Q2 2026 ASML Holding NV Earnings Call - Pre-Recorded
Speaker #1: Hello, and welcome to ASML's Q2 2026 results video. Welcome, Christoph, welcome, Roger. Roger, can I start with you and ask you to give us a summary of our Q2 results, please?
Speaker #2: Sure. Total net sales for the quarter came in at 9.3 billion, and we had a gross margin of 54%. Both of them, both the top line and also the gross margin, above guidance.
Speaker #2: Main reason why it was above guidance is the installed base business, the installed base business came in at 2.8 billion. That is the 300 million more than we expected as a result of the fact that, you know, customers are really looking for productivity enhancements, and therefore the upgrade business was quite high.
Speaker #2: Net income came in at 2.9 billion. In the 2.9 billion is also an estimate of the cost associated with the tech and IT transformation.
Speaker #2: So that's included in that number. So all in all, I would say a very strong quarter, both from a market dynamic perspective and from an execution perspective.
Speaker #1: And then looking further ahead, can you also provide us with a guide for Q3 and then the full year 26?
Speaker #2: So the way we look at Q3, we guide total net sales between 11 and 12 billion for Q3, with a growth margin between 55 and 57%.
Speaker #2: We are looking at an installed base business of approximately 2.9 billion for Q3. If we look at the total year, we're looking at a total net sales guided between 43 and 45 billion and a gross margin between 54 and 56% for the full year.
Speaker #1: So then maybe Christoph, if I can turn to you and ask you to give us maybe a sense of the market dynamics that have led to the upgrade in the guidance that Roger just talked about.
Speaker #3: Well, I think it's really a combination of continuous very strong demand from our customer, but also that's very important, our ability to respond to that demand thanks to the strength of our supply chain.
Speaker #3: Manufacturing and the install team in the field. So if we look at the market demand, the end market demand, this has motivated our customer to increase their capex, but also accelerate all their plans.
Speaker #3: And this really creates a need for more systems, basically starting this year. We are doing the same on our side, extending output, extending basically our team so that we can support them moving forward.
Speaker #3: So that dynamic, we see both with logic and DRAM, and what we also see for both logic and DRAM is that our customers are getting long-term agreements with their own customers, which really invite them to commit for the long term because they have what I would call a quite unprecedented visibility on what will happen to the market.
Speaker #1: And if we start maybe and take a slightly deeper look then on logic first, maybe, and what you're seeing there specifically.
Speaker #3: Well, quite a bit happening with logic. So first, if we look at the existing advanced node, 5, 4, 3 nanometer, we see that our customers are trying to add a lot of capacity there now.
Speaker #3: And this is because there is a huge demand on those technologies coming from AI. At the same time, the 2 nanometer ramp is down as aggressively as possible.
Speaker #3: We see customers adding capacity, accelerating their plan, and they even start basically to look at the 1.4 nanometer ramp. So all of that together means that, you know, our revenue for advanced funding logic this year should increase by about 25%.
Speaker #1: And if we also look at memory in the same in that regard, what are you seeing there?
Speaker #3: Well, I think if we look at the price of memory today, either for DDR or for HBM, there is a clear need for more supply.
Speaker #3: And this is translating into again acceleration of capacity plan from our customer. So this is happening. With all customers and on top of that, as we discussed previously, the latest nodes are calling for more litho, for higher litho intensity, both on EUV but also advanced immersion.
Speaker #1: Yeah.
Speaker #3: So all of that together means that our revenue on memory this year will increase by 75%.
Speaker #1: Very good. So having said that then, what does that translate to in terms of our own business, you know, EUV, non-EUV, and what are you seeing there for example?
Speaker #3: Well, let me start with EUV, so quantifying a bit some of the statement I've made before. We will be able this year to ship about 65 low-end EUV machines.
Speaker #3: So this is the results basically of a lot of work done on our output. And this means that our EUV business will grow by about 45%.
Speaker #3: When it comes to deep UV, immersion first, we had to re-accelerate our output, and we are now happy that we'll be able to ship about 130 systems, which is about the level of last year.
Speaker #1: Yeah.
Speaker #3: After a strong re-acceleration of all our plans there.
Speaker #1: Yeah.
Speaker #3: Finally, when we look at deep UV dry, a lot of traction there, also capturing some customers with our dry products and the number of shipments is also going to increase quite a bit in 2026.
Speaker #1: And touching maybe a little bit then on our metrology and inspection business.
Speaker #3: Yeah. So there also a very strong growth. This year, two reasons for that. The first one is our customers are using more and more process control.
Speaker #3: This is because, of course, of more advanced, more complicated nodes. So this is, I would say, one of the trends. The second trend, to be honest, is a very strong adoption, increased adoption of our product, being either optical metrology or e-beam inspection, which basically all together drive very strong growth on inspection and metrology at SML.
Speaker #1: Yeah.
Speaker #3: So if you look at deep UV, metrology inspection together, we are looking at about 25% growth also in revenue in 2026.
Speaker #1: And then Roger, maybe turning quickly. Can you also give us an update on what we're seeing in terms of, you know, regionally, maybe with China, how are we we seeing things play there?
Speaker #2: Yeah, as we said, China, we still look at China as approximately 20% of our total net sales. So that percentage hasn't changed. Obviously, it's of a higher base, right?
Speaker #2: Just, you know, the total net sales for the companies we see today is higher than we anticipated at the beginning of the year. So in that sense, you could say that the Chinese market is moving in sync with the overall behavior that we see globally.
Speaker #2: If you really want to pinpoint it, so where is that extra demand in China? It is primarily in the logic business and then primarily catering to domestic net demand.
Speaker #1: You know, the other piece maybe is on install base management. I think we've had some very good momentum over recent quarters. Can you also and you've given a good guide, I think, for next Q.
Speaker #1: Can you talk a little bit about the dynamics we're seeing there?
Speaker #2: Yeah, I think I already mentioned a little bit, right? So the install base business, two main buckets. Obviously, the upgrade business that we talked about and, you know, as I said, customers in the current environment, you know, whatever they can do to increase productivity, they will take it.
Speaker #2: Particularly if it's instant upgrade of productivity. And we're increasingly in a position to give that to customers because a lot of the upgrade businesses, software-led, so it doesn't take a lot of machine time.
Speaker #2: So, you know, customers have an instant improvement of productivity. So we're already have quite a few of those products, but we're, you know, we're really driving that with quite some force to make sure that we have as many upgrade products available to customers as possible.
Speaker #2: And then obviously on the particularly on the EUV side, with the install base increasing the way it does, that also obviously means that the total service business is going up.
Speaker #2: So if you take those two buckets combined, we're looking at over 30% growth for the install base business this year.
Speaker #1: And so maybe, Roger, then following on from that, can you also give us some color on what on the gross margin and what you're you know, what are some of the drivers there?
Speaker #2: Yeah, so gross margin influence, of course, by what I just mentioned on the install base business, right? So the increase in upgrade business, obviously also leads to an increase in the gross margin.
Speaker #2: So that's an important driver for the gross margin this year. And the other one is the if you look at the system sales, it's a combination both of the volume.
Speaker #2: So with higher volume, we get better fixed cost coverage and that, of course, is helpful for the gross margin. But also there is a positive mix effect this year with, you know, strong performance both on the EUV side and also on the immersion side.
Speaker #1: And Christoph, maybe then looking a little bit longer term and beyond '26, what are the, you know, the conversations and the dynamics you're having, you know, in terms of discussions with customers, for example?
Speaker #3: Well, I think, you know, based on everything we have said so far, you can imagine that we're having very constructive discussion with our customer on the long term.
Speaker #3: Their own visibility to their business allow them to share with us also longer than I would say usual visibility on their business. And we're talking about, of course, about next year, but also beyond that.
Speaker #3: Now, this has also translated practically into very strong order booking through the first half of 2026.
Speaker #1: Mm-hmm.
Speaker #3: Now, if we look into more detail, starting with 2020, '27, there we are pretty much already close to receive all the orders we need for 2027.
Speaker #3: And this is with us heading about 30% capacity for EUV in 2027 versus 2026. When we look at 2028, we have received already a large number of orders from our customer for EUV.
Speaker #3: And this has also invited us very strongly to investigate another 30% increase in our EUV capacity for 2028. Now, of course, when EUV grows, deep UV grows as well.
Speaker #3: Immersion is going to be important. And there also, for 2027 and for 2028, we are going to look at a 30% increase of our capacity for both here.
Speaker #1: And then maybe if we can switch gears a little bit and if you can provide us with a little bit of an update on the technology front and maybe high NA, how are things going there?
Speaker #3: Well, maybe on high NA, I'd like to start with the press release. We had this morning about Intel. So as you may have read it, Intel is basically now using high NA in production on their most advanced product.
Speaker #3: So it's mean that some of the product you buy today from Intel have been created with an high NA machine. So this is, of course, a very important milestone.
Speaker #3: This is the proof of the maturity of the tool. We've talked a lot of about that in the last quarter. We are seeing that happening with all customer.
Speaker #3: And therefore, expect to enter that discussion with all our customer on how exactly and when exactly the tool will be inserted in high volume manufacturing.
Speaker #1: Can I ask you to share a little bit on our, you know, the timing of our next capital markets day?
Speaker #3: Well, I think we were all agree that a lot has happened in our market in the last few quarters. So I think we believe it's time to revisit our assumption, revisit a bit the analysis we have of the market.
Speaker #3: And we'd like to welcome all our investor on June 10th next year, 2027, for next capital market day. Which will be for us the opportunity to look again at the context of the market and define basically what it means a bit for the long term of ASML business.
Speaker #1: So with that, thank you, Roger. Thank you, Christoph.
Speaker #2: You're welcome.
Speaker #1: Q2 results, please?
Speaker #2: Sure. Sure. Total net sales for the Total net sales for the quarter came in quarter came in at at 9.3 9.3 billion, and we had a billion, and we had a gross margin gross margin of of 54%.
Speaker #1: Hello, and welcome to ASML's Q2 2026 2026 results video. Welcome, results video. Welcome, Christophe. Christophe. Welcome, Roger. Roger, can Welcome, Roger. Roger, can I start with you I start with you and ask you to give us a summary and ask you to give us a summary of our of our Q2 results, please?
Speaker #2: Both of 54%. Both of them, both the top line and also them, both the top line and also the gross the gross margin, above margin, above guidance.
Speaker #2: guidance. Main reason why it was above Main reason why it was above guidance is the guidance is the installed base business, the installed installed base business, the installed base business base business came in at came in at 2.8 2.8 billion.
Speaker #2: That is the 300 billion. That is the 300 million million more we expected as a more we expected as a result of the fact result of the fact that, you know, customers are really looking that, you know, customers are really looking for for productivity enhancements, and therefore productivity enhancements and therefore the upgrade the upgrade business was quite business was quite high.
Speaker #2: IT transformation. So that's So that's included in that included in that number. number. So all in all, I would say a So all in all, I would say a very strong very strong quarter, both from a market quarter, both from a market dynamic dynamic perspective and from an execution perspective and from an execution perspective.
Speaker #2: Net income high. Net income came in came in at 2.9 at 2.9 billion. In the 2.9 billion. In the 2.9 billion is billion is also an estimate of the also an estimate of the cost associated cost associated with the tech and with the tech and IT transformation.
Speaker #1: And then
Speaker #1: year 26?
Speaker #2: So the way we look at we look at Q3, we Q3, we guide total net guide total net sales sales between 11 and 12 between 11 and 12 billion, billion, or for or for Q3 with Q3 with a gross margin between a gross margin between 55 55 and and 57%.
Speaker #2: perspective.
Speaker #1: And then looking further ahead, can you looking further ahead, can you also provide us also provide us with a guide for with a guide for Q3 and then the full Q3 and then the full year 26?
Speaker #2: So the way
Speaker #2: Q3.
Speaker #1: We'll look at total year. We're year. We're looking looking at a at total net sales total net sales guided guided between 43 and between 43 and 45 billion and a 45 billion and a gross gross margin between 54 and margin between 54 and 56% for the full 56% for the full year.
Speaker #2: We're looking at an 57%. We're looking at an installed base installed base business of approximately business of approximately 2.9 2.9 billion for billion for Q3.
Speaker #1: We'll look at total
Speaker #1: about.
Speaker #2: Well, I think it's really a combination combination of a continuous, of a continuous, very strong us, very strong demand from our demand from our customer, but customer, but also that's very important, our also that's very important, our ability ability to respond to that demand thanks to respond to that demand thanks to the to the strength of our supply strength of our supply chain, chain, manufacturing, and manufacturing, and the install the install team in the team in the field.
Speaker #1: So then year. So then maybe maybe Christophe, if I can turn to you and ask you to Christophe, if I can turn to you and ask you to give us maybe give us maybe a sense of the market a sense of the market dynamics that have dynamics that have led to the led to the upgrade in upgrade in the guidance that Roger just the guidance that Roger just talked talked about.
Speaker #2: Well, I think it's really a
Speaker #2: So if we field. So if we look at the market demand, look at the market demand, the head market the head market demand, this has demand, this has motivated our motivated our customer to customer to increase increase their capex, but their capex, but also also accelerate all their accelerate all their plans.
Speaker #2: And this plans. And this really creates a need really creates a need for more for more systems, basically starting systems, basically starting this this year.
Speaker #2: We are doing the same year. We are doing the same on our on our side, extending side, extending output, output, extending basically our extending basically our team so that team so that we can support them moving we can support them moving forward.
Speaker #2: So that forward. So that dynamic, we dynamic, we see both with see both with Logic Logic and DRAM, and and DRAM, and what we also what we also see for both Logic and see for both Logic and DRAM is that DRAM is that our customer are our customer are getting getting long-term agreements with their own long-term agreement with their own customer customer which really invite which really invite them to them to commit for the long term commit for the long term because they because they have what I would call a have what I would call a quite unprecedented quite unprecedented visibility on visibility on what will happen to the market.
Speaker #2: What will happen to the market?
Speaker #1: And if we start if we start maybe take a maybe take a slightly slightly deeper look then on Logic first deeper look then on Logic first maybe, and what maybe, and what you're seeing there you're seeing there specifically.
Speaker #2: Well,
Speaker #1: And
Speaker #1: specifically.
Speaker #2: Well, quite a bit happening with quite a bit happening with Logic. Logic. So first, if we look at the So first, if we look at the existing existing advanced node, 5, advanced node, 5, 4 4 millimeter we see that our millimeter we see that our customer are customer are trying to add a lot of trying to add a lot of capacity there capacity there now, and this is now, and this is because there is a huge demand because there is a huge demand on both on both technology coming from technology coming from AI.
Speaker #2: At the same time, the AI. At the same time, the 2 nanometer 2 nanometer ramp is down as ramp is down as aggressively aggressively as possible.
Speaker #2: We see as possible. We see customer customer adding capacity, heading capacity accelerating their accelerating their plan, and they even start plan, and they even start basically to look basically to look at at the 1.4 the 1.4 nanometer nanometer ramp.
Speaker #2: 25%.
Speaker #1: And if we also look at memory in at memory in the same in that regard, what the same in that regard, what are you seeing are you seeing there?
Speaker #2: So all of that ramp. So all of that together means that, you together means that, you know, know, our revenue our revenue for for advanced funding Logic this advanced foundry Logic this year should year should increase by about increase by about 25%.
Speaker #1: there?
Speaker #2: Well, I think if we look at the price the price of memory today, either for of memory today, either for DDR or DDR or for HBM, there is a for HBM, there is a clear need clear need for more supply.
Speaker #1: And if we also look
Speaker #2: Well, I think if we look at...
Speaker #2: And for more supply. And this this is translating into is translating into again again acceleration of capacity acceleration of capacity plan from our plan from our customer.
Speaker #2: So this is customer. So this is happening. With all customer. happening. With all customer. And on top of And on top of that, as we discussed that, as we discussed previously, the latest node previously, the latest node are calling are calling for more litho, for for more litho, for higher litho higher litho intensity, both intensity, both on on EUV but also EUV but also advanced advanced immersion.
Speaker #2: 75%.
Speaker #1: Very good. So having So having said that, then what does said that, then what does that translate that translate to in terms of to in terms of our own our own business, you know, business, you know, EUV, EUV, non-EUV, what are non-EUV, what are you seeing you seeing there for example?
Speaker #2: So all immersion. So all of that of that together means that together means that our our revenue on memory revenue on memory this year will this year will increase by increase by 75%.
Speaker #1: Very good.
Speaker #2: Well, let me
Speaker #2: start with there for example? Well, let me start with EUV, so EUV, so quantifying a bit some of the statement I've quantifying a bit some of the statement I've made made before.
Speaker #2: We will be able this year before. We will be able this year to ship to ship about 65 about 65 low-end low-end EUV machines.
Speaker #2: So this is the EUV machines. So this is the results basically results basically of a lot of work done on of a lot of work done on our output.
Speaker #2: And our output. And this means this means that our that our EUV EUV business will grow by about business will grow by about 45%.
Speaker #2: When it 45%. When it comes comes to DPUV, to DPUV, immersion immersion first, we had to first, we had to re-accelerate re-accelerate our output, and our output, and we are now we are now happy that we'll be happy that we'll be able to able to ship about ship about 130 130 systems, which is about systems, which is about the level the level of last year.
Speaker #2: of last year. After a After a strong re-acceleration strong re-acceleration of all of all our plans there.
Speaker #2: our plans there.
Speaker #1: Yeah.
Speaker #2: 2026.
Speaker #1: Yeah.
Speaker #2: Finally, when we look at DPUV Finally, when we look at DPUV dry, dry, a lot of traction there a lot of traction there. Also also during some hearing some customer customer with our dry with our dry products and the number products and the number of shipments is also of shipments is also going to increase going to increase quite a bit in quite a bit in 2026.
Speaker #1: And touching maybe a little touching maybe a little bit then on our bit then on our metrology and inspection metrology and inspection business.
Speaker #1: business.
Speaker #2: Yeah. So they're also a very strong very strong growth. This growth. This year tourism for that, the year tourism for that, the first one first one is our customer are is our customer are using more and using more and more process control.
Speaker #1: And
Speaker #2: So this is, I would I would say, one of the say, one of the trends. The trends. The second trend, to be honest, is a second trend to be honest is a very very strong adoption, increased strong adoption, increased adoption of adoption of our product being the our product being the optical metrology or optical metrology or e-beam e-beam inspection, which inspection, which basically all basically all together drive very together drive very strong growth on strong growth on inspection and inspection and metrology ASML.
Speaker #2: Yeah. So they're also a
Speaker #2: This more process control. This is because of is because, of course, of more advanced, course of more advanced, more more complicated nodes. So this is, complicated nodes.
Speaker #1: And then
Speaker #2: So if metrology ASML. So if you look you look at DPUV, at DPUV, metrology inspection metrology inspection together, we are looking at about together, we are looking at about 25% growth also in 25% growth also in revenue in revenue in 2026.
Speaker #1: there?
Speaker #2: Yes. We said China, we still look at China as China, we still look at China as approximately approximately 20% of our 20% of our total total net sales.
Speaker #2: 2026.
Speaker #1: And then Roger, maybe turning Roger, maybe turning quickly could quickly could you also give us an update on what you also give us an update on what we're seeing in we're seeing in terms of, you know, regionally, terms of, you know, regionally maybe maybe with China, how we're seeing with China, how we're seeing things play things play there?
Speaker #2: Yes. We've said
Speaker #2: So that percentage net sales. So that percentage hasn't changed. hasn't changed. Obviously, it's of a higher Obviously it's of a higher base, right? base, right?
Speaker #2: It's, you know, the total net sales for the It's, you know, the total net sales for the companies we see companies we see today is higher than today is higher than we anticipated we anticipated at the beginning of the year.
Speaker #2: So in that at the beginning of the year. So in that sense you could say sense, you could say that the Chinese market is that the Chinese market is moving, moving, you know, in sync with you know, in sync with the the overall behavior that we see overall behavior that we see globally.
Speaker #1: You
Speaker #1: I think we've had some very good good momentum over recent momentum over recent quarters can you quarters can you also and you've given a good guide, I also and you've given a good guide I think for think, for next Q.
Speaker #2: If you really want to globally. If you really want to pinpoint it to pinpoint it to where is that extra where is that extra demand in demand in China, it is primarily in China, it is primarily in the logic the Logic business and then business and then primarily catering to primarily catering to domestic net domestic net demand.
Speaker #1: dynamics we're seeing there?
Speaker #2: Yeah. I think I already think I already mentioned a little bit, right? So mentioned a little bit, right? So the install base the install base business, two main business, two main buckets.
Speaker #2: demand.
Speaker #1: You know, the other piece maybe is know, the other piece maybe is on install on install base management. I think we've had some very base management.
Speaker #1: Can you talk a little bit about next quarter? Can you talk a little bit about the dynamics we're seeing there?
Speaker #2: Yeah, I
Speaker #2: Obviously, the upgrade buckets. Obviously the upgrade business that business that we talked about and, you we talked about and, you know, as I know, as I said, customers said, customers in the current in the current environment, you know, whatever environment, you know, whatever they can do to they can do to increase productivity, they will increase productivity, they will take it.
Speaker #2: So, you know, customers have an instant customers have an instant improvement of improvement of productivity. So productivity. So we're, I guess, we're, I guess, quite a few of those products, quite a few of those products, but we're, you but we're, you know, we're really driving know, we're really driving that with that with quite some force to make sure that we quite some force to make sure that we have as many have as many upgrade products upgrade products available to available to customers as customers as possible.
Speaker #2: take it. Particularly if it's Particularly if it's instant instant upgrade of upgrade of productivity. And productivity. And we're increasingly in a position to we're increasingly in a position to give that to give that to customers because a lot of the customers because a lot of the upgrade upgrade business is software-led.
Speaker #2: So, it business is software-led, so it doesn't take a lot—doesn't take a lot of machine time, you know—of machine time.
Speaker #2: And possible. And then obviously on then obviously on the particularly on the the particularly on the EUV EUV side, with the side, with the install install base increasing the way it base increasing the way it does, that also does, that also obviously means that the total obviously means that the total service service business is going up.
Speaker #2: business this year.
Speaker #1: And so maybe Roger maybe Roger then following on from that, can you also then following on from that, can you also give give us some color on us some color on the gross the gross margin and what you're, you margin and what you're, you know, what are some know, what are some of the drivers there?
Speaker #2: So if you business is going up. So if you take those two take those two buckets combined, we're buckets combined, we're looking at looking at over 30% growth for the over 30% growth for the install base install base business this year.
Speaker #1: of the drivers there?
Speaker #2: Yeah. So gross margin margin influence, of course, by what I just influence, of course, by what I just mentioned on mentioned on the install base business, right?
Speaker #2: the install base business, right? So the So the increase in upgrade increase in upgrade business, business, obviously also leads to an increase obviously also leads to an increase in the gross in the gross margin.
Speaker #1: And so
Speaker #2: Yeah. So gross
Speaker #2: And the other other one is the, if you look one is the, if you look at at the system sales, let's say the system sales, let's say combination combination both of the volume, so with both of the volume, so with higher higher volume we get better fixed volume we get better fixed cost cost coverage and that of course is helpful for the coverage and that of course is helpful for the gross gross margin.
Speaker #2: So that's an important margin. So that's an important driver for the driver for the gross gross margin margin this year. And the this year.
Speaker #2: side.
Speaker #1: And Christophe, maybe Christophe, maybe then looking a little bit longer then looking a little bit longer term and term and beyond 2026, what are the beyond 2026, what are the conversations that you're having, you know, in terms conversations that you're having, you know, in terms of of discussions with customers for discussions with customers for example?
Speaker #2: But also there is a positive margin. But also there is a positive mix mix effect this year effect this year with, you know, with, you know, strong performance both on the strong performance both on the EUV EUV side and also on the immersion side and also on the immersion side.
Speaker #2: Well, I
Speaker #1: And
Speaker #1: example?
Speaker #2: Well, I think, you know, based on everything think, you know, based on everything we've said so we've said so far, you can imagine far, you can imagine that we're that we're having very productive having very attractive discussion with discussion with our customer on the long our customer on the long term.
Speaker #2: Their own term. Their own visibility, their visibility, their business allows them to share business allows them to share with with us also us also longer longer than, I would say, usual than I would say usual visibility on their business.
Speaker #2: And we're visibility on their business. And we're talking of course talking, of course, about next year, but about next year, but also also beyond that.
Speaker #2: Now if 2026. Now, if we look into more details, we look into more details starting with I think with 2027, there we are pretty 2027, there we are pretty much much already already close close to receive all the orders to receive all the orders we we need for need for 2027.
Speaker #2: Now, this beyond that. Now this is also is also translated practically translated practically into very into very strong order strong order booking through the first half booking through the first half of of 2026.
Speaker #2: 2026. When we look When we look at 2028, at 2028, we have we have received already a large received already a large number number of orders from our of orders from our customer for customer for EUV, and this has EUV.
Speaker #2: 2027. And this is And this is with us with us adding about adding about 30% 30% capacity for capacity for EUV EUV 2027 versus 2027 versus 2026.
Speaker #2: And this has also also invited us very strongly invited us very strongly to to investigate another investigate another 30% 30% increase in our EUV increase in our EUV capacity capacity for for 2028.
Speaker #2: 2028. Now, of course, when Now of course when EUV EUV grows DPUV grows DPUV grows as grows as well, immersion is going to well, immersion is going to be be important.
Speaker #2: here.
Speaker #1: And then maybe we can switch gears a little gears a little bit and see if you can provide bit and if you can provide us with a little us with a little bit of an update on bit of an update on technology front technology front and maybe how and maybe how it.
Speaker #2: And there also, for important. And there also for 2027 and for 2027 and for 2028, we are going to look 2028 we are going to look at a at a 30% increase of our 30% increase of our capacity capacity for both for both here.
Speaker #1: it.
Speaker #2: Well, maybe on INA I'll I'll start with the press release. start with the press release. We had We had this morning about this morning about Intel Intel or as we have read or as we have read it, it, Intel is Intel is basically now basically now using INA using INA in in return on their return on their postment postment product, which means some of the product, which means some of the products you products you buy today buy today have have been created with a been created with a new new INA machine.
Speaker #1: And then maybe we can switch.
Speaker #2: Well, maybe on INA,
Speaker #2: So, this is—of INA machine. So, this is of course a very important milestone. This is a very important milestone. This is a proof—this is a proof of the maturity of the tool.
Speaker #2: We've of the maturity of the tool. We've talked a lot talked a lot of about that in the last of about that in the last quarter.
Speaker #2: We are seeing quarter. We are seeing that that happening with one happening with all customer and therefore customers and therefore expect to expect to enter that with all enter that with all our our customer on how customer on how exactly and when exactly and when exactly the tool exactly the tool will will be implemented in high volume be implemented in high volume manufacturing.
Speaker #1: Can I
Speaker #2: manufacturing.
Speaker #1: Can I ask you to share a ask you to share a little bit little bit on our, you know, the on our, you know, the timing of timing of our next couple of markets our next couple of markets today?
Speaker #1: today?
Speaker #2: Well, I think we will all agree Well, I think we will all agree that a that a lot has happened in lot has happened in our market our market in the last few in the last few quarters.
Speaker #2: quarters. I believe it's time to I believe it's time to revisit our revisit our assumption, revisit a bit the analysis assumption, revisit a bit the analysis we have of the we have of the market, and we'd like to market and we'd like to welcome all our investors on welcome all our investors on June June 10th next year, 10th next year, 2027, or next capital 2027, or next capital market market day.
Speaker #1: So
Speaker #2: You're
Speaker #2: Which will be for us day. Which will be for us the the opportunity to look again at the opportunity to look again at the context, the market, and context, the market and define define basically what it means a basically what it means a bit on the bit on the long term of ASML long term of ASML business.
Speaker #2: business.
Speaker #1: So with that, thank you. With that, thank you, Roger.
Speaker #1: Roger.
