ASML Beats Q3, Raises 2026 Outlook as AI Demand Stretches Capacity Beyond 2028
ASML sits 84% above its 52-week low of $946.11.
Summary
ASML reported Q3 sales of €11.7B, beating the $13.18B consensus, with net income of €5B and gross margin of 57.5%. EPS came in at $14.88 versus the $12.47 estimate. The company raised the lower end of its full-year 2026 sales guidance to €44-45B from €43-45B and guided Q4 sales to €14.2-15.2B, above the €14.2B consensus. CEO Christophe Fouquet said customers are already discussing orders for 2029-2030 and that planned 2027-2028 supply will not meet demand, prompting exploration of expansion beyond the previously announced 30% capacity increase. This follows last week's comments that the industry has shifted from expecting a flat market to scrambling to meet AI demand. Broadcom CEO Hock Tan's warning about capital constraints adds a note of caution, but ASML's sole position in EUV lithography makes the raised outlook highly material.
Updates
· SEC 6-K — ASML's 6-K confirms Q3 net sales of €11.7B, net income of €5.0B, and FY26 sales guidance of €44–45B with gross margin around 56%.
At the time of this announcement, ASML was trading at $1,744.16 on NASDAQ in the Technology sector, with a market capitalization of approximately $645.7B. The 52-week trading range was $946.11 to $1,999.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.