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  "description": "Headline: ASML delivered a solid Q1, lifted its FY26 revenue range, and signaled broadening strength beyond EUV as AI-driven memory and logic demand keeps customer capacity plans moving higher. (ASML)\n\n\nKey Metrics\n\n * Total net sales: €8.8B, within guidance. (ASML)\n * Installed Base Management revenue: €2.5B, slightly above guidance. (ASML)\n * Gross margin: 53.0%, at the high end of guidance. (ASML)\n * Net income: €2.8B; EPS: €7.15. (ASML)\n * Net system sales: €6.3B, including €4.1B+ from EUV a",
  "path": "/asml-asml-q1-2026-earnings-core-brief-edition/",
  "publishedAt": "2026-04-15T20:39:22.000Z",
  "site": "https://www.core-brief.com",
  "tags": [
    "ASML",
    "ourbrand.asml.com"
  ],
  "textContent": "**Headline:** ASML delivered a solid Q1, lifted its FY26 revenue range, and signaled broadening strength beyond EUV as AI-driven memory and logic demand keeps customer capacity plans moving higher. (ASML)\n\n### Key Metrics\n\n  * **Total net sales:** **€8.8B** , within guidance. (ASML)\n  * **Installed Base Management revenue:** **€2.5B** , slightly above guidance. (ASML)\n  * **Gross margin:** **53.0%** , at the high end of guidance. (ASML)\n  * **Net income:** **€2.8B** ; **EPS:** **€7.15**. (ASML)\n  * **Net system sales:** **€6.3B** , including **€4.1B+** from EUV and **€2.1B+** from non-EUV; sales mix was **49% Logic / 51% Memory**. (ourbrand.asml.com)\n  * **New lithography systems sold:** **67** ; **used systems sold:** **12**. (ourbrand.asml.com)\n  * **Cash, cash equivalents and short-term investments:** **€8.4B** at quarter-end. (ourbrand.asml.com)\n  * **Free cash flow:** **-€2.6B** , largely due to down-payment timing. (ourbrand.asml.com)\n\n\n\n### Segment & Strategy Highlights\n\n  * **EUV:** Management expects EUV revenue to rise significantly in 2026, supported by advanced logic and DRAM demand; Q1 EUV system revenue was already **€4.1B+** , including **2 High-NA systems**. (ourbrand.asml.com)\n  * **Non-EUV / DUV:** ASML had previously expected non-EUV revenue to be roughly flat in 2026, but now expects growth as customers add more DUV lithography to support expansion plans. (ourbrand.asml.com)\n  * **Installed Base Management:** IBM revenue is expected to grow significantly this year, helped by the expanding EUV installed base and customer demand for performance upgrades to lift near-term output. (ourbrand.asml.com)\n  * **Demand backdrop:** Management said semiconductor growth is “solidifying,” driven by AI infrastructure. Memory customers are described as sold out for much of the year, while logic customers continue to ramp **2nm** and add capacity across multiple advanced nodes. (ourbrand.asml.com)\n\n\n\n### Product, Tech, AI\n\n  * ASML said both advanced DRAM and logic customers are increasing adoption of **EUV** and **immersion DUV** on new nodes, raising lithography intensity. (ourbrand.asml.com)\n  * On the Low-NA roadmap, ASML highlighted a **1,000-watt source** milestone and said it sees a path to at least **330 wafers per hour** at the start of the next decade. (ourbrand.asml.com)\n  * In the near term, all **NXE:3800E** systems can be upgraded to **230 wafers per hour** ; **NXE:3800F** spec was raised to **260 wafers per hour** , with shipping planned for **2027** and full volume in **2028**. (ourbrand.asml.com)\n  * High-NA has now processed **500k+ wafers** and reached **80%+ availability**. ASML said customer work points to **18nm** line/space for logic and **28nm** contact pitch for DRAM, supporting single exposure for at least **3 nodes** in both logic and DRAM. (ourbrand.asml.com)\n\n\n\n### Balance Sheet & Capital\n\n  * ASML paid its third interim 2025 dividend of **€1.60/share** in Q1 and still intends to declare a total 2025 dividend of **€7.50/share** , up **17%** versus 2024; the implied final dividend proposal is **€2.70/share**. (ourbrand.asml.com)\n  * The company also repurchased about **€1.1B** of shares in Q1 under its **2026-2028** buyback program. (ourbrand.asml.com)\n\n\n\n### Guidance / Outlook\n\n  * **Q2 2026 net sales:** **€8.4B-€9.0B**. (ASML)\n  * **Q2 2026 Installed Base Management revenue:** around **€2.5B**. (ourbrand.asml.com)\n  * **Q2 2026 gross margin:** **51%-52%**. (ASML)\n  * **Q2 2026 opex:** **R &D ~€1.2B** and **SG &A ~€0.3B**. (ourbrand.asml.com)\n  * **FY 2026 revenue guidance:** **€36B-€40B** , **raised** from the prior **€34B-€39B** range. (ASML)\n  * **FY 2026 gross margin guidance:** unchanged at **51%-53%** ; management said revenue should be weighted to **2H26** and that the range accommodates potential export-control outcomes. (ASML)\n\n\n\n### Bottom Line\n\nASML’s Q1 readout reinforces that AI is no longer just supporting leading-edge EUV demand; it is also pulling forward broader capacity additions across memory, logic, DUV, and installed-base upgrades. (ourbrand.asml.com)\n\nThe key change this quarter was not just solid execution at **53.0%** gross margin, but a more constructive 2026 setup: higher full-year revenue guidance, better non-EUV expectations, and continued confidence that lithography intensity keeps rising as customers chase constrained advanced-node supply. (ASML)",
  "title": "ASML (ASML) Q1 2026 Earnings — Core Brief Edition",
  "updatedAt": "2026-04-15T20:39:22.874Z"
}