ASML Q1 Revenue Surprise at €8.8B; Stock Slides 6% on China Exposure

ASML reported Q1 revenue of €8.8 billion (consensus €8.5 billion) and net income of €2.8 billion (consensus €2.5 billion), beating expectations. The company raised its 2026 revenue guidance to €36-40 billion. However, stronger U.S. export controls on China reduced the company's China revenue exposure, sending shares down 6% at close.