ASML Q2 Sales Hit €9.3B, Raises 2026 Revenue Target to €43–45B on AI-Driven Demand
ASML has more than doubled off its 52-week low of $683.48.
Summary
ASML reported Q2 2026 net sales of €9.3 billion, beating guidance, and raised its full-year revenue forecast to €43–45 billion as AI-driven chip demand fuels customer capacity expansions. The company also announced plans to boost EUV and DUV immersion capacity by 30% in 2027.
Key Events · Earnings and Guidance · ASML
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Q2 Results Beat Guidance
Total net sales of €9.3 billion and a gross margin of 54.0% exceeded the company's own forecast, with net income reaching €2.9 billion. A key driver was Installed Base Management sales, which came in at €2.8 billion.
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Full-Year Outlook Raised
ASML now expects 2026 total net sales between €43 billion and €45 billion, up from prior implied guidance of ~€40–42 billion, with gross margin of 54–56%. For Q3, the company guided for €11–12 billion in sales.
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Capacity Expansion Plans
To meet AI-driven demand, ASML plans to add 30% to its 2026 EUV capacity (~65 units) and DUV immersion capacity (~130 units) in 2027, with further 30% increases under investigation for 2028.
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Shareholder Returns Continue
During Q2, ASML repurchased ~€1.1 billion in shares under its €12 billion 2026–2028 buyback program and declared an interim dividend of €1.88 per share, payable August 5, 2026.
Analysis · ASML · Technology
A strong beat-and-raise quarter underscores ASML's pivotal role in the AI infrastructure buildout. Q2 net sales of €9.3 billion and a gross margin of 54.0% both exceeded guidance, fueled by surging Installed Base Management sales. More importantly, the company lifted its full-year 2026 revenue outlook to €43–45 billion from a prior implied range of roughly €40–42 billion, signaling that AI-fueled demand for advanced logic and memory chips is accelerating customer capacity expansion plans. To meet this demand, ASML is planning a 30% capacity increase for both EUV and DUV immersion tools in 2027, with further expansions under investigation for 2028. The raised guidance and capacity commitments provide concrete evidence that the semiconductor equipment cycle has further room to run.
At the time of this filing, ASML was trading at $1,841.56 on NASDAQ in the Technology sector, with a market capitalization of approximately $678.6B. The 52-week trading range was $683.48 to $1,999.96. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.