ASML is the only company that builds EUV lithography machines, which makes it the narrowest point in the entire semiconductor supply chain and the most effective instrument of export control ever handed to a government. Its order book is read less as a sales figure than as a forecast of where leading-edge capacity will exist three years from now.
ASML Total net sales (EUR bn) by period. Q2 26: 9.3. +20.8% year on year.
XPeng's gross margin rose from 17.3% to 20.7% over a year in which its cars got less profitable, not more. Both numbers come from the same filing. Here is how that works.
12 Sept 2026 · Deep dive · 8 min
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