Overview
- ASML reported a record third quarter with €11.7 billion in net sales and about €5.0 billion in net income and raised full‑year sales guidance to €44–45 billion.
- Extreme ultraviolet (EUV) systems drove results, accounting for roughly half of system sales and leaving ASML’s EUV order book sold out into 2028.
- Management gave Q4 guidance of €14.2–15.2 billion in sales and an expected gross margin around 56–57 percent.
- The stock fell roughly 12 percent in October as investors sold AI‑linked chip names after profit warnings and supply warnings from peers and unsettling inflation data.
- With demand strong, the central near‑term risk is execution: ASML is weighing tool upgrades, higher‑throughput models and factory expansion to meet backlog while supply strains at peers could slow deliveries to chipmakers and delay AI hardware rollouts.