ASML just reported its second-quarter 2026 results, and the numbers suggest the semiconductor industry is spending at a pace that would make even the most optimistic analyst pause.
The Dutch lithography giant posted Q2 revenue of €9.33 billion, clearing analyst expectations of €8.80 billion by a comfortable margin. Net income came in at €2.92 billion, with a 54% gross margin attached. Then came the guidance revision that really got people’s attention.
A guidance raise that changes the conversation
ASML lifted its full-year 2026 revenue forecast to a range of €43-45 billion. The previous estimate sat at €36-40 billion. That is roughly a 16% increase, which, in the context of a company this size, is not a minor adjustment.
CEO Christophe Fouquet pointed to surging capacity expansion plans from ASML’s key customers, a list that reads like a who’s who of global chip manufacturing: TSMC, Samsung, SK Hynix, Micron, and Intel. All of them are accelerating, not pausing.
