ASML (ASML) Q2 2026 Pre recorded earnings summary

Executive summary

• Q2 2026 net sales reached €9.3 billion, with net income of €2.9 billion, both exceeding guidance due to strong installed base/service sales and robust semiconductor demand driven by AI and advanced logic and memory processes.

• High-NA EUV technology achieved a milestone, supporting high-volume logic production and enhancing manufacturing flexibility for future nodes.

• Order intake remained robust in H1 2026, providing increased visibility into long-term demand.

• The company remains committed to innovation, customer-centric strategy, and ESG leadership, with ongoing cash returns to shareholders via dividends and buybacks.

• Net sales for the first half of 2026 reached €18.1 billion, up 17.2% year-over-year, driven by higher sales volumes for EXE and NXE systems and increased service and field option sales.

Financial highlights

• Q2 2026 net sales: €9.3 billion; gross margin: 54.0%; net income: €2.9 billion; basic EPS: €7.59.

• Q2 2026 net system sales: €6.6 billion; installed base/service sales: €2.8 billion.

• 91 lithography systems sold in Q2 2026, up from 79 in Q1 2026.

• Cash and cash equivalents at Q2 2026 quarter-end: €6.67 billion.

• Operating income for H1 2026: €6.12 billion (+4.2% year-over-year).

Outlook and guidance

• Q3 2026 net sales guided between €11.0–12.0 billion; gross margin 55–57%.

• Full-year 2026 net sales expected between €43–45 billion; gross margin 54–56%.

• Installed base/service business for Q3 guided at €2.9 billion.

• Plans to expand EUV and DUV immersion capacity by 30% in 2027, with further increases considered for 2028.

• Ongoing AI-related investments and customer capacity expansions are expected to drive continued demand.