, the AI boom continues to drive investment in semiconductor manufacturing capacity. ‘Every major foundry is racing to add EUV-capable production lines,’ said a supply chain executive at a top Asian chipmaker.
Looking ahead, analysts caution that geopolitical tensions and potential export restrictions could impact ASML’s growth trajectory. The company recently faced new Dutch government curbs on shipments of some advanced equipment to China.