ASML Q2 Earnings Call Highlights

ASML beat second-quarter guidance with net sales of EUR 9.3 billion and a 54% gross margin, helped by stronger-than-expected demand in its installed base business and continued AI-related spending. The company raised its 2026 outlook, now forecasting full-year sales of EUR 43 billion to EUR 45 billion and gross margin of 54% to 56%, citing higher upgrade activity, better fixed-cost coverage and a favorable product mix. AI and memory demand are driving future growth, with ASML seeing strong logic and DRAM investment, solid order visibility into 2027-2028, and progress in High-NA EUV as Intel begins using the tool in production. 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. Roger Dassen, ASML’s executive vice president and chief financial officer, said total net sales for the quarter were EUR 9.3 billion, with gross margin of 54%. Net income came in at EUR 2.9 billion, a figure Dassen said included an estimate of costs associated with the company’s tech and IT transformation. "All in all, I would say a very strong quarter, both from a market dynamic perspective and from an execution perspective," Dassen said. Dassen attributed the upside in the quarter primarily to ASML’s installed base business, which generated EUR 2.8 billion in revenue, about EUR 300 million above the company’s expectations.