ASML, the world's only maker of extreme ultraviolet (EUV) lithography machines used by TSMC, Intel and Samsung, is set to report third-quarter earnings on Wednesday. Its stock is up 64% this year but has traded sideways in recent months. Analysts expect revenue to rise 56% to €11.7 billion ($13.1 billion) and adjusted EPS to nearly double, from €5.49 to €10.76. The company projects more than 75% growth in memory systems this year on HBM demand and has raised its 2026 guidance to €43–45 billion from €36–40 billion. With the stock roughly doubled over the past year and trading at a P/E of 57, the author still calls it a strong buy given its EUV monopoly and momentum, while noting quarterly results are hard to predict.
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