ASML Q2 pre-earnings: JPMorgan is bullish, with the target price up to $2,200, indicating 24% upside from the current level.

Mars Finance News, lithography giant ASML will announce its second-quarter 2026 earnings on July 15. Due to the recent escalation of market concerns over the sustainability of artificial intelligence (AI) capital expenditures, ASML, which sits upstream in the AI supply chain, has seen its stock price underperform — its U.S. shares have fallen over 11% cumulatively since July. In a research note released recently, JPMorgan provided a preview of ASML's second-quarter earnings and stated that the company needs to signal capacity expansion and robust demand in 2027 and beyond for its stock price to break out. The bank believes that ASML's growth in 2027 is expected to significantly exceed the overall global wafer fab equipment (WFE) market growth. This will not be achievable in 2026, as delayed customer order initiation (starting in December 2025) left the supply chain unable to ramp up capacity in time to deliver more EUV equipment in 2026. JPMorgan gave ASML an "Overweight" rating with a price target of $2,200, representing approximately 24% upside from Wednesday's closing price of $1,768.65. (Cailianshe)
ASML1.98%
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