ASML reported second-quarter 2026 net sales of €9.326 billion, up from €8.767 billion in the previous quarter, while net income reached €2.918 billion. Gross margin improved to 54.0%, exceeding the company’s guidance, primarily due to stronger-than-expected Installed Base Management revenue. During the quarter, ASML shipped 86 new lithography systems and 5 used systems, while service and upgrade revenue increased to €2.762 billion.
The company also raised its full-year outlook, citing continued AI-driven investments across advanced logic and memory semiconductor manufacturing. ASML now expects 2026 revenue between €43 billion and €45 billion, up from its previous forecast, with gross margins between 54% and 56%. For the third quarter, ASML forecasts revenue of €11.0 billion to €12.0 billion and gross margin between 55% and 57%. Customer commitments remained strong during the first half of the year as chipmakers continued expanding manufacturing capacity for AI workloads.
To support future demand, ASML plans to increase production capacity for both EUV and DUV lithography systems. The company intends to expand annual Low NA EUV capacity by approximately 30% beyond its planned 2026 output of about 65 systems for 2027, while evaluating another 30% increase for 2028. It also plans a similar 30% expansion in DUV immersion system capacity beyond approximately 130 systems in 2026. During the quarter, ASML repurchased approximately €1.1 billion of shares under its current buyback program and declared an interim dividend of €1.88 per share payable on August 5, 2026.
• Q2 2026 revenue: €9.326 billion
• Net income: €2.918 billion
• Gross margin: 54.0%
• Installed Base Management revenue: €2.762 billion
• New lithography systems shipped: 86
• Q3 revenue guidance: €11.0 billion–€12.0 billion
• 2026 revenue outlook raised to €43 billion–€45 billion
• Planned 2027 Low NA EUV production capacity increase: 30%
• Planned 2027 DUV immersion production capacity increase: 30%
• Share repurchases during Q2: €1.1 billion
• Interim dividend: €1.88 per share
“Our second-quarter total net sales were €9.3 billion and gross margin came in at 54.0%, both above guidance. Ongoing AI-related investments and continued progress in AI technologies are driving demand for advanced Logic and Memory chips, further strengthening the semiconductor industry’s growth outlook,” said Christophe Fouquet, President and CEO of ASML.
🌐 Analysis
ASML’s results reinforce one of the dominant themes across the semiconductor industry: AI infrastructure spending continues to drive investment throughout the manufacturing supply chain, extending beyond GPUs into the capital equipment required to produce leading-edge silicon. The company’s decision to accelerate planned EUV and DUV capacity expansions suggests customers are making longer-term commitments rather than delaying purchases amid macroeconomic uncertainty.
The outlook also aligns with recent capital spending plans announced by major foundries and integrated device manufacturers, including Intel, TSMC, Samsung, and memory suppliers that are expanding advanced-node production for AI processors and high-bandwidth memory. For networking and AI infrastructure vendors, ASML’s order momentum provides another indicator that semiconductor manufacturing investment remains on an upward trajectory.
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