ASML Holding N.V. (ASML) Earnings
ASML Holding N.V. is expected to report next earnings on July 15, 2026 (in NaN days), with a consensus EPS estimate of $8.06. ASML has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise -4.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 15, 2026 | $7.72 | $8.37 | +8.4% | $10.3B | +2.4% |
| Jan 28, 2026 | $9.04 | $8.55 | -5.4% | $11.3B | +11.7% |
| Oct 15, 2025 | $6.27 | $6.41 | +2.2% | $8.7B | -3.2% |
| Jul 16, 2025 | $5.94 | $4.55 | -23.4% | $8.7B | -0.8% |
| Apr 16, 2025 | $6.12 | $6.31 | +3.1% | $8.3B | -7.5% |
| Jan 29, 2025 | $7.41 | $7.30 | -1.5% | $9.9B | +29.7% |
| Oct 15, 2024 | $5.29 | $5.74 | +8.5% | $8.3B | -14.4% |
| Jul 17, 2024 | $4.06 | $4.36 | +7.4% | $6.7B | -5.8% |
| Apr 17, 2024 | $3.00 | $3.31 | +10.3% | $5.7B | -2.3% |
| Jan 24, 2024 | $5.18 | $5.64 | +8.9% | $7.8B | +4.5% |
| Oct 18, 2023 | $4.86 | $5.10 | +4.9% | $7.3B | +1.0% |
| Jul 19, 2023 | $5.06 | $5.49 | +8.5% | $7.5B | +1.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 15, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Semiconductor industry growth is solidified, driven by AI infrastructure investment, with strong demand for advanced memory and logic. Supply won't meet demand in foreseeable future, leading customers to increase capacity. • Memory customers sold out for 2026 and supply constraint lasts beyond. Advanced logic customers building capacity for several nodes and ramping 2-nanometer for AI products. • ASML working closely with customers to increase capacity, including 2026 output of at least 60 systems for EUV Low NA, immersion deep UV sales close to last year's unit numbers, and 2027 expectation of at least 80 Low NA EUV units if customer demand supports. Non-EUV business demand increasing. Installed Base business growing. • Technology progress: Demonstration of 1,000-watt source secures extendibility of Low NA EUV, increased throughput of NXE:3800E from 220 to 230 wafers per hour, NXE:3800F upgraded to 260 wafers per hour. High NA platform progress includes reducing mask number, ecosystem progress, and better tool maturity with more wafers per day.
Guidance
• 2026 full-year expected to be EUR 36 billion to EUR 40 billion, with gross margin maintained at 51% to 53%. • Q2 2026 total net sales expected to be EUR 8.4 billion to EUR 9 billion, with EUR 2.5 billion of Installed Base business and gross margin between 51% and 52%.
Segment performance
For Q1, total net sales came in at EUR 8.8 billion. Included in it was EUR 2.5 billion for Installed Base revenue, which was a bit above guidance. Gross margin was 53%, at the high end of the guided range. Net income for the quarter was EUR 2.8 billion. For Q2, they expect total net sales to be between EUR 8.4 billion and EUR 9 billion, with EUR 2.5 billion of Installed Base business, and gross margin between 51% and 52%.
Analyst Q&A
Q: Give summary of Q1 2026 results.
A: For the quarter, total net sales came in at EUR 8.8 billion, within guidance. Installed Base revenue was EUR 2.5 billion, a bit above guidance. Gross margin 53%, at high end of guided range. Net income EUR 2.8 billion.
Q: Guide for Q2 '26 results.
A: Expect EUR 8.4 billion to EUR 9 billion of total net sales, included EUR 2.5 billion of Installed Base business, gross margin between 51% and 52%.
Q: Outlook on market.
A: Semiconductor industry growth continued to solidify driven by AI infrastructure investment, strong demand for advanced memory and logic, supply won't meet demand in foreseeable future, customers invited to create more capacity.
Q: Details on adding capacity to support market demand.
A: Working with customers on new shipments, system performance upgrade and Installed Base products. 2026 output of at least 60 systems for EUV Low NA, immersion deep UV sales close to last year's unit numbers. 2027 expectation of at least 80 Low NA EUV units if customer demand supports, non-EUV business in line with customer needs.
Q: Update on 2026 own business.
A: 2026 is strong year, expected to be EUR 36 billion to EUR 40 billion, EUV strong, non-EUV demand increasing, Installed Base business growing, can accommodate export control discussions.
Q: Gross margin for 2026.
A: Maintain expectation of 51% to 53%.
Q: Insights on technology and road map.
A: Continues to execute on road map, demonstration of 1,000-watt source for Low NA EUV extendibility, increased throughput of NXE:3800E, upgraded NXE:3800F to 260 wafers per hour. High NA platform progress includes reducing mask number, ecosystem progress, better tool maturity with customers testing on real products.