ASML's Q3 net income beats, helped by demand for productivity upgrades in installed systems

ASML Holding

14/10/2026 06:11

Overview
Netherlands semiconductor equipment supplier's Q3 revenue was a slight miss, net income beat expectations
Company Q3 gross margin improved to 57.5%
Company repurchased €4.1 bln in shares during Q3

Outlook
ASML sees Q4 2026 net sales between €14.2 bln and €15.2 bln
Company expects Q4 2026 gross margin around 57%
ASML expects 2026 net sales of €44 bln to €45 bln, gross margin around 56%

Result Drivers
PRODUCTIVITY UPGRADES - Co said strong demand for productivity upgrades in Installed Base Management drove gross margin above guidance
SYSTEM SALES - Co reported increased sales of new lithography systems in Q3
AI INVESTMENTS - Co said rising customer equipment demand was driven by expectations for AI-related investments

Company press release: ID:nGNE1zB51p

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
EUR 11.66 bln
EUR 11.72 bln (16 Analysts)
Q3 Net Income
Beat
EUR 4.96 bln
EUR 4.05 bln (15 Analysts)
Q3 Gross Margin
 
57.50%
 
Q3 Basic EPS
 
EUR 12.95
 
Q3 Gross Profit
 
EUR 6.70 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 31 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for ASML Holding N.V. is €2,100.00, about 39.1% above its October 13 closing price of €1,509.60
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 46 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)