ASML posts €11.7 billion Q3 sales and raises capacity concerns
The chip-equipment maker reported higher quarterly sales and profit, and forecast fourth-quarter revenue of up to €15.2 billion.
Key takeaways
- Q3 net sales were €11.7 billion and net income was €5.0 billion.
- ASML expects 2026 net sales of €44 billion to €45 billion.
- The company said planned supply for 2027 and 2028 will not meet customer demand.
ASML reported third-quarter net sales of €11.7 billion and net income of €5.0 billion, up from €9,326 million and €2,918 million, respectively, in the prior quarter. Gross margin rose to 57.5% from 54%.
The company forecast fourth-quarter net sales of €14.2 billion to €15.2 billion, with a gross margin around 57%. For full-year 2026, it expects sales of €44 billion to €45 billion and a gross margin around 56%.
Chief Executive Christophe Fouquet said customers were raising short- and medium-term equipment demand forecasts, driven mainly by their expectations for the scale and duration of AI investments. Some customers have expressed interest in placing orders for 2029 and 2030, he said.
ASML said its planned supply for 2027 and 2028 will not fully meet customer demand. The company is exploring ways to expand 2028 capacity beyond a previously communicated 30% increase.
ASML also said it bought about €4.1 billion of shares in the third quarter under its 2026–2028 buyback program. An interim dividend of €1.88 per ordinary share is due to be paid on November 4.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
