Overview
- ASML, which reported results Wednesday, raised its 2026 revenue target to €36–40 billion after Q1 sales of €8.8 billion, a roughly 53% gross margin, and 67 lithography systems delivered.
- The company stopped publishing new order bookings and is shifting disclosures toward its technology roadmap and realized sales, a move meant to reduce volatility tied to quarterly intake swings.
- ASML said possible U.S.-driven Dutch export tightening could cut future China sales, with China’s share seen near 20% this year and estimates pointing to about half of that at risk if rules extend to older tools and service work.
- TSMC on Thursday posted record Q1 profit up about 58% year over year and outlined a large 2026 capital-spending increase to add capacity for advanced chips used in artificial intelligence.
- ASML holds a de facto monopoly in extreme ultraviolet lithography, the light-based process that etches the smallest chip features, and it is developing High-NA EUV to raise wafer throughput toward the end of the decade.