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ASML Q1 Earnings Beat
Description
ASML beat Q1 estimates with net sales of €8.8B and net profit of €2.8B, driven by strong AI chip demand. The company raised its 2026 net sales forecast to €36B–€40B from €34B–€39B. Memory demand rose, accounting for 51% of tool sales. China's share of sales fell to 19% due to export restrictions, while South Korea and Taiwan drove most demand.
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