阿斯麦上调2026年销售指引：AI芯片需求强劲推动业绩超预期ASML Raises 2026 Sales Forecast as AI Demand Drives Record Growth

阿斯麦在2026年第一季度的表现显著优于此前的官方指引。公司不仅在营收上取得了突破，利润率也因高效的生产和高价值设备的交付而得到提升。此前设定的82亿至89亿欧元的销售目标被证明是保守的，实际业绩的超预期主要归功于先进制程客户的提前下单。这种强劲的开局为公司全年乃至2026年的增长奠定了坚实基础。

ASML's performance in the first quarter of 2026 significantly outperformed its previous official guidance. The company not only achieved a revenue breakthrough but also saw improved profit margins due to efficient production and the delivery of high-value equipment. The previously set sales target of 8.2 billion to 8.9 billion euros proved conservative, with the actual beat primarily attributed to early orders from advanced-node customers. This strong start provides a solid foundation for the company's growth throughout the year and into 2026.

全球范围内对人工智能的巨额投资是阿斯麦上调指引的核心动力。随着生成式AI和大型语言模型的普及，芯片制造商正面临前所未有的压力，需要生产更小、更强大且更节能的半导体。这直接导致了对阿斯麦最先进光刻机（包括EUV和High-NA EUV设备）的需求激增。彭博社指出，全球AI支出的激增正在为阿斯麦的先进机器创造一个长期且稳定的增长环境。

Massive global investment in artificial intelligence is the core driver behind ASML's guidance upgrade. With the proliferation of generative AI and large language models, chipmakers are under unprecedented pressure to produce smaller, more powerful, and more energy-efficient semiconductors. This has directly led to a surge in demand for ASML's most advanced lithography machines, including EUV and High-NA EUV systems. Bloomberg notes that the spike in global AI spending is creating a long-term, stable growth environment for ASML's advanced machinery.

通过上调2026年的销售指引，阿斯麦向市场传递了一个明确信号：半导体行业的景气周期在AI的推动下正在延长。尽管全球经济面临不确定性，但半导体制造设备的资本支出依然稳健。阿斯麦的乐观预期可能会带动整个半导体供应链的信心，包括其上游零部件供应商和下游的晶圆代工厂。市场现在正密切关注该公司在先进制程技术上的进一步突破，以及其如何应对持续增长的订单积压。

By raising its 2026 sales guidance, ASML is sending a clear signal to the market: the semiconductor industry's upcycle is being extended by AI. Despite global economic uncertainties, capital expenditure on semiconductor manufacturing equipment remains robust. ASML's optimistic outlook is likely to bolster confidence across the entire semiconductor supply chain, including its upstream component suppliers and downstream wafer foundries. The market is now closely watching for further breakthroughs in advanced process technology and how the company manages its growing order backlog.