壹评级：阿斯麦二季度指引偏弱，不改半导体设备板块长期景气

第一财经04-16

4月15日，ASML（阿斯麦）发布2026年第一季度财报，公司当季实现营业收入87.7亿欧元，净利润27.6亿欧元，毛利率达53.0%，核心指标均超市场预期。然而，公司给出的第二季度业绩指引略显保守，引发部分投资者对短期增长动能的担忧。　　“壹评级”指出，该指引保守主要源于产能爬坡阶段产品的交付节奏与公司一贯谨慎的财务风格，并非市场需求走弱。公司管理层已明确，AI基础设施投资推动半导体需求持续...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2627257824?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-04-16 09:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2627257824","market":"hk","top_or_hot":-1,"title":"壹评级：阿斯麦二季度指引偏弱，不改半导体设备板块长期景气","media":"第一财经","content":"<div>\n<p>4月15日，ASML（阿斯麦）发布2026年第一季度财报，公司当季实现营业收入87.7亿欧元，净利润27.6亿欧元，毛利率达53.0%，核心指标均超市场预期。然而，公司给出的第二季度业绩指引略显保守，引发部分投资者对短期增长动能的担忧。 　　“壹评级”指出，该指引保守主要源于产能爬坡阶段产品的交付节奏与公司一贯谨慎的财务风格，并非市场需求走弱。公司管理层已明确，AI基础设施投资推动半导体需求持续...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202604163707047933.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>壹评级：阿斯麦二季度指引偏弱，不改半导体设备板块长期景气</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n壹评级：阿斯麦二季度指引偏弱，不改半导体设备板块长期景气\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-16 09:41 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202604163707047933.html><strong>第一财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>4月15日，ASML（阿斯麦）发布2026年第一季度财报，公司当季实现营业收入87.7亿欧元，净利润27.6亿欧元，毛利率达53.0%，核心指标均超市场预期。然而，公司给出的第二季度业绩指引略显保守，引发部分投资者对短期增长动能的担忧。 　　“壹评级”指出，该指引保守主要源于产能爬坡阶段产品的交付节奏与公司一贯谨慎的财务风格，并非市场需求走弱。公司管理层已明确，AI基础设施投资推动半导体需求持续...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202604163707047933.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823434740.USD","symbol_name":"BNP PARIBAS US GROWTH \"C\" (USD) INC","start_time":0,"source_url":"http://finance.eastmoney.com/a/202604163707047933.html","article_id":"2627257824","we_media_id":null,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202604163707047933.html","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2627257824","pubTimestamp":1776303684,"columns":[],"sourceInfo":{"source_id":"stock_eastmoney","name":"东方财富"},"weMediaInfo":null,"summary":"4月15日，ASML（阿斯麦）发布2026年第一季度财报，公司当季实现营业收入87.7亿欧元，净利润27.6亿欧元，毛利率达53.0%，核心指标均超市场预期。然而，公司给出的第二季度业绩指引略显保守，引发部分投资者对短期增长动能的担忧。“壹评级”指出，该指引保守主要源于产能爬坡阶段产品的交付节奏与公司一贯谨慎的财务风格，并非市场需求走弱。","collect":0,"end_time":0,"defaultTopTitle":"eastmoney.com","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","ASMG":"2倍做多ASML ETF- Leverage Shares","ASML":"阿斯麦","ASMH":"ASML Holding NV ADRhedged","BK4535":"淡马锡持仓","ASMU":"Direxion Daily ASML Bull 2X ETF","BK4588":"碎股","BK4147":"半导体设备","03165":"华夏欧优股对冲","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4543":"AI","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","BK4585":"ETF&股票定投概念","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金"},"translate_title":"One Rating: ASMA's second-quarter guidance is weak, which does not change the long-term prosperity of semiconductor equipment sector","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASMG":0.6,"ASMU":0.6,"03165":0.6,"ASML":1.96,"ASMH":0.6},"content_text":"4月15日，ASML（阿斯麦）发布2026年第一季度财报，公司当季实现营业收入87.7亿欧元，净利润27.6亿欧元，毛利率达53.0%，核心指标均超市场预期。然而，公司给出的第二季度业绩指引略显保守，引发部分投资者对短期增长动能的担忧。 　　“壹评级”指出，该指引保守主要源于产能爬坡阶段产品的交付节奏与公司一贯谨慎的财务风格，并非市场需求走弱。公司管理层已明确，AI基础设施投资推动半导体需求持续强劲，整体仍处于供不应求状态，并且公司上调2026年全年营收指引至360亿—400亿欧元，进一步印证了订单充足与中长期增长确定性。 　　因此“壹评级”认为，本次ASML第二季度指引偏弱并非行业基本面转弱的信号，而是交付节奏的正常调整。ASML的积极展望与订单的强劲迹象，印证了当前半导体设备行业景气度无虞，建议积极关注半导体设备板块，如拓荆科技、北方华创等。 （文章来源：第一财经）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2627257824","isCrawlerRequest":true}