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ASML Holding N.V.
Q12026
4/15/2026
Moderator
Director of Investor Relations
Hello and welcome to ASML's Q1 2026 results video. Welcome Christoph and Roger. Roger, if I could start with you and ask you to give us a summary of our Q1 2026 results.
Roger Dassen
Chief Financial Officer
For the quarter, total net sales came in at $8.8 billion. That was within guidance. Included in the $8.8 billion was $2.5 billion for installed base revenue. That was a little bit above the guidance. If you look at the gross margin for Q1, 53%. That was at the high end of the gross margin that we guided. If you look at the installed base business, as I just mentioned, the installed base business was higher than we anticipated. But also, if you look at the components in the installed base business, there were components in there that actually commanded quite some strong gross margins. As a result of that, pretty high gross margin, 53%. Now, the income for the quarter, $2.8 billion. Can you also provide us with a guide for Q2? 26 results, please. For Q2, we expect 8.4 to 9 billion of total net sales included in there. Again, 2.5 billion of install-based business. We expect the gross margin to be between 51% and 52%.
Moderator
Director of Investor Relations
Christophe, I can switch to you and can I ask you to give us an outlook on the market and how you're seeing things at the moment?
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