ASML, a leading manufacturer of semiconductor production equipment, on Wednesday raised its full-year sales and margin forecast for the second time this year. The company attributed the revised guidance to strong order intake driven by demand for technology used in producing artificial intelligence chips.
In a statement released on July 15, 2026, ASML announced it now projects full-year net sales to be between €43 billion and €45 billion, with a gross margin between 54% and 56%. The company’s previous forecast, issued last quarter, projected annual sales between €36 billion and €40 billion and a gross margin of 51% to 53%.
The announcement accompanied the company’s second-quarter financial results. ASML reported net sales of €9.3 billion and a net profit of €2.9 billion for the quarter. These figures surpassed consensus estimates from LSEG, which had projected €8.8 billion in net sales and €2.6 billion in net profit.
ASML is the sole global producer of extreme ultraviolet (EUV) lithography systems, which are required to manufacture the most advanced semiconductors.
Chief Executive Officer Christophe Fouquet stated that customer demand influenced the updated forecast. “Order intake remained ’extremely strong’ in the first half of the year,” Fouquet said in the company’s statement. He added that the company’s customers “continue to accelerate their capacity expansion plans,” which provides “ASML with increased visibility into longer-term demand.”
In response to this demand, Fouquet said the company will target a 30% increase to its 2026 capacity for both its low NA EUV systems and its Deep Ultraviolet (DUV) immersion systems.
The forecast revision comes as major chipmakers increase their production capabilities. Taiwan Semiconductor Manufacturing Co. (TSMC), a key ASML customer, reported a 68% year-over-year increase in its June sales. Citing remarks from Taiwan’s National Science and Technology Council Minister Wu Cheng-wen, Reuters reported that TSMC is planning to build two new advanced chip packaging plants in southern Taiwan.
In a July 10 research note, analysts at UBS stated that the expansion of semiconductor fabrication facilities and AI-related demand would contribute to ASML’s performance in the second half of the year.
ASML noted it is subject to evolving export control restrictions on its advanced equipment. The company announced it will provide a further update on its long-term outlook during a Capital Markets Day scheduled for June 10 of the following year.
