ASML and TSMC Report Q2 Earnings This Week, Expected to Signal AI Market Sentiment

According to B. Riley, ASML and Taiwan Semiconductor Manufacturing Company (TSMC) will report second-quarter earnings on July 15 and 16 respectively, with their guidance expected to define market sentiment for AI and semiconductors. The two companies are viewed as bellwethers for global semiconductor and equipment industry conditions, directly reflecting technology giants' investment trends in AI.

B. Riley estimates global wafer equipment spending has already exceeded prior expectations of $140 billion and is forecast to surpass $170 billion in fiscal 2027. Additionally, TSMC's capital expenditure plans and revenue guidance adjustments—potentially up 500 basis points if CPU is reclassified as high-performance computing, translating to 35% year-over-year growth—will be critical indicators of industry expansion pace.