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ASML Q3 Profit More Than Doubles to €4.96 Billion as Customers Ask About Orders for 2030

Business · By: AIReport Admin · 1 hour ago · 👁 5
ASML Q3 Profit More Than Doubles to €4.96 Billion as Customers Ask About Orders for 2030

ASML said some customers are already expressing interest in placing orders for 2029 and even 2030 as it reported third-quarter net profit of €4.96 billion — more than double a year earlier and above the €4.1 billion analysts expected. The lithography monopoly raised the bottom of its 2026 sales guidance to €44-45 billion and admitted supply planned for 2027 and 2028 will not fully meet demand.

ASML, the Dutch company with a global monopoly on extreme ultraviolet (EUV) lithography machines, reported third-quarter net profit of €4.96 billion on Wednesday — up 133% from a year earlier and well ahead of the roughly €4.1 billion analysts expected. Net sales came in at €11.66 billion, up 55% year on year and just shy of the €11.72 billion consensus, while gross margin reached 57.5%, above the company's own guidance.

The headline was not the quarter itself but what customers said about the years ahead. "Our customers continue to increase their short- and medium-term equipment demand forecasts with us, driven primarily by their views on the size and duration of AI-related investments," CEO Christophe Fouquet said in the earnings statement. "In light of their demand visibility, some customers are expressing an interest in placing orders with us for 2029 and even 2030."

Supply is the binding constraint. ASML said the capacity it currently plans for 2027 and 2028 will not fully meet customer demand, and that it is "investigating ways" to lift 2028 capacity beyond the 30% increase it had previously forecast. During the quarter it shipped 113 new lithography systems — 17 of them EUV — plus 8 used machines, and reported net bookings of €5.4 billion, with order intake climbing quarter by quarter through the year.

Guidance moved up again — the third upgrade this year. Fourth-quarter net sales are expected between €14.2 billion and €15.2 billion, with the top end above the €14.2 billion LSEG consensus, and gross margin around 57%. For the full year, ASML now expects €44-45 billion in net sales, raising the bottom of the range from €43 billion, implying growth of roughly 36% over 2025.

The profit beat came mostly from the installed base rather than new tools. Revenue from servicing and upgrading machines already in fabs reached €3.29 billion, ahead of the roughly €2.9 billion guided, growing 19% year on year as customers squeeze more wafer output from existing equipment. CFO Roger Dassen said ASML has completed talks with major customers on value-based price increases, an effect not yet visible in 2026 margins but expected to build from 2027 and be fully reflected in 2028 and beyond.

Two strategic markers frame the longer arc. Samsung and TSMC — the two largest chipmakers in the world — committed during the quarter to adopting High NA EUV, the next-generation tool ASML positions as its main growth engine. And ASML maintained its forecast that China will account for about 20% of total sales, even though it remains restricted from selling EUV and some DUV tools into the country.

The market reaction was split. Shares rose about 2% in early European trading, adding to a 56% gain this year; the New York-listed line fell more than 4% in after-hours trade, a reminder that investors want hard bookings rather than guidance language before they re-rate AI demand. ASML also bought back about €4.1 billion of its own stock in the quarter under its 2026-2028 program and declared an interim dividend of €1.88 per share, payable on November 4.

ASML's machines are the choke point of advanced chipmaking, which makes its order book the cleanest public read on how long the AI buildout lasts. Order interest reaching out to 2030 does not guarantee orders — interest is not a booking — but combined with a supply plan that still cannot keep up, it suggests the industry's constraint has shifted from demand to how fast equipment can be built and delivered.

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