ASML reported third-quarter revenue up 55% to 11.66 billion euros, slightly below the 11.72 billion euro estimate, while earnings per share rose to 12.93 euros from 5.48 euros, well above the 10.76 euro consensus. Gross margin reached 57.5% and operating margin expanded from 32.8% to 44.4% with operating expenses nearly flat, and ASML raised its full-year revenue guidance to 44 billion-45 billion euros. It expects fourth-quarter revenue of 14.2 billion-15.2 billion euros, and CEO Christophe Fouquet said some customers want to place orders for 2029 and 2030, while supply will not meet demand in 2027 and 2028. The article says this points to a bottleneck lasting several more years, which is good news for Micron because ASML is the sole maker of the EUV machines needed for HBM4 memory, even as chip stocks have been pressured by rate concerns.
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