BUSINESS

ASML’s China Sales Slump as Export Curbs Bite

Published: Apr. 16, 2026 6:31 p.m. GMT+8

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The Chinese mainland’s share of ASML’s total sales plummeted to 19% in the first quarter, down from 36% in the previous quarter. Photo: VCG

Dutch lithography giant ASML Holding NV reported a sharp drop in revenue share from the Chinese mainland in the first quarter, underscoring the growing impact of U.S. export controls, even as the company beat earnings expectations and raised its full-year outlook.

On Wednesday, ASML reported net sales of 8.8 billion euros ($10 billion) and net profit of 2.8 billion euros for the first quarter of 2026, beating LSEG estimates of 8.5 billion euros and 2.5 billion euros, respectively.

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ASML Q1 2026: €8.8B sales, €2.8B profit, beating estimates of €8.5B/€2.5B; raised FY outlook to €36-40B.
China revenue share dropped to 19% from 36%; South Korea rose to 45% from 22%, Taiwan to 23% from 13%.
US export controls curb China demand, expected at ~20% for 2026; AI boosts global chip equipment needs.

AI generated, for reference only

Who’s Who

ASML Holding NV: ASML Holding NV reported Q1 2026 net sales of €8.8B and profit of €2.8B, beating estimates. China revenue share fell to 19% from 36% due to US export controls; South Korea rose to 45%. Raised FY outlook to €36-40B, driven by AI demand. Expects China share to normalize at 20%. (58 words)

LSEG: ASML beat LSEG estimates for Q1 2026, reporting net sales of 8.8 billion euros ($10 billion) and net profit of 2.8 billion euros, exceeding LSEG's 8.5 billion and 2.5 billion euros forecasts.

Taiwan Semiconductor Manufacturing Co. Ltd.: Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) saw its share of ASML's Q1 2026 sales rise to 23% from 13%, becoming a key growth market. TSMC reported a 35% jump in first-quarter revenue, driven by AI infrastructure demand and capacity expansion.

AI generated, for reference only