1 week ago
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Harsh Chauhan, The Motley Fool
Tue, April 21, 2026 astatine 9:35 AM CDT 6 min read
ASML (NASDAQ: ASML) is simply a captious subordinate successful the artificial quality (AI) ecosystem, arsenic it makes the machines that manufacture the precocious chips needed for AI exemplary grooming and inference. It could beryllium 1 of the champion pick-and-shovel plays successful the AI space. The company's results, therefore, supply utile penetration into the authorities of the AI economy, which encompasses investments successful AI infrastructure, specified arsenic information centers, arsenic good arsenic spending connected bundle and services that alteration productivity gains for extremity users.
Not surprisingly, investors eagerly awaited ASML's first-quarter results, and it didn't disappoint.
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Let's instrumentality a person look astatine the Dutch semiconductor bellwether's latest study and spot wherefore its beardown showing is large quality for 2 different pick-and-shovel companies that are benefiting from the AI supercycle.
ASML released its first-quarter 2026 results connected April 15. Its gross accrued by astir 14% twelvemonth implicit twelvemonth to 8.8 cardinal euros, adjacent to the higher extremity of its guidance range. More importantly, ASML absorption accrued its 2026 gross guidance, noting that the request for some precocious representation and logic chips remains robust.
ASML absorption believes that representation and spot "supply volition not conscionable the request for the foreseeable future." The institution sees proviso constraints successful the AI, smartphone, and idiosyncratic machine markets, which is wherefore it expects its customers to physique much capacity. As a result, ASML expects its customers to summation their superior expenditure budgets successful 2026 and beyond.
This explains wherefore ASML present anticipates its 2026 gross to onshore betwixt 36 cardinal and 40 cardinal euros. Earlier, it was expected that gross would onshore betwixt 34 cardinal and 39 cardinal euros this year. The institution has accrued its guidance by 4% astatine the midpoint. However, don't beryllium amazed if it increases its guidance arsenic the twelvemonth progresses.
I accidental this due to the fact that ASML is trying to nutrient much of its precocious utmost ultraviolet (EUV) lithography machines that assistance customers people precocious AI chips. It expects to vessel 25% much of its low-NA EUV chips this twelvemonth than successful 2025, followed by a 33% leap adjacent year. So determination is simply a beardown accidental of an acceleration successful ASML's net growth, which should pave the mode for much upside successful this semiconductor banal pursuing its 36% leap truthful acold successful 2026.
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