ASML has raised its 2026 fiscal year guidance for the second time in three months, according to research firm SemiAnalysis. The company's latest second-quarter earnings report highlights a strengthening upward cycle in the semiconductor equipment industry. Key indicators include extended order visibility to 2028, proactive capacity expansion plans, and increased shipments of DUV immersion lithography systems. SemiAnalysis notes that ASML's management is preparing for price hikes on similar products and anticipates continued growth in upgrade services. These developments suggest potential upside to current market revenue expectations for ASML, with further long-term guidance increases likely.