Alphabet stock dropped over 7% despite an 82% growth in cloud revenue after datacenter spending pushed its capital expenditure toward $205 billion and turned its free cash flow negative for the first time since 2004.
Alongside ASML, fellow Dutch suppliers ASMI and BESI form a dominant trio in Amsterdam's tech sector.
ASML reported second-quarter 2026 revenue of €9.3 billion, a gross margin of 54.0%, and a net profit of €2.9 billion, while raising its full-year revenue outlook to between €43 billion and €45 billion.
ASML's market capitalization hovered around €600 billion as of July 24, 2026.
ASMI recorded first-quarter 2026 revenue of €863 million with an adjusted operating margin of 33.1% and a market value of roughly €43 billion.
>>> Madison Leaders Withdraw Amendments to End Police Oversight Dispute
BESI reported second-quarter revenue up 68.7% year-over-year to €249.9 million, net income rising 177.3% to €89.0 million, and a 128.8% increase in order bookings to €292.9 million, driving an expected Q3 revenue growth of 10% to 15%.
