ASML Holding NV (NASDAQ:ASML) reported its first-quarter results ahead of expectations and raised its guidance for 2026.
While the company continues to generate strong growth in its EUV (Extreme Ultraviolet) segment, it now expects its non-EUV business to deliver growth in 2026, according to Goldman Sachs.
The ASML Holding Analyst: Analyst Alexander Duval maintained a Buy rating and price target of €1,450 ($1,709).
The ASML Holding Thesis: The company reported revenues and EBIT (earnings before interest and tax) above consensus, Duval said in the note.
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“Management noted that orders remained strong and semis demand continues to strengthen, driven primarily by AI infrastructure investment, driving robust demand across both advanced Logic/Memory,” the analyst wrote.
With customers being in a race to build AI hardware, he mentioned that capacity had maxed out for:
- Memory – Companies have already reserved almost all available memory production capacity …