[Click eStock] Growing Demand for EUV Drives Up Performance Guidance for This Stock

by Park SeungUk

Published 29 Apr.2026 06:00(KST)

ASML, the Dutch semiconductor process equipment manufacturer, has raised its key equipment sales targets, leading to an increase in its annual performance guidance.

[Click eStock] Growing Demand for EUV Drives Up Performance Guidance for This Stock

On April 29, Park Yuwak, an analyst at Kiwoom Securities, stated, “ASML’s annual performance guidance for this year has been revised upward. The revenue target has increased from 34 billion-39 billion euros to 36 billion-40 billion euros.”

The upward revision of the annual performance guidance contrasts with the company’s second-quarter guidance for this year. The second-quarter guidance projects revenue of 8.4 billion-9.0 billion euros, which is below the market consensus of 9.1 billion euros.

The increase in the annual guidance is attributed to growing equipment demand. Park explained, “The main reason is the rising demand for immersion equipment, most of which is coming from outside China.”

In particular, the increase in sales of extreme ultraviolet (EUV) equipment is notable. EUV sales are expected to rise from 48 units last year to 60 units this year, and at least 80 units next year. Park commented, “During this conference call, ASML announced its plan to expand annual EUV equipment production capacity to around 90 units, essentially declaring an intent to sell equipment beyond market expectations.”

ASML’s first-quarter revenue this year reached 8.8 billion euros, in line with the market consensus of 8.7 billion euros. Notably, the revenue share from EUV equipment has increased from 38% in the third quarter of last year to 48% in the fourth quarter, and to 66% in the first quarter of this year, contributing to performance growth.