ASML Holding NASDAQ:ASML raised its 2026 revenue outlook and outlined plans to expand manufacturing capacity after reporting second-quarter results that exceeded analyst expectations.
ASML posted second-quarter revenue of 9.33 billion euros ($10.9 billion) for the period ended June 30, above analysts' estimate of 8.80 billion euros, while net income reached 2.92 billion euros, topping the consensus forecast of 2.62 billion euros, based on LSEG data. The company attributed the performance to continued demand for equipment used in artificial intelligence chip production.
ASML now expects full-year 2026 net revenue of 43 billion euros to 45 billion euros, up from its earlier forecast of 36 billion euros to 40 billion euros. The company also said it plans to increase production capacity for both its extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems by about 30% in each of the next two years.
ASML said chipmakers including Taiwan Semiconductor Manufacturing NYSE:TSM, Samsung Electronics, SK Hynix, Micron Technology (MU) and Intel NASDAQ:INTC continue to expand capacity to meet AI-related demand. The company also said Intel plans to use its High-NA lithography system to manufacture certain Panther Lake processor.