ASML raises 2026 revenue forecast on record Q1 results driven by surging AI chip demand

ASML reported stronger-than-expected first-quarter earnings and upgraded its 2026 revenue outlook

The chipmaking equipment supplier benefits from increased demand for advanced AI chips

ASML is the sole manufacturer of EUV lithography tools, each costing up to $300 million, essential for creating advanced chip circuitry

AI-driven demand for new chip orders is fueling growth for the world's largest chipmaking equipment supplier