ASML struggling to keep up with demand for chipmaking equipment as AI spending continues to boom — chipmakers are already looking to place orders for 2029 and 2030 output, CEO says demand could surpass capacity despite massive expansion plans

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.

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.

ASML Holding N.V. received a Buy rating from Berenberg, based on a weighted average of several composite ratings including valuation, EPS revisions, and visibility. The stock is currently trading at 1,452.40 EUR, down 4.96% over 5 days and 11.01% year-to-date, but up 57.48% over a longer period.

ASML's Q3 sales of €11.66 billion missed estimates of €11.72 billion, but net profit of €4.96 billion exceeded expectations. The company raised its 2026 sales forecast to €44-45 billion. Shares fell despite strong earnings and a solid outlook, with investors focusing on margin concerns. ASML expects Q4 sales of €14.2-15.2 billion, beating estimates. The stock has gained 11% in the last 6 months, with a price target of $2314.

ASML reported Q3 2026 net sales of €11.7B and net income of €5.0B, with strong demand for lithography systems. The company announced a €1.88 interim dividend and a €4.1B share buyback. ASML expects supply constraints in 2027-2028 due to surging AI demand and is considering further capacity expansion. Q4 2026 net sales are guided at €14.2-15.2B, with full-year 2026 revenue expected at €44-45B.