ASML says South Korea surpassed China as its largest market in Q1 2026, with shipments hitting 45% of net system sales, or €2.84B, up from 22% in Q4 2025
- China cools off to 19% of systems revenue from 36% in 4Q25 - Current CY26 guidance can accommodate export controls outcomes - Customer capex is increasing; both Memory and Logic customers are trying to accelerate capacity ramps in '26 and beyond [image]
- Korea (+69% q/q) and Taiwan (+47%) accelerate - US -42% q/q; 4 q/q declines in 5 quarters - For 2027, ASML is ramping non-EUV production to be in line with customer demand - Logic down -41% q/q while memory up 38% [image]