ASML Holding NV reported strong Q1 2026 results and increased its annual sales guidance. The company now expects full-year sales between €36 billion and €40 billion. This outlook improves upon the previous forecast of €34 billion to €39 billion. Surging demand for artificial intelligence infrastructure drove the upward revision.
Major customers like TSMC, Samsung, and Intel are expanding capacity to meet AI chip requirements. CEO Christophe Fouquet noted that chip demand is currently outpacing supply. Customers are consequently accelerating their expansion plans for 2026 and the following years.
ASML generated €8.8 billion in net sales during the first quarter. Net income reached €2.8 billion for the period. Shares rose approximately 1% in Amsterdam trading after the report. The update provides a positive signal for technology ETFs including VGT, XLK, QQQ, and SMH.