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ASML’s €3.8 Billion EUV Quarter Builds A Lithography Powerhouse!

The report from ASML Holding N.V. for the second quarter of 2026 reflects continued momentum in demand for its advanced lithography systems, supported by strong customer capex plans in both advanced logic and memory segments. Total net sales reached €9.3 billion, exceeding guidance largely due to higher-than-expected Installed Base Management (IBM) sales, which grew to €2.8 billion—around €300 million above projections—primarily driven by additional upgrades. Net system sales totaled €6.6 billion, split nearly evenly between logic (51%) and memory (49%), with EUV systems accounting for €3.8 billion of sales, including High-NA system contributions. Gross margin stood at 54%, higher than anticipated, benefiting from high-margin components within IBM. Operating expenses rose above guidance owing to technology and IT transformation costs concentrated in R&D (€1.3 billion) and SG&A (€0.3 billion). The effective tax rate for the quarter was 17.5%, with an expectation of approximately 17% for the full year.