ASML Holding NV's stock surged 5.69% during pre-market trading on Wednesday, following the release of its second-quarter financial results and a significant upward revision to its full-year outlook.

The Dutch semiconductor equipment giant reported Q2 2026 total net sales of €9.3 billion and net income of €2.9 billion, both exceeding market expectations. The company's gross margin of 54.0% also came in above guidance. Driving the investor enthusiasm, ASML raised its 2026 total net sales forecast to a range of €43 billion to €45 billion, up substantially from its previous guidance of €36 billion to €40 billion.

The upward revision and strong results are attributed to unrelenting demand for advanced chip-making tools, fueled by massive investments in artificial intelligence infrastructure. In a significant technological milestone, ASML also announced that Intel has begun using its next-generation High NA EUV lithography technology for high-volume manufacturing of select processors, marking a key step in the commercialization of this advanced equipment. Furthermore, the company outlined plans to expand its production capacity by approximately 30% in both 2027 and 2028 to meet sustained customer demand.