---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42677080.md"
description: "ASML First Take: A solid print, with revenue and GPM beating estimates. Growth re-accelerated, driven by pull-ins from TSMC and Korean memory customers.Guidance was the standout. Management guides next-quarter revenue at €11–12bn, well above the Street at €10.3bn.Management also raised the 2026 full-year outlook to €43–45bn (from €36–40bn). That implies +31–37% YoY.Street expectations were ~€39.5–40bn, so the new guide beats all forecasts and reinforces market confidence.Based on the guide, Q4 revenue could climb further to about €14–15bn. That suggests core wafer fabs will begin large-scale pull-ins in 2H.On orders, the company stopped disclosing detailed bookings starting last quarter. Bookings are a key leading indicator; watch for any color from management on the call (see Dolphin Research Trans to follow).Despite the broad AI pullback, ASML’s drawdown has been relatively modest (~15%). Downstream wafer fabs are set to lift capex, and MU has again raised its capex outlook.This should provide tangible earnings support.Overall, management’s sharply higher operational guide underpins 30%+ growth for the year and helps steady market sentiment. For more on orders and tech progress, please follow Dolphin Research’s upcoming detailed take and management call highlights。$ASML(ASML.US)"
datetime: "2026-07-15T06:41:47.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42677080.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42677080.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42677080.md)
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# ASML First Take: A solid print, with revenue and G…


### Related Stocks

- [ASML.US](https://longbridge.com/en/quote/ASML.US.md)
- [TSM.US](https://longbridge.com/en/quote/TSM.US.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)

## Comments (6)

- **felayman · 2026-07-15T13:16:19.000Z**: Good news is for selling, bad news is for dumping.
- **脆皮大学牲 · 2026-07-15T08:55:03.000Z**: TSMC hopes to give some surprises tomorrow.
  - **Dolphin Research** (2026-07-15T10:53:42.000Z): TSMC is generally quite stable.
  - **脆皮大学牲** (2026-07-15T10:57:03.000Z): It's been falling so much along with storage without any rebound, really speechless
- **石来运转 · 2026-07-15T07:33:51.000Z**: Sweetheart, ASML is awesome
  - **Dolphin Research** (2026-07-15T08:35:47.000Z): Got the earnings season off to a good start 👍