ASML (ASML) Q3 2026 Pre Recorded earnings summary

Executive summary

• Q3 2026 net sales reached a record €11.662 billion, gross margin was 57.5% and net income was €4.960 billion; sales landed toward the high end of guidance.

• Strong AI-led demand and customer capacity plans lifted FY2026 guidance and prompted reviews of capacity expansion beyond previously outlined increases.

Financial highlights

• Q3 net sales were €11.662 billion, versus €9.326 billion in Q2 and €7.516 billion in Q3 2025; gross profit was €6.700 billion.

• Q3 operating income was €5.173 billion and net income €4.960 billion, versus €2.468 billion and €2.125 billion, respectively, in Q3 2025.

• Q3 system sales were €8.4 billion; Installed Base Management sales were €3.289 billion, above guidance and up from €2.762 billion in Q2.

Outlook and guidance

• Q4 2026 net sales guidance is €14.2–15.2 billion, including ~€3.7 billion in Installed Base Management sales; gross margin is expected at ~57%.

• FY2026 net sales guidance is €44–45 billion, with gross margin ~56%; the second half is expected to be stronger than the first.

• FY2026 total business growth is expected at 36%: EUV above 45%, non-EUV ~20% and Installed Base Management ~50%; China is expected to represent ~20% of business.

• Value-based pricing effects are not expected to be material in 2026, begin partly in 2027 and become fully visible in 2028 and beyond.