Reports Q1 Net €2.76B v €2.58Be, Rev €8.77B v €8.55Be; Raises FY26 Rev outlook; Notes order intake continues to be very strong, its customers are accelerating capacity expansion plans for 2026 and beyond
Wednesday, April 15, 2026 1:00:13 AMEST
- Guides Q2 Rev €8.4-9.0B v €9.1Be
- Guides Q2 Gross Margin 51-52% v 52.5%e
- Affirms FY26 gross margin 51-53% (prior: 51-53%)
- Raises FY26 Rev €36-40B y/y (prior: €34-39B)
- Gross margin 53.0% v 52.2% q/q v 52.2%e
- Net Bookings undisclosed v €13.2B q/q [**Note: Jan 2025, ASML promised to stop providing quarterly net bookings numbers after 2025 due to lumpiness]
- New lithography systems sold (units) 67 v 94 q/q
- CEO: "Our first-quarter total net sales were €8.8 billion, within our guidance, and gross margin came in at 53.0%, at the high end of our guidance.
"The semiconductor industry's growth outlook continues to solidify, driven by ongoing AI-related infrastructure investments. Demand for chips is outpacing supply. In response, our customers are accelerating their capacity expansion plans for 2026 and beyond, supported by long-term agreements with their customers. In the past months, our customers have increased their expected short- and medium-term demand for our products. ASML's order intake continues to be very strong as a result, and we are closely aligned with our customers to support their demand in a combination of delivery of new systems and performance upgrades of their installed base. These business dynamics underpin our expectation that 2026 will be another growth year for all our businesses.
"We expect second-quarter 2026 total net sales between €8.4 billion and €9.0 billion, with a gross margin between 51% and 52%. We expect R&D costs of around €1.2 billion and SG&A costs of around €0.3 billion. Given the demand dynamics discussed above, we now expect total net sales for 2026 to be between €36 billion and €40 billion, with a gross margin between 51% and 53%. We expect that the bandwidth in our 2026 guidance accommodates potential outcomes of ongoing discussions around export controls," said ASML President and Chief Executive Officer Christophe Fouquet.
Update dividend and share buyback program
ASML intends to declare a total dividend for the year 2025 of €7.50 per ordinary share, which is a 17% increase compared to 2024.
Recognizing the three interim dividends of €1.60 per ordinary share paid in 2025 and 2026, this leads to a final dividend proposal to the Annual General Meeting of €2.70 per ordinary share.
In the first quarter, we purchased around €1.1 billion worth of shares under the 2026–2028 share buyback program.
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- Guides Q2 Gross Margin 51-52% v 52.5%e
- Affirms FY26 gross margin 51-53% (prior: 51-53%)
- Raises FY26 Rev €36-40B y/y (prior: €34-39B)
- Gross margin 53.0% v 52.2% q/q v 52.2%e
- Net Bookings undisclosed v €13.2B q/q [**Note: Jan 2025, ASML promised to stop providing quarterly net bookings numbers after 2025 due to lumpiness]
- New lithography systems sold (units) 67 v 94 q/q
- CEO: "Our first-quarter total net sales were €8.8 billion, within our guidance, and gross margin came in at 53.0%, at the high end of our guidance.
"The semiconductor industry's growth outlook continues to solidify, driven by ongoing AI-related infrastructure investments. Demand for chips is outpacing supply. In response, our customers are accelerating their capacity expansion plans for 2026 and beyond, supported by long-term agreements with their customers. In the past months, our customers have increased their expected short- and medium-term demand for our products. ASML's order intake continues to be very strong as a result, and we are closely aligned with our customers to support their demand in a combination of delivery of new systems and performance upgrades of their installed base. These business dynamics underpin our expectation that 2026 will be another growth year for all our businesses.
"We expect second-quarter 2026 total net sales between €8.4 billion and €9.0 billion, with a gross margin between 51% and 52%. We expect R&D costs of around €1.2 billion and SG&A costs of around €0.3 billion. Given the demand dynamics discussed above, we now expect total net sales for 2026 to be between €36 billion and €40 billion, with a gross margin between 51% and 53%. We expect that the bandwidth in our 2026 guidance accommodates potential outcomes of ongoing discussions around export controls," said ASML President and Chief Executive Officer Christophe Fouquet.
Update dividend and share buyback program
ASML intends to declare a total dividend for the year 2025 of €7.50 per ordinary share, which is a 17% increase compared to 2024.
Recognizing the three interim dividends of €1.60 per ordinary share paid in 2025 and 2026, this leads to a final dividend proposal to the Annual General Meeting of €2.70 per ordinary share.
In the first quarter, we purchased around €1.1 billion worth of shares under the 2026–2028 share buyback program.