ASML shares rise after Q2 earnings beat estimates, company raises 2026 outlook

The institution posted second-quarter gross of €9.33 cardinal (US$10.66 billion), supra expert estimates of €8.8 billion. Net income came successful astatine €2.92 cardinal (US$3.33 billion), portion net per stock were €7.59 (US$8.67), some exceeding statement forecasts.

ASML reported a gross borderline of 54% for the quarter, supra its guidance, which it attributed chiefly to higher-than-expected Installed Base Management sales.

For the 3rd quarter, the institution forecast gross of betwixt €11 cardinal and €12 billion, up of the expert statement of astir €10.37 billion. It besides projected a gross borderline of betwixt 55% and 57%.

ASML raised its full-year 2026 gross outlook to betwixt €43 cardinal and €45 billion, up from its erstwhile guidance of €36 cardinal to €40 cardinal and supra the Wall Street statement of €39.4 billion. The institution expects a full-year gross borderline of betwixt 54% and 56%.

ASML CEO Christophe Fouquet highlighted continued request driven by artificial intelligence, noting that investments successful AI and advances successful AI technologies are supporting request for precocious logic and representation chips and providing greater visibility into longer-term lawsuit demand.

"Our customers, successful turn, proceed to accelerate their capableness enlargement plans. This is translating into lawsuit commitments crossed our merchandise portfolio, providing ASML with accrued visibility into longer-term demand," Fouquet said.

ASML besides announced plans to summation its low-NA EUV and DUV immersion accumulation capableness by astir 30% successful 2027 portion evaluating further capableness expansions for 2028.

Wedbush wrote that the raised 2026 outlook and planned 2027 capableness enlargement are accordant with the firm's presumption of beardown request for leading-edge logic and DRAM chips supporting AI infrastructure.

The analysts noted that the timing of the planned accumulation increases aligns with their anticipation for higher semiconductor spending successful 2027 to construe into accrued output successful precocious 2027 and aboriginal 2028, peculiarly for memory, portion adding that uncertainty remains implicit erstwhile proviso volition afloat drawback up with demand.