ASML Holding Q2 2026 Earnings Call: Complete Transcript

ASML Holding (NASDAQ: ASML ) held its second-quarter earnings conference call on Wednesday.

Below is the complete transcript from the call.

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View the webcast at Summary ASML Holding N.V. reported Q2 2026 net sales of 9.3 billion euros, exceeding guidance, with significant contributions from EUV system sales.

Gross margin for Q2 was 54%, surpassing expectations due to high-margin components in install base management.

ASML raised its full-year 2026 guidance, expecting net sales between 43 and 45 billion euros and a gross margin of 54% to 56%.

Strong customer demand driven by AI accelerator needs and DRAM price increases led to aggressive capacity expansions and long-term agreements.

The company anticipates a 25% growth in advanced logic foundry-related net system sales and a 75% increase in memory-related net system sales in 2026.

ASML plans to ship around 65 low NA EUV systems and 130 immersion DUV systems this year, with an expected EUV net system sales growth of over 45%.

China-related sales are projected to account for 20% of total net sales for 2026, reflecting increased demand for mainstream projects.

ASML is investigating further capacity increases for 2028 due to strong demand signals from customers, particularly for low NA EUV systems.

ASML continues to focus on optimizing its existing footprint to meet demand without requiring new clean room space.

Management emphasized the importance of value-based pricing and flexibility in pricing given the current high demand environment.

Full Transcript OPERATOR Good day and thank you for standing by.

Welcome to the ASML 2026 second quarter financial results conference call on July 15, 2026.

At this time all participants are in a listen-only mode.

After the speaker's introduction, there will be a question and answer session.

To ask a question during the session you will need to press Star one and one on your telephone.

You will then hear an automated message advising your hand is raised.

To withdraw your question, please press Star 1 and 1 again.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Mr.

Jim Kavanagh.

Please go ahead.

Jim Kavanaugh, Head of Investor Relations Thank you, Operator.

Welcome everyone.

This is Jim Kavanaugh, Head of Investor Relations at ASML.

Joining me today on the call are ASML CEO Christophe Fouquet and our CFO Roger Dassen.

The subject of today's call is ASML's 2026 second quarter results.

The length of the call will be 60 minutes and questions will be taken in the order they are received.

This call is also being broadcast live over the Internet on A transcript of management's opening remarks and a replay of the call will be available on our website shortly following the conclusion of this call.

Before we begin, I would like to caution listeners that comments made by management during this conference call will include forward-looking statements within the meaning of the federal securities laws.

These forward-looking statements involve material risks and uncertainties.

For a discussion of risk factors, I encourage you to review the Safe Harbor statement contained in today's press release and presentation found on our website at and on ASML's annual report on the Form 20-F and other documents as filed with the Securities and Exchange Commission.

With that, I would like to turn the call over to Christophe Fouquet for a brief introduction.