ASML Q1 Profit Rises 17%, Raises 2026 Forecast

ASML, the Dutch semiconductor equipment maker based in Veldhoven, reported a net profit of 2.76 billion euros for the first quarter of 2026 on Wednesday, marking a 17 percent increase from the same period in 2025. The results, driven by surging demand for advanced chipmaking tools amid artificial intelligence infrastructure expansion, prompted the company to raise its full-year revenue forecast to between 36 billion and 40 billion euros, up from a prior range of 34 billion to 39 billion euros.

Revenue for the quarter reached 8.77 billion euros, a 13 percent rise year-over-year and above analyst expectations of around 8.63 billion euros. The gross margin stood at 53 percent, at the high end of prior guidance. Chief Executive Christophe Fouquet attributed the performance to robust growth in the semiconductor sector, stating that "demand for chips is outpacing supply" and that customers are accelerating capacity expansion plans for 2026 and beyond, supported by long-term agreements.

Key contributors included sales of extreme ultraviolet (EUV) lithography systems, which account for about two-thirds of revenue and enable the production of cutting-edge microchips used in AI...