ASML Holding NV (EURONEXT:ASML) posted strong Q2 results and raised its 2026 sales guide as it expands EUV/DUV capacity and deploys High-NA EUV in Intel production, while geopolitical export risks to China and limited High-NA shipments temper outlook despite robust demand and employee bonuses.
Previous Week Recap
- ASML Q2 2026 Outlook Boosts Revenue: ASML Q2 2026: sales €9.33B, net income €2.92B. Raised 2026 sales guide to €43–45B; gross margin ~54–56%. Plans ~30% EUV/DUV capacity boost in 2027; shares moved significantly.
- Intel Uses High-NA EUV Commercially: ASML says Intel began using its High-NA EUV in commercial production for select Intel 18A layers (Core Ultra Series 3). High-NA tools are dual-qualified at Intel Oregon; yields match NXE EUV.
- MATCH Act Targets ASML Exports: US lawmakers push MATCH Act to curb ASML exports and possibly block servicing in China; analysts warn 15–20% hit to long‑term sales and pressure on high‑margin service revenue.
- Low High-NA EUV Shipments: ASML said global shipments of its high-NA EUV tools are in the low single digits. It warned that limited China capacity would shift chip production to other regions.
- ASML Forecast Lifts Tech Sector: ASML issued a stronger forecast that helped lift the European technology sector, contributing to gains in chip-equipment stocks amid broader geopolitical caution.
- ASML Grants One-Time €20K Bonus: ASML (ASML) grants a one‑time €20,000 bonus to all employees amid AI-driven demand and record sales. Traders: bonus signals strong revenue and robust demand for ASML's lithography tools.
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