ASML (ASML NA) - Q2 2026 (EUR): EPS 7.59 (exp. 6.97bln), Revenue 9.33bln (exp. 8.80bln, guided 8.4-9.0bln, prev. 7.69bln Y/Y), Gross Profit Margin 54% (exp. 52%, guided 51-52%, prev. 53.7% Y/Y), Net Income 2.92bln (exp. 2.62bln)

Other metrics:

  • Net Profit 2.92bln (exp. 2.63bln).

Guidance (EUR):

  • Raises FY revenue outlook to between 43-45bln (exp. 39.4bln, prev. guided 36-40bln)
  • Raises FY gross margin to between 54-56% (prev. guided 51-53%).
  • Q3 Revenue between 11-12bln (exp. 10.4bln).

CEO:

  • AI -related investments and continued progress in AI technologies are driving demand.
  • Customers continue to accelerate their capacity expansion plans.
  • Order intake remained extremely strong in H1.
  • Planning to add 30% to our 2026 NA EUV capacity of around 65 for 2027 and investigating to increase capacity by another 30% in 2028.
  • Planning to add 30% to our 2026 DUB Immersion Capacity of around 130 for 2027 and investigating to increase capacity with another 30% in 2028.
  • The end market demand has motivated customers to increase capex but also accelerate all their plans.
  • We expect to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks. 

Announcements:

  • Enters high-volume production of Intel 18A logic products using High NA EUV.
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