ASML Holding N.V. (ASML) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04265-8c76-7b80-81e8-f6cb9de9dba2 Created: 2026-08-27T08:45:47.375Z Duration: 600.111 Channels: 1 00:00:00.160 -- 00:00:02.720 Hello and welcome to ASML's 00:00:02.720 -- 00:00:05.200 Q1 twenty twenty six results video. 00:00:05.520 -- 00:00:07.680 Welcome Christophe and Roger. 00:00:07.839 -- 00:00:09.519 Roger, if I could start with you and 00:00:09.519 -- 00:00:11.120 ask you to give us a summary of 00:00:11.120 -- 00:00:14.000 our Q1 twenty twenty six results. For the 00:00:14.000 -- 00:00:16.925 quarter, total net sales came in at CHF8.8 00:00:16.925 -- 00:00:19.325 billion. That was within guidance. 00:00:19.325 -- 00:00:22.605 Included in the CHF8.8 billion was CHF2.5 billion 00:00:22.605 -- 00:00:24.525 for installed base revenue. 00:00:24.605 -- 00:00:26.525 That was a little bit above the guidance. 00:00:26.925 -- 00:00:28.365 If you look at the gross margin for 00:00:28.365 -- 00:00:29.165 Q1, 00:00:29.165 -- 00:00:30.525 53%. 00:00:30.960 -- 00:00:32.479 That was at the high end of the 00:00:32.479 -- 00:00:34.399 gross margin that we guided. 00:00:34.800 -- 00:00:36.399 If you look at the installed base business, 00:00:36.399 -- 00:00:38.160 as I just mentioned, the installed base business 00:00:38.160 -- 00:00:40.000 was higher than we anticipated. 00:00:40.239 -- 00:00:41.680 But also, if you look at the components 00:00:41.680 -- 00:00:43.760 in the installed base business, there were components 00:00:43.760 -- 00:00:46.355 in there that actually commanded quite some strong 00:00:46.355 -- 00:00:48.275 gross margins. As a result of that, pretty 00:00:48.275 -- 00:00:50.595 high gross margins, 53%. 00:00:50.835 -- 00:00:53.395 Net income for the quarter, CHF2.8 billion. 00:00:56.675 -- 00:00...