Overview
- ASML reported a record third quarter with revenue around €11.66 billion and net profit near €4.96 billion, and it lifted full-year 2026 revenue guidance to €44–45 billion.
- The company announced a €1.88 interim dividend and said revenue from upgrades and services helped lift margins in the quarter.
- Executives said customer demand tied to artificial intelligence exceeds planned supply, with some customers signalling interest in orders for 2029–2030 and ASML exploring boosting 2028 capacity beyond its prior 30% annual expansion target.
- ASML has begun major capacity projects, including a new Eindhoven campus, but its shares have shown volatility as investors weigh a roughly €600 billion market value against the risk that high growth expectations are already priced in.
- A structural risk to ASML’s outlook is tighter export controls: EUV machines have not been shipped to China and proposed U.S. measures such as the 'Match Act' could further restrict DUV exports and reshape future revenue geography.