News about ASML

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 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.

ASML reported record third-quarter results on Oct. 14, with revenue of €11.7 billion, up 56% year over year, a gross margin of 57.5%, and earnings per share up 136% to €12.95, and it raised its full-year guidance. The company expects €14.7 billion in revenue for the current quarter at the midpoint of its range. CEO Christophe Fouquet said customers don't expect supply to catch up with demand until at least 2028, while ASML aims to raise supply by 30% in both 2027 and 2028. The article argues that concerns about AI infrastructure spending may be overblown and, assuming 45% annual earnings growth, suggests the stock could rise about 72%, though it trades at 29 times forward earnings.

ASML, the only supplier of the machines that print the most advanced chip patterns, reported third-quarter net sales of 11.7 billion euros and net income of 5.0 billion euros on October 14. The bigger news is that the company does not expect to build enough machines to meet customer demand in 2027 or 2028. It is looking at ways to add capacity beyond the 30% increase it had already promised, and some customers are interested in orders for 2029 and 2030. Because ASML stopped publishing quarterly orders this year, that demand is closer to a statement of intent than a contract, and customer delays and government export rules are risks the company cannot control. The article argues the shortage, rather than the monopoly, better justifies the valuation, with shares at 28.90 times next year's expected earnings versus 59.89 times over the past year.