ASML is showcasing its holistic lithography solutions at SEMICON India 2026 in New Delhi. The Dutch equipment maker reaffirms its support for customers and collaboration with ecosystem partners as India's semiconductor industry develops.

Supporting scalable manufacturing

Lithography is a crucial step in semiconductor manufacturing, enabling chipmakers to print intricate circuit patterns on silicon wafers. ASML highlights its integrated portfolio, which combines:

• Lithography systems
• Computational lithography software
• Metrology and inspection solutions

This approach helps manufacturers optimize performance, improve yield, and support high-volume production.

Technology roadmap

The integrated solution supports customers from system installation through process optimization, manufacturing ramp-up, and ongoing operations. It provides a technology roadmap that evolves alongside long-term needs, enabling chipmakers to build scalable capabilities while preparing for future advancements.

Event details

ASML is exhibiting at Booth #602 during SEMICON India 2026, held from September 17-19 in New Delhi.

Activist investor Dan Loeb’s Third Point LLC significantly reshuffled its semiconductor portfolio in the second quarter of 2026. The firm more than doubled its position in ASML Holding (NASDAQ: ASML), increasing its stake from 12,000 shares to 30,000 shares as of June 30.

Simultaneously, Third Point exited its entire holdings in four other major chipmakers: NVIDIA Corporation (NASDAQ: NVDA), Broadcom Inc. (NASDAQ: AVGO), KLA Corporation (NASDAQ: KLAC), and Lam Research Corporation (NASDAQ: LRCX).

What the Numbers Show

The divergence in Loeb’s trading activity highlights a concentrated bet on lithography equipment against a broader retreat from peers. By tripling its share count in ASML while completely liquidating positions in competitors like KLA and Lam, Third Point is signaling a preference for ASML’s specific market positioning over the wider semiconductor equipment sector.

ASML Financial Performance and Outlook

ASML reported strong second-quarter results, with earnings per share of $8.82, beating the Wall Street consensus estimate of $7.98. Revenue rose to $10.84 billion, surpassing analyst expectations of $10.28 billion.

Looking ahead, the company raised its full-year 2026 outlook. ASML now expects net sales between €43 billion and €45 billion, with a gross margin of 54% to 56%. For the third quarter, the firm forecasts revenue between €11 billion and €12 billion, alongside a gross margin of 55% to 57%.

Strategic Developments

ASML continues to advance its High Numerical Aperture Extreme Ultraviolet (High NA EUV) technology. Intel Corporation (NASDAQ: INTC) Foundry has begun high-volume manufacturing of a subset of Intel Core Ultra Series 3 "Panther Lake" using this technology. Additionally, Samsung Electronics Co. Ltd. (OTC: SSNLF) expanded its strategic partnership with ASML to deepen collaboration on High NA EUV and advanced manufacturing.

The company is also working with Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) to develop larger EUV photomasks aimed at boosting factory productivity and lowering production costs for advanced chips.

Market Performance and Valuation

Despite the strong earnings beat, ASML shares fell 6.01% on Monday, underperforming the Technology Select Sector SPDR Fund (XLK), which declined 1.64%. This relative weakness occurred as the broader technology sector faced a mild downtrend, down 3.01% over the past 30 days.

Analysts maintain a Buy rating for ASML with an average price target of $2,393.60. Recent upgrades include:

• JP Morgan: Overweight, target raised to $2,400.00
• Wells Fargo: Overweight, target raised to $2,500.00
• RBC Capital: Outperform, target raised to $2,100.00

Over the past year, ASML gained 83.37%, trailing the peer-group average return of 113.61%. The stock trades at a premium valuation with a P/E ratio of 57.5x.