- ASML reported Q3 net profit of 4.96 billion euros versus 4.1 billion euros expected by LSEG, while Q3 net sales of 11.66 billion euros missed the 11.72 billion euro consensus.
- ASML narrowed its FY26 net sales forecast to 44 billion to 45 billion euros, up from a previous lower end of 43 billion euros.
- ASML guided Q4 net sales to 14.2 billion to 15.2 billion euros, with the upper end above LSEG consensus of 14.2 billion euros.
- CEO Christophe Fouquet said some customers are interested in ordering for 2029 and 2030, giving investors a longer-term demand signal.
- ASML said current supply planned for 2027 and 2028 will not fully meet customer demand and is investigating capacity increases for 2028 beyond the previously forecast 30%.
- ASML expects China to account for 20% of its total business, sticking to its prior forecast.
Quotes
“Our customers continue to increase their short- and medium-term equipment demand forecasts with us, driven primarily by their views on the size and duration of AI-related investments”
“some customers are expressing an interest in placing orders with us for 2029 and even 2030.”