ASML (ASML) Raises 2026 Guidance Amid Strong AI Demand

AI Summary

ASML (ASML) raised its 2026 sales forecast to between 36 billion euros and 40 billion euros, up from a prior estimate of 34 billion euros to 39 billion euros. First-quarter net sales reached 8.8 billion euros ($10.4 billion), surpassing the expected 8.5 billion euros, while net profit was 2.8 billion euros, above the 2.5 billion euros forecasted. Approximately 51% of ASML's new tool sales were for memory production, increasing from 30% in the previous quarter. Despite not releasing order numbers, the company's management indicated that order intake remains strong, responding to heightened demand in the AI semiconductor market.