EarningsQ2 2026 Earnings Report
MX:ASML1N Q2 2026 EPS Results
Actual EPS$153.50
Consensus EPS$140.06
Beat/MissBeat by +$13.44
One Year Ago EPS$120.99
MX:ASML1N Q2 2026 Revenue Results
Actual Revenue$191.77B
Expected Revenue$181.08B
Beat/MissBeat by +$10.68B
YoY Revenue Growth+24.38%
Earnings Announcement Details
QuarterQ2 2026
Date07/15/2026
TimeBefore Open
Conference CallWednesday, July 15, 2026
MX:ASML1N Upcoming Earnings
ASML Holding's next earnings date is estimated for October 14, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ASML1N Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive: ASML beat Q2 guidance, raised full-year revenue guidance, reported robust profitability and cash generation, and outlined aggressive capacity expansion plans driven by very strong demand across advanced logic and DRAM. Key risks/negatives included higher-than-expected operating expenses (transformation-related R&D), limited near-term High-NA revenue, ongoing supply-chain and lead-time constraints, and the need to manage tool mix transitions. Overall the positives (revenue beat, raised guidance, multi-segment demand, large percentage growth expectations for EUV/non-EUV/IBM, strong cash returns and buybacks) substantially outweigh the highlighted challenges.Company Guidance
Q2 Revenue Beat and Raised Full-Year Guidance
Total net sales of EUR 9.3 billion in Q2, above the high end of guidance; updated full-year 2026 revenue guidance raised to EUR 43.0–45.0 billion (previous guidance lower); Q3 sales guided at EUR 11–12 billion.
Strong Net System Sales Mix and EUV Contribution
Net system sales of EUR 6.6 billion in Q2 with EUV contributing EUR 3.8 billion (including one High-NA) and non-EUV EUR 2.8 billion; net system sales nearly equally split between logic (51%) and memory (49%).
Installed Base Management Outperformance
Installed Base Management (service & upgrades) sales of EUR 2.8 billion in Q2, approximately EUR 300 million above guidance; company expects IBM sales to grow >30% for full year 2026.
Gross Margin and Profitability
Q2 gross margin of 54% (above guidance) and net income of EUR 2.9 billion (31.3% of net sales) producing EPS of EUR 7.59; Q3 gross margin guided at 55–57% and full-year gross margin guided at 54–56%.
Free Cash Flow, Cash Position and Shareholder Returns
Q2 free cash flow of EUR 1.3 billion and cash & short-term investments of EUR 7.6 billion; Q2 share buybacks of ~EUR 1.1 billion; final dividend over 2025 EUR 2.70 per share and total 2025 dividend EUR 7.50; first interim 2026 dividend EUR 1.88 payable Aug 5, 2026.
EUV and DUV Shipments and Capacity Plans
Now expect to ship ~65 Low-NA EUV systems in 2026, implying EUV net system sales growth >45% year-over-year; immersion DUV shipments ~130 for 2026 (similar to 2025); non-EUV net system sales expected to grow ~25% for 2026.
Strong End-Market Demand and Upgraded Customer CapEx Plans
Management cites very strong demand across advanced logic and DRAM with customers revising capex plans upward; expects advanced logic foundry-related net system sales to grow >25% and memory-related net system sales to grow >75% in 2026.
Capacity Expansion Roadmap
Plans to increase Low-NA EUV capacity by ~30% in 2027 and investigating another ~30% for 2028 (targeting ~110 Low-NA EUV scenario for 2028); immersion capacity planned +30% in 2027 with potential further +30% in 2028; company reports being close to fully covered on Low-NA EUV for 2027.
High-NA Progress and Production Milestone
High-NA platform making progress toward HVM maturity; announced that Intel Foundry is using ASML High-NA EUV on Intel 18A to produce a subset of Core Ultra Series 3 processors; company still expects to revenue-recognize 4–5 High-NA systems in 2026.
MX:ASML1N Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed