ASML Stock Falls Following a Slight Sales Miss in Q3

ASML reported Q3 2026 earnings of $14.89 per share, exceeding estimates. Revenues were $13.42B, also surpassing expectations. The company expects demand to outpace supply through 2028, driving capacity expansion plans. ASML projects 2026 revenue growth of 36% and gross margin around 56%. Pricing increases and strong memory business growth were highlighted.

ASML reported Q3 2026 earnings of $12.93 per share, beating estimates, but revenue of $11.66 billion missed expectations. Year-over-year revenue grew 55.2%, driven by AI-driven semiconductor demand. Gross margin expanded to 57.5%. ASML expects continued growth in Q4 and full-year 2026, with revenues up 36% and gross margin around 56%. However, long-term growth depends on sustained customer investment and operational challenges.

ASML and Goldman Sachs reported strong Q3 earnings, with ASML beating estimates on EPS and revenue, and Goldman showing 39% earnings growth. Despite this, both stocks have declined, with ASML down 6.8% in a week and Goldman down 11.1% in a month. Analysts attribute the drop to P/E compression and a valuation reset. JPMorgan missed earnings but showed positive net interest income outlook. The S&P 500 is described as two markets: AI-related companies and others.

Chip stocks globally fell sharply, led by declines in SK Hynix, Samsung Electronics, Nvidia, and others, due to rising interest rate concerns and AI debt worries. Despite strong earnings from TSMC and ASML, the sector faced broad selloffs. South Korea's Kospi index dropped 7.6%, triggering a circuit breaker. TSMC reported a 41% revenue increase, while ASML raised its sales guidance.

ASML reported record Q3 2026 revenue of $13.06B and net income of $5.56B, driven by strong demand for semiconductor manufacturing equipment. The company expects demand to outstrip supply in 2027-2028 and is considering further capacity expansions. ASML forecasts Q4 revenue of $15.9B-$17.0B and full-year revenue of $49.3B-$50.4B, with significant growth in EUV and memory-related equipment sales.

ASML, a Dutch company that manufactures advanced chipmaking equipment, reported strong Q3 results and guided higher for Q4 and 2026. The company noted that customers are already expressing interest in ordering tools for delivery in 2029 and 2030, indicating long-term demand for AI-related investments. ASML's CEO stated that customers are increasing their equipment demand forecasts. The company is considering expanding capacity beyond its planned 30% increase for 2028 due to high demand.