ASML HOLDING NV (ASML): Financial results for Q3 2026
ASML HOLDING NV (ASML) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 ASML reports €11.7 billion total net sales and €5.0 billion net income in Q3 2026 Full-year 2026 total net sales expected to be between €44 billion and €45 billion, with a gross margin around 56% VELDHOVEN, the Netherlands, October 14, 2026 – Today, ASML Holding NV (
How this was made
The 30-second read
Why it matters
The strong results and guidance are likely to lift the stock, reinforcing bullish sentiment in the semiconductor equipment space.
Market read
ASML's earnings set a positive tone for the broader chip‑making supply chain, influencing related equipment makers and AI‑focused investors.
What to watch
Potential supply bottlenecks in 2028 capacity expansion and macro‑economic slowdown risks.
ASML reports €11.7 billion total net sales and €5.0 billion net income in Q3 2026; full-year 2026 total net sales expected to be between €44 billion and €45 billion, with a gross margin around 56%.
Q3 delivered record total net sales of €11.7 billion, gross margin of 57.5%, and net income of €5.0 billion. Management said sales were toward the high end of guidance, Installed Base Management sales were above guidance, and customer demand forecasts and order-book momentum continued to increase quarter on quarter.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q3 2026 total net salesGAAP | €11.66B | – | – |
| Q3 2026 Installed Base Management salesGAAP | €3.29B | – | – |
| Q3 2026 new lithography systems soldother | 113 units | – | – |
| Q3 2026 used lithography systems soldother | 8 units | – | – |
| Q3 2026 gross profitGAAP | €6.7B | – | – |
| Q3 2026 gross marginGAAP | 57.5% | – | – |
| Q3 2026 net incomeGAAP | €4.96B | – | – |
| Q3 2026 EPS (basic; in euros)GAAP | 12.95 | – | – |
| End-quarter cash and cash equivalents and short-term investmentsGAAP | €12.73B | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Installed Base Management salesContinued strong demand for productivity upgrades. | €3.29B | – | – |
Q4 2026 and full-year 2026 outlook
- RevenueQ4 2026 total net sales between €14.2 billion and €15.2 billion; full-year 2026 total net sales between €44 billion and €45 billion
- Gross marginQ4 2026 gross margin around 57%; full-year 2026 gross margin around 56%
- Operating expensesQ4 2026 R&D costs of around €1.2 billion and SG&A costs of around €0.4 billion
Capital returns
- In the third quarter, ASML purchased around €4.1 billion worth of shares under the current 2026–2028 share buyback program.
- An interim dividend over 2026 of €1.88 per ordinary share will be made payable on November 4, 2026.
What drove it
- Q3 total net sales reflected strong execution of ASML's ramp-up.
- Installed Base Management sales came in above guidance because of continued strong demand for productivity upgrades.
- Customers increased their short- and medium-term equipment demand forecasts, driven primarily by their views on the size and duration of AI-related investments.
- Order-book momentum continued to increase quarter on quarter in 2026.
- Some customers expressed interest in placing orders for 2029 and 2030.
Concerns
- ASML expects that supply as currently planned for both 2027 and 2028 will not fully meet customer demand.
- Customer interest in orders for future years may not result in actual orders.
- Risks cited include order cancellations, delays or push outs, export-control restrictions, supply-chain capacity, and timely availability of parts and components.
What to watch
- Q4 2026 total net sales delivery against the €14.2 billion to €15.2 billion outlook.
- Q4 2026 gross margin relative to the around 57% outlook.
- Execution on the investigation to increase 2028 capacity beyond the 30% increase previously communicated.
- The pace of customer orders and demand visibility for 2029 and 2030.
- Continued demand for productivity upgrades and Installed Base Management sales.
Balance sheet and cash flow
- End-quarter cash and cash equivalents and short-term investments were 12,735 (figures in millions of euros), compared with 7,582 (figures in millions of euros) at the end of Q2 2026.
Analysis
ASML reported Q3 2026 total net sales of 11,662 (figures in millions of euros), which the company described as a record €11.7 billion and toward the high end of its guidance. Gross profit was 6,700 (figures in millions of euros), gross margin was 57.5%, and net income was 4,960 (figures in millions of euros). Basic EPS was 12.95 euros. The reported Q2 comparison table shows total net sales of 9,326, gross margin of 54.0%, net income of 2,918, and basic EPS of 7.59.
The quarter reflected stronger product and service activity. New lithography systems sold were 113 units versus 86 units in Q2, while used systems sold were 8 units versus 5 units. Installed Base Management sales were 3,289 (figures in millions of euros), compared with 2,762 in Q2. Management said Installed Base Management sales exceeded guidance because of continued strong demand for productivity upgrades, and said this drove gross margin above guidance.
Demand visibility is extending beyond the near term. Management said customers have increased short- and medium-term equipment demand forecasts, primarily because of their views on the size and duration of AI-related investments. It also cited increasing order-book momentum during 2026 and customer interest in orders for 2029 and 2030. ASML now expects its currently planned supply for 2027 and 2028 will not fully meet customer demand and is investigating capacity expansion for 2028 beyond the 30% increase previously communicated.
For Q4 2026, ASML expects total net sales between €14.2 billion and €15.2 billion, gross margin around 57%, R&D costs around €1.2 billion, and SG&A costs around €0.4 billion. Full-year 2026 sales are expected between €44 billion and €45 billion, with gross margin around 56%. Capital returns remained substantial, with around €4.1 billion of share purchases in Q3 and an interim dividend of €1.88 per ordinary share payable on November 4, 2026. End-quarter cash and cash equivalents and short-term investments were 12,735 (figures in millions of euros).
Management, verbatim
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.
Christophe Fouquet, President and Chief Executive Officer
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.
Christophe Fouquet, President and Chief Executive Officer
With such strong visibility and an order book momentum that continues to increase quarter on quarter this year, we now expect that our supply as currently planned for both 2027 and 2028 will not fully meet the demand of our customers.
Christophe Fouquet, President and Chief Executive Officer
Not in the filing
stated, not guessed- Prior-year Q3 2025 figures and year-over-year changes for reported Q3 2026 metrics were not provided.
- Operating income and operating margin were not provided in the filing text.
- Diluted EPS was not provided in the filing text.
- Non-GAAP or adjusted financial metrics were not provided in the filing text.
- Operating cash flow and free cash flow were not provided in the filing text.
- Debt and other balance-sheet liabilities were not provided in the filing text.
- Q4 2026 tax-rate guidance was not provided in the filing text.
- No previous-release outlook was provided; therefore, no comparison of actual results with prior guidance is included.
- Separate revenue figures for other business segments or product categories were not provided in the filing text.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
ASML's Q3 2026 earnings release via SEC Form 6‑K provides the first public disclosure of its quarterly performance and FY guidance.
Ticker impact
ASML reported Q3 2026 net sales of €11.7 bn and net income of €5.0 bn, with gross margin of 57.5%, and issued guidance for FY 2026 sales of €44‑45 bn and Q4 sales of €14.2‑15.2 bn.
likely upward pressure as investors price in higher sales and margin outlook
The earnings beat, record sales, and raised guidance indicate accelerating demand and margin expansion, which typically drive the stock higher on release day.
Market effects
Strengthens outlook for semiconductor equipment sector and AI‑driven chip demand.
Boosts European tech exposure and reinforces Netherlands market sentiment.
High relevance for global tech investors tracking AI and chip supply chain trends.
Counterpoint
Valuation may be stretched despite growth, and capacity constraints could limit upside.
Key entities
- ExecutiveChristophe Fouquet
CEO of ASML who provided the earnings commentary.
- ExecutiveRoger Dassen
CFO of ASML who co‑hosted the investor call.
