ASML Holding NV up 4.12% in pre-market on record Q4 orders and raised 2026 outlook

ASML reported record Q4 net bookings of €13.2 billion, driven by strong EUV orders totaling €7.4 billion, leading the company to raise its 2026 sales guidance to a midpoint of €36.5 billion.

• The stock traded up 4.12% pre-market following the news, while analysts including Evercore ISI and JPMorgan maintained Outperform/Overweight ratings.
• The company also raised its long-term gross margin guidance to 51-53%.
• Due to U.S. export curbs, ASML expects China revenue to drop significantly, accounting for only ~20% of total sales in 2026 (down from 33% in 2025).