ASML Holding's Q2 Earnings Beat Estimates, Revenues Rise Y/Y - TradingView

ASML Holding N.V. delivered strong second-quarter 2026 results, exceeding market expectations in both revenue and earnings. The company reported earnings per share of €7.59, up 28.6% year-over-year, a... Read original →

ASML's Q2 beat reflects the AI chip arms race’s hard demand for cutting-edge lithography. With EUV contributing over half of system sales, it’s accelerating 3nm/2nm logic and HBM4 memory ramp-ups, compelling TSMC, Samsung, and foundries in Taiwan, China and Korea to fast-track High-NA EUV adoption—establishing a 'tools-first, design-later' paradigm. While export controls haven’t dented ASML’s top line, DUV licensing delays are inflating customer inventory costs and pushing SMIC to extend mature-node lifecycles, inadvertently sustaining demand for older systems. Nikon and Canon’s niche pushes in immersion lithography are neutralized by ASML’s Installed Base Management lock-in. Over the next 18 months, as High-NA EUV scales and 2nm pilot lines launch, ASML will evolve from equipment vendor to gatekeeper of advanced nodes—its delivery timelines and pricing power becoming the decisive levers in global AI chip capacity allocation.