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TSMC Revenue Jumps 34%, ASML Boosts Capacity 30% Annually

7/20/2026

26 3 Full Breakdown

Summary

Story summary

TSMC posted Q2 revenue up 34% and gross margin up 910 basis points to 67.6%, and trades at a forward P/E of 19× for 2027 estimates.
ASML reported Q2 revenue up 21% and gross margin up 30 basis points to 54%, and trades at a forward P/E of 30.5×.
ASML will raise EUV lithography capacity by 30% in 2026, another 30% in 2027, and may add 30% in 2028.

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Story summary

TSMC posted Q2 revenue up 34% and gross margin up 910 basis points to 67.6%, and trades at a forward P/E of 19× for 2027 estimates.
ASML reported Q2 revenue up 21% and gross margin up 30 basis points to 54%, and trades at a forward P/E of 30.5×.
ASML will raise EUV lithography capacity by 30% in 2026, another 30% in 2027, and may add 30% in 2028.