Earnings Call
Jul 15, 2026
Q2 FY2026
EPS Estimate
7.98
EPS Actual
8.69
Post-Earnings Close
$1815.27
Earnings Reaction
+2.2%
ASML's second quarter 2026 results came in ahead of expectations on both revenue and gross margin, but the headline numbers are almost secondary to what management communicated about the trajectory of demand and capacity. Total net sales of EUR 9.3 billion exceeded the top of guidance, driven by EUR 2.8 billion in Installed Base Management revenue, nearly EUR 300 million above plan, as customers aggressively sought productivity upgrades to extract more capacity from existing fabs. Gross margin of 54% also beat guidance, reflecting the high-margin composition of that upgrade business. EPS came in at EUR 7.59, slightly below the consensus estimate, with operating expenses elevated due to one-time costs tied to a technology and IT transformation recognized in Q2.
Report generated on Jul 15, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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