ASML

ASML

Market cap $665B

ASML , the biggest supplier of equipment used to manufacture AI chips, reports quarterly earnings on Wednesday ​looking to justify its chunky valuation and demonstrate how it will contend with U.S. moves to block exports to China.

In the second quarter of 2026, the Baird Chautauqua International Growth Fund Net Investor Class returned +10.39%, underperforming the MSCI ACWI ex-U.S. Index® ND, which returned +14.49%. The largest relative detractors were Alibaba, Lululemon, and Brookfield Renewable, while the largest relative contributors were Recruit, ASML, and Keyence. The Baird Chautauqua Global Growth Fund Net Investor Class returned +12.18% during the quarter, underperforming the MSCI ACWI Index® ND, which returned +14.93%.

ASML stock is up 60% so far this year. The company plays a key role in the semiconductor industry.

ASML Holding is set to release its latest quarterly results ahead of the opening bell on Wednesday, and traders are expecting a big move from the stock to follow.

Own ASML Holding (NASDAQ:ASML | ASML Price Prediction) before the opening bell on July 15 when the company reports Q2 results and almost certainly reiterates a raised full-year outlook the market is still underpricing.

The Dutch semiconductor-equipment manufacturer is reporting its second-quarter results on Wednesday, with analysts expecting a 15% rise in earnings per share year-over-year.

Big banks kick off earnings season this week, which will also bring reports from GE Aerospace, Netflix, and Taiwan Semi. In economic news, we'll get the consumer and producer price indexes, and retail sales data.

Mar Vista's U.S. Quality Premier strategy returned +10.15% net-of-fees in the second quarter of 2026. GE Aerospace, Alphabet and Taiwan Semiconductor Manufacturing were among the portfolio's top contributors for the quarter, appreciating +31.70%, + 23.25%, and + 41.57%, respectively. During the quarter, we initiated new investments in ASML Holding and exited our position in Intuit.

Financial stocks will dominate the upcoming earnings calendar. Also, earnings from semiconductor makers ASML and Taiwan Semiconductor are due.

ASML Holding's Q2 outlook points to strong growth, but a lofty valuation, China export curbs and rising competition warrant caution ahead of results.