PepsiCo $PEP posted first-quarter revenue of $19.44 billion, above the $18.94 billion LSEG estimate cited by CNBC, and adjusted EPS of $1.61 versus $1.55 expected. Net revenue rose 8.5% as North American foods returned to volume growth after price cuts.
TSMC $TSM reported NT$572.48 billion in first-quarter net income, up 58.3% year over year and above the NT$543.32 billion LSEG SmartEstimate cited by CNBC. The foundry guided second-quarter revenue to $39.0 billion-$40.2 billion as AI demand kept advanced capacity tight.
ASML $ASML gained 1.1% after first-quarter net sales of €8.8 billion and net profit of €2.8 billion beat LSEG expectations of €8.5 billion and €2.5 billion. The company lifted its 2026 sales outlook to €36 billion-€40 billion as AI-related chip demand continued to tighten capacity.