ASML reported record third-quarter 2026 revenue of €11.7 billion, up 56% year over year, with gross margin rising to 57.5% and EPS jumping 136% to €12.95, and it raised its full-year guidance. As the sole maker of EUV lithography machines for advanced chips, it benefits from AI data center demand, and customers do not expect supply to catch up with demand until at least 2028. The company forecasts about €14.7 billion in revenue for the current quarter, up 51%. The stock trades at 29 times forward earnings versus 20 times for the S&P 500, a premium the article argues is justified by expected 2026 earnings growth of 67%. The article also outlines a scenario in which earnings grow 45% a year in 2027 and 2028 and the multiple holds at 29x, implying a share price near $2,827 by 2028.
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- ASML is the Most Important Company in the AI Ecosystem, and It Just Delivered Record Results. Here's Where the Stock Will Be in 2028
ASML reported record third-quarter 2026 revenue of 11.7 billion euros, up 56% from a year earlier, with gross margin rising to 57.5% and earnings per share up 136% to 12.95 euros, and it raised full-year guidance. CEO Christophe Fouquet said customers do not expect supply to catch up with demand until 2028, even with plans to increase supply by 30% in 2027 and 2028. For the current quarter, guidance is 14.7 billion euros in revenue, a 51% rise, with a 57% gross margin. The article says the stock trades at 29 times forward earnings versus 20 for the S&P 500, with consensus expecting 67% earnings growth in 2026 against 32% for the index. Its scenario assumes 45% annual earnings growth in 2027 and 2028 and an unchanged 29x multiple, which would imply a price of $2,827 in 2028, or 72% upside.
- ASML is the Most Important Company in the AI Ecosystem , and It Just Delivered Record Results . Here Where the Stock Will Be in 2028
ASML reported record third-quarter results on October 14 and raised its full-year guidance. Revenue reached 11.7 billion euros, up 56% year over year, with gross margin rising to 57.5% and earnings per share jumping 136% to 12.95 euros. CEO Christophe Fouquet said supply is not expected to catch up with demand until at least 2028, and guidance calls for 14.7 billion euros in revenue next quarter, up 51%. The stock trades at 29 times forward earnings, a premium to the S&P 500's 20, which the author says is justified by expected growth. Assuming 45% annual earnings growth in 2027 and 2028, the author projects EPS of 97.49 USD and a stock price of 2,827 USD by 2028, implying 72% upside.
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