ASML Holding N.V. (ASML) Earnings Call Transcripts

ASML Holding N.V.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, ASML reported total net sales of EUR 8.8 billion and net income of EUR 2.8 billion, leading to earnings per share (EPS) of EUR 7.15. The results were in line with guidance, with a gross margin at the high end of expectations at 53%. Management raised their revenue guidance for the full year to between EUR 36 billion and EUR 40 billion, reflecting strong demand driven by AI-related investments and capacity expansions in the semiconductor industry. The outlook for the second quarter includes projected net sales between EUR 8.4 billion and EUR 9 billion, with a gross margin expected between 51% and 52%.

Reported metrics

Guidance from management

Management expects Q2 total net sales to be between EUR 8.4 billion and EUR 9 billion, with a gross margin of 51% to 52%. They have raised the full-year revenue guidance to EUR 36 billion to EUR 40 billion, reflecting strong demand.

What management said

Thank you, Jim. Welcome, everyone, and thank you for joining us for our first quarter 2026 results conference call. Before we begin the Q&A session, Roger and I would like to provide an overview and some commentaries on the first quarter 2026 results as well as provide some additional comments on the current business environment and on our future business plans. Roger?

Thank you, Roger, and thank you, Christophe. The operator will instruct you momentarily on the protocol for the Q&A session. [Operator Instructions] Now operator, could we have your final instructions and then the first question, please?

What analysts pressed on

Analysts expressed concerns regarding the sustainability of gross margins amidst rising operational costs and the potential impact of supply chain constraints on production capacity. Questions were raised about the visibility of customer demand extending into 2027 and beyond.

Main topics on the call

• Revenue Guidance Increase — Management updated their 2026 revenue guidance to a range of EUR 36 billion to EUR 40 billion, up from previous estimates. CEO Christophe Fouquet stated, "We continue to see a strong year ahead and expect ASML to grow in...
• Strong Demand in Semiconductor Sector — The semiconductor industry is experiencing robust demand, particularly in memory and logic sectors, with customers indicating they are sold out for the year. Fouquet noted, "Demand will continue to outpace supply," highl...
• Installed Base Management Sales — Installed base management sales reached EUR 2.5 billion, slightly above guidance. This segment is expected to grow significantly due to service revenue from the expanding EUV installed base.
• Gross Margin Stability — Gross margin for Q1 was reported at 53%, at the high end of guidance. CFO Roger Dassen explained that while immersion sales are increasing, costs associated with ramping up production have kept the margin guidance unchan...

Read the full ASML Holding N.V. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 82 ASML Holding N.V. earnings call transcripts on record, spanning January 22, 2020 to July 15, 2026. Based on this history, ASML Holding N.V. reports quarterly. The most recent call on file is dated July 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ASML

Exchange

ENXTAM

Country

NL

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

82

First call

January 22, 2020

Most recent

July 15, 2026

Reporting cadence

quarterly