ASML exceeded Q2 analyst expectations driven by robust demand for AI chip manufacturing equipment, despite ongoing concerns over trade restrictions with China. The company announced a 30% capacity expansion plan and expects continued strong growth in the upcoming quarter. Additionally, Bank of New York Mellon (BNY) held its earnings call to discuss its financial results for the same period.
ASML targets 2026 sales up to €45 billion, even as China's revenue contribution plummeted from 50% to under 20% due to trade restrictions.
Read the full storyASML exceeded Q2 2026 estimates and unveiled a major expansion plan, while BNY Mellon reviewed its quarterly performance with investors.
ASML reported Q2 results exceeding analyst estimates, fueled by a surge in demand for advanced lithography systems used in AI chip production.