ASML (ASML) Q3 2026 Earnings
Includes a €509.7 million gain on equity investments in Q3 2026, which had no comparable amount in Q3 2025
How Did ASML Stock React to Q3 2026 Earnings?
Did ASML Beat Earnings? Q3 2026 Results
Yes. ASML reported Q3 2026 earnings of $14.48 a share on Oct 14, 2026, beating the $10.66 consensus estimate by 35.8%. Revenue was $13.1B against a $11.7B estimate.
ASML Holding delivered a blowout third quarter for fiscal 2026, extending its beat streak to four consecutive quarters as the Dutch lithography giant posted GAAP EPS of $14.48 against a consensus estimate of $10.66, a 35.80% beat, while revenue of $13.06 billion topped expectations by 11.75% and surged 55.2% year over year. The reported EPS figure is on a GAAP basis and includes a $570.65 million gain on equity investments with no comparable amount in the prior-year period. Beyond that one-time contribution, the underlying business was firing on all cylinders: net system sales of $9.37 billion, 121 lithography systems shipped, and Installed Base Management revenue of $3.68 billion all exceeded guidance, while gross margin expanded to 57.5%. AI-driven demand is proving more durable than many anticipated, with customers now placing inquiries for 2029 and 2030 deliveries; ASML acknowledged its planned supply for both 2027 and 2028 will fall short of customer demand. <a href="https://247wallst.com/investing/2026/10/12/why-october-14-could-change-everything-for-asml-stock/">Looking ahead</a>, management guided Q4 revenue of $15.90 billion to $17.02 billion with gross margin around 57%, and full-year 2026 net sales of $49.26 billion to $50.38 billion.
- Strong demand for productivity upgrades drove IBM sales above guidance at €3.3 billion
- AI-related investments driving customer demand forecasts higher
- Strong execution of production ramp-up with 121 lithography systems sold in Q3
- Gross margin of 57.5% exceeded guidance, driven by favorable IBM mix
“In the third quarter we reported a record total net sales of €11.7 billion, towards the high end of our guidance, reflecting the strong execution of our ramp-up. Installed Base Management sales came in above guidance at €3.3 billion as a result of the continued strong demand for productivity upgrades. This drove the gross margin above guidance at 57.5%.”
ASML CEO, on the earnings call
What Is ASML's Outlook?
ASML expects Q4 2026 total net sales between €14.2 billion and €15.2 billion, with Installed Base Management sales around €3.7 billion, gross margin around 57%, R&D costs around €1.2 billion, and SG&A costs around €0.4 billion. For full-year 2026, total net sales are expected between €44 billion and €45 billion, with a gross margin around 56% and an annualized effective tax rate around 17%. The company notes that its planned supply for both 2027 and 2028 will not fully meet customer demand, and it is investigating ways to increase capacity for 2028 beyond the previously communicated 30% increase. Customers are increasing short- and medium-term equipment demand forecasts driven primarily by AI-related investments, with some expressing interest in orders for 2029 and 2030. ASML will provide updated longer-term views at its Capital Markets Day on June 10, 2027.
ASML YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $13.1B | $8.4B | +55.2% |
| Gross Profit | $7.5B | $4.3B | +72.7% |
| Operating Income | $5.8B | $2.8B | +109.6% |
| Net Income | $5.6B | $2.4B | +133.5% |
ASML Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.