Highlights of the HL-LHC physics projections by ATLAS and CMS

The ATLAS and CMS experiments are unique drivers of our fundamental understanding of nature at the energy frontier. In this contribution to the update of the European Strategy for Particle Physics, we update the physics reach of these experiments at the High-Luminosity LHC (HL-LHC) in a few key areas where they will dominate the state-of-the-art for decades to come.