ASML Raises 2026 Guidance as AI Demand Surges: Why Is ASML Stock Facing a Valuation Reality Check?

ASML Holding NV (AMS: ASML) delivered a powerful start to 2026, reporting first-quarter net sales of €8.8 billion and net income of €2.8 billion. Despite topping internal estimates and raising its full-year revenue outlook to a midpoint of €38 billion, the stock experienced choppy trading as investors grappled with "priced-for-perfection" valuations and high expectations for its next-generation machine rollouts.