ASML reported €9.3 billion in total net sales and €2.9 billion in net income for the second quarter of 2026, according to the company's press release dated July 15, 2026 ASML. That result comes in above the guidance range of €8.4 billion to €9 billion that ASML had issued in April Bloomberg.

Alongside the print, ASML lifted its full-year 2026 outlook. The company now expects total net sales of €43 billion to €45 billion, up from the €34 billion to €39 billion range it had guided with its Q4 2025 results in January ASML. Gross margin guidance for the year moves to 54-56%, versus the previously guided 51-53%. This is the second upward revision to the 2026 sales forecast this year, following an April increase reported by Bloomberg that was itself driven by AI-linked capex from chipmakers Bloomberg.

The magnitude of the revision is worth sitting with. A move from a €34-39 billion range to €43-45 billion is not a rounding adjustment to a lithography supplier whose capital equipment lead times and order-book lumpiness typically make guidance changes incremental. Two upgrades inside six months point to demand visibility extending further out than ASML's own booking cycle would normally allow management to commit to publicly. For a company whose EUV and DUV systems sell in the tens to hundreds of millions of euros per tool, a €9-10 billion swing in full-year sales guidance implies either accelerated shipment timing on existing backlog, incremental orders being pulled forward, or both.

On the technology side, ASML also announced on July 15 that its High NA EUV platform reached a new readiness milestone, with the first high-volume logic product qualified on the tool ASML. High NA — High Numerical Aperture extreme ultraviolet lithography — is the successor generation to standard NA EUV, offering finer resolution for sub-2nm logic nodes at a substantially higher price point per tool. Getting a high-volume logic customer to qualify a product on High NA is a distinct milestone from simply shipping systems for R&D or pilot lines; it signals the tool is being integrated into an actual production flow rather than sitting in a customer's development fab. For a platform whose adoption curve has been watched closely given the roughly $350-400 million-plus price tags attached to individual High NA systems, this qualification matters more to the multi-year revenue case than the quarterly print does.

Separately, ASML and Tata Electronics announced a strategic partnership on May 16, 2026, aimed at building out India's semiconductor manufacturing ecosystem ASML. Details on scope and capital commitment were not part of the July 15 disclosures, but the timing places it squarely within the broader push by governments and foundries to diversify advanced-node capacity outside Taiwan and Korea.

Reading the quarter and the guidance together, the throughline is AI-driven capital expenditure among logic and memory customers translating into equipment orders faster than ASML itself expected as recently as January. That is consistent with what chipmakers and hyperscalers have been signaling about AI infrastructure buildout, but ASML's order book gives one of the cleanest reads on whether that spending is actually converting into wafer-fab capacity commitments rather than remaining announcement-stage.

For investors and analysts modeling semicap names, the gross margin expansion — from a 51-53% band to 54-56% — deserves separate attention from the sales figure. Margin expansion of that scale typically reflects mix shift toward higher-value systems (High NA units carry structurally higher margins than mature DUV tools) alongside possible pricing power in a tight-capacity environment. It is not simply a function of higher volume; fixed-cost absorption alone would not typically move a margin band by 300 basis points.

None of this changes the fact that ASML's guidance is management's own forecast, not a locked commitment, and prior years have shown that lithography demand can decelerate abruptly when customers' own capex plans get revised. The two upgrades this year reflect what ASML's leadership currently believes about order flow; they are not a guarantee of Q3 or Q4 delivery. Basis points of margin guidance and billions in sales guidance both remain estimates until they show up in a subsequent quarter's actuals.