Earnings Call
Apr 15, 2026
Q1 FY2026
EPS Estimate
7.72
EPS Actual
8.44
Post-Earnings Close
$1481.77
Earnings Reaction
-2.4%
ASML's Q1 2026 results came in at the high end of guidance across both revenue and gross margin, with net sales of €8.8 billion and a gross margin of 53%, the top of the guided 51-53% range. Net income reached €2.8 billion. The upside on margin was driven by a stronger-than-expected Installed Base contribution of €2.5 billion, which not only exceeded guidance but carried particularly favorable margin characteristics within its component mix. While the headline numbers represent a solid execution quarter, the more consequential development was management's decision to raise and narrow full-year 2026 revenue guidance to €36-40 billion, up from the prior €34-39 billion range, a meaningful upward revision that signals genuine demand acceleration rather than mere guidance maintenance.
Report generated on Apr 15, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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