ASML forecasts second-quarter net sales between €8.4 billion and €9.0 billion, compared to a market expectation of €9.07 billion.ASML reported strong first-quarter results and raised its full-year sales guidance. The CEO stated that chip demand currently exceeds supply, and customers are accelerating capacity expansion.The company has increased its full-year 2026 net sales forecast to €36 billion–€40 billion, up from the previous range of €34 billion–€39 billion. However, the second-quarter net sales guidance of €8.4 billion–€9.0 billion falls slightly short of the analyst consensus estimate of €9.07 billion.ASML's first-quarter net sales reached €8.77 billion, exceeding the market expectation of €8.69 billion; net profit was €2.76 billion, also beating the expected €2.56 billion; gross margin stood at 53%, better than the anticipated 52.2%. Strong earnings data partially offset concerns arising from the weaker-than-expected second-quarter guidance.<h2>Demand Side: AI-Driven Chip Demand Continues to Surge</h2>Following the earnings release, ASML's CEO noted that chip demand now surpasses supply, with customers speeding up capacity expansion plans for 2026 and beyond.In its earnings statement, ASML highlighted that the growth outlook for the semiconductor industry remains robust, primarily driven by sustained investments in AI infrastructure. Supported by long-term agreements signed with downstream clients, companies are accelerating their production capacity deployment.The company stated that order intake remains very strong, and it is working closely with customers by delivering new equipment and upgrading existing units to fully meet customer needs.<h2>Full-Year Guidance Raised; Second-Quarter Outlook Shows Gap</h2>ASML has shifted its full-year 2026 net sales guidance range upward, raising the lower bound from €34 billion to €36 billion and the upper bound from €39 billion to €40 billion. The full-year gross margin forecast remains between 51% and 53%.However, the midpoint of the second-quarter net sales guidance (€8.4 billion–€9.0 billion) is approximately €8.7 billion, below Bloomberg consensus estimates of €9.07 billion. The expected gross margin range for the quarter is 51%–52%, slightly lower than the actual gross margin achieved in the first quarter.Additionally, cash and other assets totaled €8.38 billion in the first quarter, significantly below the analyst expectation of €12.93 billion—a discrepancy worth noting for investors.Updates to follow

ASML

SOXX

ASMG

- 阿斯麦预计二季度净销售额为 84 亿至 90 亿欧元，低于市场预期 90.7 亿欧元。  
- 公司将 2026 年全年净销售额预期上调至 360 亿至 400 亿欧元，毛利率维持在 51% 至 53% 之间。  
- 一季度净销售额为 87.7 亿欧元，净利润超出预期，强劲盈利部分抵消了二季度指引的疑虑。

Wallstreetcn

VanEck Semiconductor ETF

iShares Semiconductor ETF

Leverage Shares 2X Long ASML Daily ETF

Micron Tech

Taiwan Semiconductor

NVIDIA

Microsoft

Alphabet

Alphabet - C

OpenAI

NVIDIA Corporation

阿斯麦 Q1 净利超预期，但 Q2 展望不及预期，出口管制不确定性纳入全年预测