Overview
- ASML reported record third-quarter results and on Wednesday, October 14, 2026 raised its full‑year sales guidance to €44–45 billion while warning that planned 2027–2028 output will not meet customer demand.
- The company says AI-driven orders now exceed its capacity plans even after a previously announced 30% capacity rise for 2027 and another 30% for 2028, and customers are signalling interest in orders for 2029 and 2030.
- To close the gap ASML is evaluating faster facility expansion at its Eindhoven campus, upgrades to installed tools, and new higher‑throughput machine variants that would boost wafer output per unit.
- The mismatch matters because ASML is the sole maker of the extreme ultraviolet (EUV) lithography systems used to print leading‑edge logic and memory chips, so its supply limits can delay chipmakers’ fab schedules and data‑center builds.
- Investors are re‑pricing the stock as analysts weigh execution risk from long lead times for machines, export restrictions that affect market access, and the chance that unmet 2027–2028 supply will push revenue into later years.