ASML (ASML) Q1 2026 Pre Recorded earnings summary

Executive summary

• Q1 2026 net sales reached €8.8 billion, with net income of €2.8 billion, both within guidance, reflecting strong demand driven by AI adoption and advanced logic and memory processes.

• Gross margin for Q1 2026 was 53.0%, at the high end of guidance, supported by strong installed base business.

• Lithography remains central to innovation, with a versatile product portfolio supporting 3D integration and EUV technology scaling.

• Industry partnerships, ESG leadership, and significant cash returns to shareholders via dividends and buybacks were emphasized.

• Strong order intake and increased customer demand driven by AI-related infrastructure investments.

Financial highlights

• Q1 2026 gross margin was 53.0%, operating margin 36.0%, and net income margin 31.4%.

• Q1 2026 net sales: €8,766.9 million, up from €7,741.5 million in Q1 2025.

• Q1 2026 net income: €2,756.7 million, up from €2,355.0 million in Q1 2025.

• Basic EPS for Q1 2026: €7.15, compared to €6.00 in Q1 2025.

• Installed Base Management sales increased to €2,488 million in Q1 2026 from €2,134 million in Q4 2025.

Outlook and guidance

• Q2 2026 net sales expected between €8.4 billion and €9.0 billion; gross margin between 51% and 52%.

• Full-year 2026 net sales guidance raised to €36–40 billion, gross margin expected between 51% and 53%.

• R&D costs for Q2 2026 projected at €1.2 billion; SG&A at €0.3 billion.

• Long-term opportunity for 2030 annual revenue projected at €44–60 billion with gross margin of 56–60%.

• Effective tax rate for 2026 expected around 17%.