ASML BEATS Q2 TARGETS, RAISES 2026 FORECAST

The Dutch chipmaking equipment supplier posted Q2 results that surpassed estimates on both top and bottom lines. Net sales came in at €9.3B against the expected €8.8B, while net profit reached €2.9B versus the anticipated €2.6B. ASML's revised 2026 forecast represents a significant upward revision, increasing the midpoint by approximately €3.5B. The guidance raise marks the company's second adjustment this year, signaling strong demand for its lithography systems used in semiconductor manufacturing. The results underscore robust growth in the chip equipment sector, driven by continued investment in advanced semiconductor production capacity. ASML's performance reflects broader momentum in AI-driven demand for semiconductors, which has supported capital spending by chip manufacturers globally. The company's improving outlook suggests confidence in sustained demand for next-generation chip fabrication technology through 2026.