ASML just told the market what most already suspected but few had the numbers to prove: the AI spending wave isn’t cresting. It’s still climbing.
The Dutch semiconductor equipment maker raised its full-year 2026 revenue guidance to between €43 billion and €45 billion, marking the second upward revision this year. The catalyst is straightforward. Chip foundries and memory producers are pouring capital into AI infrastructure, and every one of those advanced chips needs ASML’s extreme ultraviolet lithography machines to exist.
The numbers behind the noise
ASML’s Q2 2026 results paint a picture of demand that borders on insatiable. EUV revenue jumped 45% year-over-year. Memory-related revenue surged 75% over the same period.
The company announced plans to expand EUV production capacity by 30% for 2027, with further capacity reviews already underway for 2028.
