ASML reports €9.3 billion total net sales and €2.9 billion net income in Q2 2026
Rhea-AI Summary
ASML (NASDAQ:ASML) reported Q2 2026 total net sales of €9.3 billion, gross margin of 54.0% and net income of €2.9 billion, with basic EPS of €7.59. Sales rose from €8.8 billion in Q1 2026, driven mainly by higher Installed Base Management sales of €2.8 billion.
According to ASML, Q3 2026 total net sales are expected between €11.0–€12.0 billion, with gross margin of 55–57%, R&D around €1.2 billion and SG&A around €0.4 billion. Full-year 2026 total net sales outlook was raised to €43–45 billion with gross margin of 54–56%. ASML plans to increase 2027 low NA EUV and DUV immersion capacity by about 30% versus 2026 levels and is investigating another 30% increase for 2028. In Q2, ASML repurchased about €1.1 billion of shares under its 2026–2028 buyback program and announced an interim 2026 dividend of €1.88 per ordinary share, payable on August 5, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Q2 2026 total net sales €9.3 billion vs. €8.8 billion in Q1
- Q2 2026 gross margin 54.0%, above guided level per management
- Net income Q2 2026 €2.9 billion; basic EPS €7.59
- 2026 total net sales outlook raised to €43–45 billion with 54–56% gross margin
- Strong Q3 2026 guidance sales €11.0–12.0 billion, gross margin 55–57%
- Shareholder returns €1.1 billion Q2 buybacks plus €1.88 interim dividend per share
- Capacity expansion planned 30% increase in 2027 low NA EUV and DUV immersion vs. 2026
Negative
- End-quarter cash and short-term investments decreased from €8.38 billion in Q1 to €7.58 billion in Q2
- Used lithography systems sold declined from 12 units in Q1 2026 to 5 units in Q2 2026
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 13 | Buyback disclosure | Neutral | -4.0% | Update on share repurchases under ongoing buyback program. |
| Jul 06 | Buyback disclosure | Neutral | +3.1% | Disclosure of weekly repurchases and pricing under buyback. |
| Jun 22 | Buyback disclosure | Neutral | -2.0% | Weekly update on repurchases and average prices. |
| Jun 15 | Buyback disclosure | Neutral | +1.9% | Disclosure of daily buyback volumes and values. |
| Jun 08 | Buyback disclosure | Neutral | +6.7% | Report on early-June buyback activity and pricing. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent buyback transaction updates have produced mixed share reactions, with slightly more positive than negative moves.
Key Terms
gross margin financial
eps financial
euv technical
duv immersion technical
interim dividend financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ASML reports
ASML increases outlook, expects 2026 total net sales to be between
VELDHOVEN, the Netherlands, July 15, 2026 – Today, ASML Holding NV (ASML) has published its 2026 second-quarter results.
- Q2 total net sales of
€9.3 billion , gross margin of54.0% , net income of€2.9 billion - ASML expects Q3 2026 total net sales between
€11.0 billion and€12.0 billion , and a gross margin between55% and57% - ASML now expects 2026 total net sales to be between
€43 billion and€45 billion , with a gross margin between54% and56%
| (Figures in millions of euros unless otherwise indicated) | Q1 2026 | Q2 2026 | |
| Total net sales | 8,767 | 9,326 | |
| ...of which Installed Base Management sales1 | 2,488 | 2,762 | |
| New lithography systems sold (units) | 67 | 86 | |
| Used lithography systems sold (units) | 12 | 5 | |
| Gross profit | 4,645 | 5,035 | |
| Gross margin (%) | 53.0 | 54.0 | |
| Net income | 2,757 | 2,918 | |
| EPS (basic; in euros) | 7.15 | 7.59 | |
| End-quarter cash and cash equivalents and short-term investments | 8,376 | 7,582 |
(1) Installed Base Management sales equals our net service and field option sales.
Numbers have been rounded for readers' convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com.
CEO statement and outlook
"Our second-quarter total net sales were
"Ongoing AI-related investments and continued progress in AI technologies are driving demand for advanced Logic and Memory chips, further strengthening the semiconductor industry's growth outlook. Our customers, in turn, continue to accelerate their capacity expansion plans. This is translating into customer commitments across our product portfolio, providing ASML with increased visibility into longer-term demand. Our order intake remained extremely strong in the first half of the year. Based on this momentum, we are planning to add
"We expect third-quarter 2026 total net sales between
Update share buyback program and dividend
In the second quarter, we purchased around
An interim dividend over 2026 of
Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML's website (www.asml.com/investors).
| Media Relations contacts | Investor Relations contacts |
| Monique Mols +31 6 5284 4418 | Jim Kavanagh +31 40 268 3938 |
| Sarah de Crescenzo +1 925 899 8985 | Pete Convertito +1 203 919 1714 |
| Karen Lo +886 9 397 88635 | Peter Cheang +886 3 659 6771 |
Quarterly video interview and investor call
With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2026 second-quarter results and outlook for 2026. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.
An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on July 15, 2026 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.
About ASML
ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,500 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.
US GAAP and IFRS Financial Reporting
ASML's primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly US GAAP Consolidated Statements of Operations, Consolidated Statements of Cash Flows and Consolidated Balance Sheets are available on www.asml.com.
The Consolidated Balance Sheets of ASML Holding N.V. as of June 28, 2026, the related Consolidated Statements of Operations and Consolidated Statements of Cash Flows for the quarter and six months ended June 28, 2026, as presented in this press release, are unaudited.
Today, July 15, 2026, ASML also published its Statutory Interim Report for the six-month period ended June 28, 2026. The Statutory Interim Report is available on our website.
Regulated information
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Forward Looking Statements
This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including expected trends in the semiconductor industry and end markets, business dynamics and business environment trends, the expected impact of AI investments and progress in AI technologies on demand for chips and semiconductor growth outlook and impact on our customers and our business, increasing intensity of lithography, plans and capability to increase capacity and output and expected capacity, customer plans including with respect to capacity additions, our product portfolio and portfolio roadmaps, backlog, technological developments expected shipment of systems, supply and demand trends, orders and order intake and momentum, increased visibility into longer-term demand, gross margin growth plans, outlook including expected sales of market segments and geographies, outlook and expected financial results including outlook and expected results for Q3 2026, including net sales, IBM sales, gross margin, R&D costs, SG&A costs, outlook and expectations with respect to full year 2026 including expected full year 2026 total net sales, gross margin, annualized effective tax rate and IBM sales, expectations with respect to EUV, DUV and metrology in 2026, expectations with respect to 2027 and 2028 including expected increase in wafer capacity of customers and investigation of increasing capability to add wafer capacity and system output capacity, statements made at our 2024 Investor Day, including investor key messages, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks and statements with respect to dividends, expected performance and capabilities of our systems and product roadmaps, customer outlook and plans including customer roadmaps, capital expenditures and capacity expansion plans, ESG strategy and commitments and other non-historical statements. You can generally identify these statements by the use of words like “may”, “expect”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “guide”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity”, “commitment” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and industry and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the macroeconomic and geopolitical environment on the semiconductor industry, semiconductor market conditions, the impact of AI on our customers, the pace of customer increase in capacity, industry and business and semiconductor demand and demand for our tools, the impact of inflation, interest rate and exchange rate fluctuations, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new technologies, products and models and customer roadmaps, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in orders and our ability to convert orders into sales and risks relating to the realization of our backlog, the risk of order cancellations, delays or push outs and restrictions on shipments of systems, including ordered systems, under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, the impact of the tariff announcements, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and commitments and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2025 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.
1Installed Base Management sales equals our net service and field option sales.
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