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Calendar quarter Q1 2026Earnings call Apr 15, 2026
FY2026 Q1 in brief
ASML delivered Q1 2026 revenue of EUR 8.8 billion, up 13.3% year-over-year, with Q1 installed base revenue above guidance and gross margin at the high end of the range.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for ASML Holding (ASML), FY2026 Q1: 9/10. Scores: ASML Holding’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: ASML daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
No 8-K events recorded for this window.
GAAP revenue YoY +13.3% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
ASML delivered Q1 2026 revenue of EUR 8.8 billion, up 13.3% year-over-year, with Q1 installed base revenue above guidance and gross margin at the high end of the range. Management raised FY2026 revenue guidance from EUR 34-39 billion (midpoint EUR 36.5 billion) to EUR 36-40 billion (midpoint EUR 38 billion), a 4.1% upgrade. Customers were sold out of memory capacity for 2026, non-EUV demand reversed from flat to growth, and Low NA EUV extendibility was confirmed through 2031. Capacity ramp targets included 60 Low NA EUV units in 2026 and approximately 80 in 2027.
Demand | Guidance Reliability | Product Launch | Regulation Policy | Revenue Growth | Innovation & R&D | Margin | Trade Tariffs | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 13 | 10 | 4 | 3 | 4 | 3 | 1 | |
| 2025Q1 | 15 | 2 | 7 | 6 | 3 | 3 | 5 | 5 |
| 2025Q2 | 12 | 4 | 2 | 4 | 5 | 4 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | |
|---|---|---|---|
| Demand | 13 | 15 | 12 |
| Guidance Reliability | 10 | 2 | 4 |
| Product Launch | 4 | 7 | 2 |
| Regulation Policy | 3 | 6 | 4 |
| Revenue Growth | 4 | 3 | 5 |
| Innovation & R&D | 3 | 3 | 4 |
| Margin | 1 | 5 | 3 |
| Trade Tariffs | 5 | 2 |
Reported Wednesday, Oct 14. Earnings call pending.
A pre-earnings brief is ready for ASML: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $9.26B | +28.0% | $7.05 | +38.8% | 51.7% | 36.2% | 29.1% | $9.29B |
| FY2025 Q1 | $7.74B | +46.3% | $5.83 | +85.7% | 54.0% | 35.4% | 30.4% | $-461M |
| FY2025 Q2 | $7.69B | +23.2% | $5.90 | +46.8% | 53.7% | 34.6% | 29.8% | $358M |
| FY2025 Q3 | $7.52B | +0.7% | $5.48 | +5.6% | 51.6% | 32.8% | 28.3% | $244M |
| FY2025 Q4 | $9.72B | +4.9% | $7.34 | +4.1% | 52.2% | 35.3% | 29.2% | $10.57B |
| FY2026 Q1Selected | $8.77B | +13.2% | $7.15 | +22.6% | 53.0% | 36.0% | 31.4% | $-2.61B |
| FY2026 Q2 | $9.33B | +21.3% | $7.58 | +28.5% | 54.0% | 37.1% | 31.3% | $1.44B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Krish Sankar | TD Cowen | 7 questions · 14% challenging |
| CJ Muse | Cantor Fitzgerald | 7 questions · 43% challenging |
| Joe Quatrochi | Wells Fargo | 7 questions · 0% challenging |
| Tammy Qiu | Berenberg | 7 questions · 29% challenging |
| Didier Scemama | Bank of America | 7 questions · 29% challenging |
| Francois-Xavier Bouvignies | UBS | 7 questions · 14% challenging |
| Chris Caso | Wolfe Research | 7 questions · 0% challenging |
| Mehdi Hosseini | Susquehanna | 5 questions · 0% challenging |
| Andrew Gardiner | Citigroup | 4 questions · 50% challenging |
| Timm Schulze-Melander | Redburn Atlantic | 4 questions · 25% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 analyst | 7 questions · 29% challenging |
| Berenberg | 1 analyst | 7 questions · 29% challenging |
| Cantor Fitzgerald | 1 analyst | 7 questions · 43% challenging |
| TD Cowen | 1 analyst | 7 questions · 14% challenging |
| UBS | 1 analyst | 7 questions · 14% challenging |
| Wells Fargo | 1 analyst | 7 questions · 0% challenging |
| Wolfe Research | 1 analyst | 7 questions · 0% challenging |
| Susquehanna | 1 analyst | 5 questions · 0% challenging |
What ASML and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Yesterday, ASML reported very, very strong results.”
An analyst cites ASML's very strong results and tight EUV tool supply, a positive signal for ASML as leading-edge capacity expansion accelerates.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ASML ASML Holding | 9 | +13.3% | |
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