12:39 AM EDT, 07/16/2026 (MT Newswires) -- AlphaValue/Baader Europe revised its rating and earnings forecasts for ASML (ASML.AS) as part of a model update to reflect the Dutch semiconductor equipment maker's "outstanding" second-quarter results. "As ASML has also increased its revenue guidance, we have incorporated it into our model, and we now expect FY 26 revenue at EUR44.95bn, with considerable growth coming in FY 27 additionally. The company has also increased its gross margin from 54% to 56%, which increases the overall profitability in our model. The memory and logic investments related to AI are being deployed aggressively, and ASML is the main pillar in that deployment," according to a Wednesday note. ASML now expects to deliver full-year 2026 net sales between 43 billion euros and 45 billion euros. The research firm also noted the company's plans to scale its manufacturing capacity for its extreme ultraviolet lithography systems and deep ultraviolet lithography systems amid "extremely strong" first-half order intake. As a result, analysts boosted their EPS projections for full-year 2026 and 2027 by 20.3% and 33.2%, respectively, to 37.2 euros and 51.1 euros. AlphaValue/Baader Europe also revised its rating to reduce from sell, with a price target of 1,516 euros.

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