Key Takeaways:
- Q2 net sales hit €9.33B, beating consensus of €8.80B
- Net income reached €2.92B, above the €2.62B estimate
- Full-year 2026 outlook raised to €43B-€45B in total net sales
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ASML raises 2026 outlook to €45B as AI chip demand drives Q2 beat
ASML reported Q2 revenue of €9.33 billion, beating consensus by €530 million as AI chip demand offset uncertainty around sales to China.
"The strong demand from AI applications continues to drive investment in leading-edge lithography," Chief Executive Officer Christophe Fouquet said.
Net income rose to €2.92 billion for the three months ended June 30, topping the €2.62 billion average analyst estimate compiled by LSEG. The Veldhoven-based company now expects full-year 2026 total net sales between €43 billion and €45 billion, with gross margin of 54 percent to 56 percent.
Shares rose on the results. The raised guidance signals chipmakers are accelerating capacity expansion for AI processors, a bullish signal for the semiconductor supply chain.
Earnings Breakdown
ASML holds a monopoly on extreme ultraviolet lithography machines essential for producing the most advanced chips. Its customers — Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., SK Hynix Inc. and Micron Technology Inc. — are all ramping capacity to meet AI-related demand. In a separate announcement, Fouquet said Intel Corp. will use ASML's new High-NA tool to manufacture its upcoming "Panther Lake" chips, marking a milestone for the next-generation technology.
The company's Q2 net sales of €9.33 billion compare with €7.82 billion in the same period a year earlier, reflecting year-over-year growth of about 19 percent. The beat against consensus was driven by higher-than-expected shipments of EUV and deep ultraviolet systems to customers expanding logic and memory production for AI workloads.
What It Means for Investors
The guidance raise suggests management expects AI-driven demand to sustain through the second half of 2026 and into 2027. Investors will watch the company's Q3 earnings call for updates on High-NA adoption and any changes to the China sales outlook amid ongoing export restrictions.
This article is for informational purposes only and does not constitute investment advice.
[1] ASML reports €9.3 billion total net sales and €2.9 billion net income in Q2 2026[2] ASML Raises Full-Year Outlook as AI Boosts Demand at Chipmakers[3] ASML's Strong Q2 Performance Surpasses Expectations[4] ASML stock rises ahead of earnings with eyes on potential sales boost[5] ASML's AI Chip Demand Drives Revenues Beyond Expectations
