Key facts
- ASML reported Q2 revenue of 9.33 billion euros, surpassing analyst expectations.
- The company raised its full-year net sales forecast to 43-45 billion euros.
- ASML's full-year gross margin forecast was raised to 54%-56%.
- Strong demand for AI systems and advanced chips drove ASML's performance.
- ASML is close to fully booking its 2027 EUV capacity and has secured substantial 2028 EUV orders.
ASML, a leading maker of semiconductor production equipment, reported second-quarter revenue of 9.33 billion euros, exceeding analyst expectations. The company also raised its full-year net sales forecast to between 43 billion and 45 billion euros, with a gross margin forecast of 54%-56%. This optimistic outlook is driven by strong demand for AI chip manufacturing tools.
CEO Christophe Fouquet described customer demand as 'extremely strong.' Chief Financial Officer Roger Dassen stated that ASML's capacity expansion plans for 2027 and 2028 take into account demand from Elon Musk's planned Terafab chip production facility in Texas. Dassen noted that the number of high-numerical aperture extreme ultraviolet lithography (EUV) systems shipped globally is in the low-single digits. He also indicated that if China cannot expand chipmaking capacity, production will shift elsewhere due to unchanged global demand.
ASML is reportedly close to fully booking its 2027 EUV capacity and has already secured a substantial number of 2028 EUV orders. The company also raised its 2026 financial forecasts and will expand capacity after AI demand drove better-than-expected second-quarter earnings. ASML expects China to represent around 20% of its sales in 2026.