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Chip giant ASML raises 2026 guidance as AI semiconductor demand stays strong

ASML raised its sales forecast for 2026 after it beat first-quarter revenue and profit expectations, driven by continued demand for chips related to AI. Here's how ASML did versus LSEG consensus estimates for the first quarter: Net sales: 8.8 billion euros ($10.4 billion) versus 8.5 billion euros expected Net profit: 2.8 billion euros versus 2.5 billion euros expectedThe company previously forecast that its first-quarter sales would be between 8.2 billion euros and 8.9 billion euros. The Dutch f...

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