Description

ASML: A Close Look At The Memory Boom—What Rising EUV Adoption Means For Capacity And Revenues!

ASML Holding N.V. reported net sales of EUR 8.8 billion in the first quarter of 2026, aligning with prior guidance. Net system sales amounted to EUR 6.3 billion, including over EUR 4.1 billion from extreme ultraviolet (EUV) system sales, reflecting contributions from two High Numerical Aperture (High NA) systems. The sales split between Logic and Memory segments was nearly balanced at 49% and 51%, respectively. Installed Base Management (service and upgrade revenue) reached EUR 2.5 billion, slightly exceeding expectations. The gross margin achieved was 53%, at the higher end of guidance, mainly driven by high-margin components from installed base sales. Operating expenses, including research and development (EUR 1.2 billion) and selling, general and administrative costs (EUR 0.3 billion), were within guided ranges, with a tax rate of 17.1%. The company reported net income of EUR 2.8 billion and earnings per share of EUR 7.15.