Second-quarter results:
* Revenue reached €9.33 billion, above estimates of €8.80 billion.
* Net income was €2.92 billion, above estimates of €2.62 billion.
* Gross margin reached 54%, above the previous guidance range of 51% to 52%.
* Full-year revenue guidance increased to €43 billion to €45 billion, from €36 billion to €40 billion.
* Full-year gross-margin guidance increased to 54% to 56%, from 51% to 53%.
The guidance change is significant compared with April. After first-quarter revenue of €8.8 billion, ASML expected 2026 sales of €36 billion to €40 billion. The midpoint has now increased from €38 billion to €44 billion.
ASML also provided several capacity updates:
* Low-NA EUV production capacity is expected to increase by around 30% in 2027.
* The company may add another 30% in 2028.
* Nearly all expanded EUV capacity through the end of 2027 is already booked.
* Production capacity for older DUV systems will also increase.
ASML is the only producer of EUV lithography systems used to manufacture the most advanced logic and memory chips. Its customers include TSMC, Samsung, SK Hynix, Micron and Intel.
Intel has started using ASML’s newer High-NA EUV equipment for selected layers of its Panther Lake processors. These systems cost around $400 million each, roughly twice the cost of standard EUV machines.
China is expected to represent around 20% of ASML’s 2026 sales. The company cannot sell EUV systems or its most advanced DUV equipment there because of export restrictions, but it continues to supply permitted DUV systems to Chinese customers.
[Source](http://www.levelfields.ai/news/asml-rises-after-earnings-beat-and-strong-2026-outlook)
