ASML reports Q2 2026 earnings on July 15, with TSMC following on July 16. Together, these two firms represent the foundational infrastructure layer of the entire AI boom. One makes the machines that make the chips. The other makes the chips themselves.
TSMC posted NT$442.68 billion in June revenue, a 68% increase year-over-year and a 6.2% bump month-over-month. For the first half of 2026, total revenue hit NT$2.404 trillion, reflecting 35.6% annual growth. TSMC has previously projected more than 30% full-year 2026 revenue growth in US dollar terms, driven almost entirely by AI-related silicon demand.
ASML raised its 2026 sales guidance to a range of 36 billion to 40 billion euros. As the sole manufacturer of extreme ultraviolet lithography machines, the equipment needed to etch transistors at the most advanced semiconductor nodes, ASML occupies a monopoly position. Every cutting-edge chip that TSMC produces requires ASML’s machines to exist.
Around June 23, a broader tech selloff dragged semiconductor names lower. ASML and TSMC both saw declines of roughly 5% to 7.5%, while Nvidia took a similar hit.
Why crypto investors should pay attention
