ASML Stock Buy Recommendation Following Blowout Q2 Earnings Report
Following ASML's strong second-quarter 2026 earnings report on July 15, the article argues that aggressive spending on chipmaking infrastructure, driven by AI demand, is a massive reason to buy the stock. ASML reported Q2 revenue of 9.3 billion euros and net income of 2.92 billion euros, both beating analyst expectations. The company raised its full-year revenue guidance to between 43 billion and 45 billion euros, a 35% increase at the midpoint, and increased its gross margin guidance. The article highlights that ASML plans to increase supply of advanced chipmaking equipment by an additional 30% over the next three years, driven by demand for advanced logic chips (5nm to 2nm) and a severe memory chip shortage. Memory manufacturers SK Hynix and Samsung are expected to spend over $2 trillion on manufacturing capabilities over the next decade. The article concludes that analysts' 12-month median price target of $2,393 suggests a potential 38% upside from current levels.
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