{"id":3023,"date":"2026-04-15T20:54:25","date_gmt":"2026-04-15T20:54:25","guid":{"rendered":"https:\/\/www.europesays.com\/netherlands\/3023\/"},"modified":"2026-04-15T20:54:25","modified_gmt":"2026-04-15T20:54:25","slug":"asml-presents-investors-with-a-mixed-bag-despite-upgrade-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/netherlands\/3023\/","title":{"rendered":"ASML presents investors with a mixed bag despite upgrade"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/netherlands\/wp-content\/uploads\/2026\/04\/e2dbb28805ce60facb961d7838ee13c3.jpeg\" alt=\"ASML presents investors with a mixed bag despite upgrade\" loading=\"eager\" height=\"677\" width=\"960\" class=\"yf-lglytj  loaded\"\/> ASML presents investors with a mixed bag despite upgrade Proactive uses images sourced from Shutterstock      <\/p>\n<p class=\"yf-1fy9kyt\">UBS&#8217;s prediction of a muted share price reaction to <a href=\"https:\/\/finance.yahoo.com\/quote\/ASML\" data-ylk=\"slk:ASML Holding NV&#039;s (NASDAQ:ASML, XETRA:ASME);elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;ASML Holding NV&#039;&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">ASML Holding NV&#8217;s (NASDAQ:ASML, XETRA:ASME)<\/a> first-quarter results proved prescient, with the stock trading sideways after\u00a0the numbers fell broadly\u00a0in line with buy-side expectations.<\/p>\n<p class=\"yf-1fy9kyt\">That said, the Dutch semiconductor equipment maker&#8217;s upgraded full-year guidance should drive modest upward revisions to consensus forecasts, the Swiss bank noted.<\/p>\n<p class=\"yf-1fy9kyt\">ASML reported first-quarter net sales of \u20ac8.77 billion on Wednesday, 1% ahead of consensus, with first-quarter earnings before interest and tax coming in 4% above expectations at \u20ac3.16 billion, supported by a gross margin of 53% against the 52.2% the market had anticipated.<\/p>\n<p class=\"yf-1fy9kyt\">The standout line within the quarter was EUV system sales, which came in 30% above consensus at \u20ac4.1 billion and grew 29% year on year, underscoring the strength of demand for ASML&#8217;s most advanced lithography tools from chipmakers investing in artificial intelligence infrastructure.<\/p>\n<p class=\"yf-1fy9kyt\">China remained a source of complexity, with system sales falling 56% quarter on quarter and 23% year on year in the first quarter, representing 19% of product sales.<\/p>\n<p class=\"yf-1fy9kyt\">UBS noted this is consistent with import data and said ASML&#8217;s own assumption that China normalises to 20% of annual sales, implying a 20% year-on-year decline.<\/p>\n<p class=\"yf-1fy9kyt\">This remains highly conservative against the broker&#8217;s own forecast of a 1% decline and its projection of 10% growth in Chinese wafer fabrication equipment spending overall.<\/p>\n<p class=\"yf-1fy9kyt\">For the second quarter, ASML guided net sales of between \u20ac8.4 billion and \u20ac9.0 billion with gross margin of 51-52%, implying a 4% miss to current second-quarter consensus at the midpoint.<\/p>\n<p class=\"yf-1fy9kyt\">The full-year 2026 revenue guidance was raised to between \u20ac36 billion and \u20ac40 billion, from a prior range of \u20ac34 billion to \u20ac39 billion, driven primarily by a recovery in the non-EUV immersion business, which ASML now expects to match 2025 revenues after previously guiding flat.<\/p>\n<p class=\"yf-1fy9kyt\">UBS, which carries a &#8216;buy&#8217; rating and \u20ac1,500 price target on the stock, said the new guidance midpoint implies low single-digit percentage upgrades to full-year consensus earnings estimates.<\/p>\n<p class=\"yf-1fy9kyt\">In afternoon trading, stock in Europe&#8217;s largest company was up 0.7% at\u00a0\u20ac1,292.60.<\/p>\n","protected":false},"excerpt":{"rendered":"ASML presents investors with a mixed bag despite upgrade Proactive uses images sourced from Shutterstock UBS&#8217;s prediction of&hellip;\n","protected":false},"author":2,"featured_media":3024,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[65,2927,2883],"class_list":["post-3023","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asml","tag-asml","tag-consensus-forecasts","tag-system-sales"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/3023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/comments?post=3023"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/3023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media\/3024"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media?parent=3023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/categories?post=3023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/tags?post=3023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}