Semiconductor equipment giant ASML beat analyst estimates for the second quarter and raised its outlook for the full year. ASML stock rose.

ASML's China system sales dropped from 36% to 19% in one quarter as US export controls tighten. The chipmaking giant raised 2026 revenue guidance to €36-40

ASML on Wednesday raised its guidance for a second time this year as its customers continue to ramp up their production capacity of AI chips.