EL7.AI
StocksMediumUpdated×3•Originally published 16 July 2026•Updated 16 July 2026•
1 min read

ASML Beats Q2 Estimates and Lifts 2026 Guidance on AI Infrastructure Boom

Key Facts

1ASML raised its 2026 revenue guidance midpoint to €44 billion from the previous €38 billion.
2The company's gross margin midpoint for 2026 is now projected at 55%, supported by EUV and DUV growth.

ASML has delivered a robust Q2 performance, reporting sales of €9.30 billion and earnings per share of €7.59, exceeding analyst estimates. This immediate operational success complements the company's upgraded 2026 financial outlook, which now targets a revenue midpoint of €44 billion and a gross margin of 55%. The results underscore ASML's pivotal role in the semiconductor supply chain as it successfully scales its advanced EUV and DUV technologies.

The earnings beat arrives amid an aggressive AI infrastructure build-out, with industry leaders like Nvidia and TSMC securing critical production capacity. Per market data, ASML's market capitalization has reached approximately $706.83 billion, while Argus Research raised its price target for the stock to $2,100 from $1,700. This optimism is rooted in ASML's near-monopoly on High NA lithography, which remains the primary bottleneck for next-generation chip manufacturing.

ASML shares traded at $1838.44 on July 16, 2026, reflecting positive momentum following the financial disclosure. Market participants are now shifting focus to the European Central Bank's Monetary Policy Meeting Accounts, which will be a key catalyst for European tech valuations and financing conditions in the coming months.