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ASML raises 2026 outlook amid AI chip demand

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2026-07-29 04:30 UTC → 2026-07-30 01:38 UTC · added ~~removed~~

ASML’s second‑quarter 2026 results continued to beat expectations, delivering €9.3 billion in revenue, €2.9 billion net profit and a 54 % gross margin. The company lifted its full‑year sales guidance to €43‑45 billion and reaffirmed a 54‑56 % margin target, citing strong AI‑driven chip demand. Management confirmed plans to expand low‑NA EUV and immersion DUV capacity by about 30 % in 2027, with further expansion under review for 2028, and highlighted the commercial rollout of its High‑NA EUV tools, first adopted by Intel for high‑volume production. Analyst houses upgraded their forecasts, and shares have risen more than 70 % year‑to‑date, keeping ASML Europe’s most valuable listed firm. On 17 July, ASML announced a second boost to its 2026 revenue outlook, attributing the lift to a surge in orders for EUV lithography machines required for AI‑optimized processors and memory. Major customers – TSMC, Samsung and Intel – are expanding capacity, with Intel planning a €5 billion expansion at its Ireland campus, TSMC committing roughly $100 billion for advanced facilities in Arizona, and Samsung advancing the start‑up of its Yongin fab to 2029. Intel shipped the first commercial chips built with ASML’s High‑NA EUV system – the Panther Lake processors on Intel’s 14A node – from its D1X factory in Oregon, marking the start of volume production. ASML also delivered components of a High‑NA EUV machine to the Albany NanoTech Complex in New York. In late July, Chinese state‑backed Shanghai Aishengna began mass production of immersion DUV lithography tools, targeting SMIC, Hua Hong and CXMT with five units in 2026 and up to 20 in 2027. The announcement knocked ASML’s shares down 8‑10%, erasing more than €60 billion of market value, but analysts stress the immediate commercial threat is limited.

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