Dutch tech giant ASML, headquartered in Veldhoven, will release its Q2 2026 results before U.S. markets open on Wednesday, July 15. The most consequential number for the AI chip investment cycle will be net bookings, as ASML is the world's sole supplier of extreme ultraviolet lithography machines required for every leading-edge AI processor. Wall Street expects total net sales between €8.4 billion and €9.0 billion, with gross margin of roughly 51% to 52% and earnings per share near $7.98, representing roughly 75% growth over the same quarter a year earlier. In Q4 2025, net bookings were €13.2 billion, with €7.4 billion from EUV systems, and the company closed 2025 with a total backlog of €38.8 billion. Bank of America upgraded ASML's target to $2,345, maintaining a Buy rating and calling the EUV order trajectory sustainable.