𝐀𝐒𝐌𝐋 𝐐𝟑 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐒𝐦𝐚𝐬𝐡 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬 𝐑𝐚𝐢𝐬𝐞𝐬 𝐅𝐘𝟐𝟎𝟐𝟔 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐚𝐬 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐃𝐞𝐦𝐚𝐧𝐝

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📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• EPS: €12.95 (Est. €10.60) ✅

• Net Sales: €11.66B (Est. €11.56B) ✅

• Gross Margin: 57.5% (Est. 54.8%) ✅

• Net Income: €5.0B (Est. €4.06B) ✅

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🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

• Q4 2026 Net Sales: €14.2B–€15.2B, midpoint €14.7B (Est. €13.8B) ✅

• Q4 2026 Gross Margin: ~57% (Est. 54.9%) ✅

• Q4 2026 R&D Costs: ~€1.2B.

• Q4 2026 SG&A Costs: ~€400M.

• FY2026 Net Sales: €44B–€45B, midpoint €44.5B (Est. €43.73B) ✅

• FY2026 Gross Margin: ~56% (Est. 54.0%) ✅

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Q3 EPS beat consensus by ~22.2%, while net sales exceeded estimates by ~0.9%.

• Gross margin reached 57.5%, beating expectations by 270 bps, while net income topped consensus by ~23.2%.

• Q4 revenue guidance midpoint of €14.7B stands ~6.5% above consensus, with gross margin expected to remain elevated at ~57%.

• FY2026 revenue guidance midpoint of €44.5B is ~1.8% above consensus, with gross margin guidance 200 bps above estimates.

• ASML expects planned supply capacity for both 2027 and 2028 to fall short of customer demand.

• The company is exploring ways to expand 2028 capacity beyond its previously communicated 30% increase.

• ASML repurchased ~€4.1B in shares during Q3 and declared an interim dividend of €1.88 per share.

𝐀𝐒𝐌𝐋: 𝐐𝟑 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐒𝐦𝐚𝐬𝐡 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬, 𝐑𝐚𝐢𝐬𝐞𝐬 𝐅𝐘𝟐𝟎𝟐𝟔 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐚𝐬 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐃𝐞𝐦𝐚𝐧𝐝