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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Krish Sankar | TD Cowen | 7 (14%) |
| CJ Muse | Cantor Fitzgerald | 7 (43%) |
| Joe Quatrochi | Wells Fargo | 7 (0%) |
| Tammy Qiu | Berenberg | 7 (29%) |
| Didier Scemama | Bank of America | 7 (29%) |
| Francois-Xavier Bouvignies | UBS | 7 (14%) |
| Chris Caso | Wolfe Research | 7 (0%) |
| Mehdi Hosseini | Susquehanna | 5 (0%) |
| Andrew Gardiner | Citigroup | 4 (50%) |
| Timm Schulze-Melander | Redburn Atlantic | 4 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 | 7 (29%) |
| Berenberg | 1 | 7 (29%) |
| Cantor Fitzgerald | 1 | 7 (43%) |
| TD Cowen | 1 |
| 7 (14%) |
| UBS | 1 | 7 (14%) |
| Wells Fargo | 1 | 7 (0%) |
| Wolfe Research | 1 | 7 (0%) |
| Susquehanna | 1 | 5 (0%) |
| 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 Q1 | $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).
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 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ASML ASML Holding | 9 | +13.3% | |
| ADI Analog Devices | 9 | +30.4% | |
| ALAB Astera Labs, Inc. Common Stock | 9 | +93.4% | |
| AMAT Applied Materials | 5 | -2.1% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ARM Arm Holdings | 7 | +20.1% | |
| AVGO Broadcom Inc. | 9 | +29.5% | |
| INTC Intel Corporation | 6 | +7.2% | |
| KLAC KLA Corporation | 7 | +11.5% | |
| LRCX Lam Research | 9 | +23.8% | |
| MCHP Microchip Technology | 9 | +35.1% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +22.1% | |
| MU Micron Technology, Inc. | 9 | +196.3% | |
| NVDA NVIDIA Corporation | 10 | +73.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TER Teradyne | 9 | +87.0% | |
| TXN Texas Instruments | 9 | +18.6% |