ASML Holding raised its financial guidance for 2026 on Wednesday after reporting stronger-than-expected second-quarter earnings and announcing plans to increase capacity. The results showed that robust demand for artificial intelligence chips continues to fuel investment across the semiconductor industry.
Shares in the Dutch company climbed 6% in pre-market trading after it lifted its outlook by up to 19% for 2026.
ASML NASDAQ: ASML reported second-quarter 2026 net sales and gross margin above its own guidance, driven by stronger-than-expected demand from its installed base business and continued customer investment tied to artificial intelligence, memory and advanced logic production.
The annual guidance raise is a sign that companies are scrambling for its semiconductor-making tools in the race to build AI infrastructure.
The Dutch semiconductor-equipment maker said it now expects full-year sales to come in between 43 billion euros ($49 billion) and 45 billion euros, and a gross margin of between 54 and 56%. It previously predicted annual net sales of between 36 billion and 40 billion euros, and a gross margin between 51% and 53%.
ASML , the world's biggest supplier of equipment used to manufacture computer chips, on Wednesday reported better-than-expected second-quarter revenue and profit, as demand from makers of artificial intelligence chips offset uncertainty over sales to China.
ASML Holding is set to release its latest quarterly results ahead of the opening bell on Wednesday, and traders are expecting a big move from the stock to follow.
Own ASML Holding (NASDAQ:ASML | ASML Price Prediction) before the opening bell on July 15 when the company reports Q2 results and almost certainly reiterates a raised full-year outlook the market is still underpricing.
The Dutch semiconductor-equipment manufacturer is reporting its second-quarter results on Wednesday, with analysts expecting a 15% rise in earnings per share year-over-year.
Big banks kick off earnings season this week, which will also bring reports from GE Aerospace, Netflix, and Taiwan Semi. In economic news, we'll get the consumer and producer price indexes, and retail sales data.
ASML Holding's Q2 outlook points to strong growth, but a lofty valuation, China export curbs and rising competition warrant caution ahead of results.
ASML (ASML) closed the most recent trading day at $1, moving +2.01% from the previous trading session.