Bearish
ASML's Q3 earnings beat expectations, but stock drops amid broader tech sell-off
ASML reported strong Q3 earnings, with net sales of €11.7 billion and net income of €5.0 billion, surpassing analyst expectations. Despite this, the stock declined by 5.5% to €1,443.8, influenced by a broader market sell-off in technology stocks and concerns over AI-related inflation.
Key points
- ASML's Q3 net sales reached €11.7 billion, a 55% year-over-year increase, and net income was €5.0 billion, with a gross margin of 57.5%.
- The company raised its full-year 2026 revenue outlook to between €44 billion and €45 billion, indicating strong demand for its products.
- The stock fell 5.5% to €1,443.8, following a broader market sell-off in technology stocks and concerns over AI-related inflation.
- ASML plans to increase production capacity by 30% in each of the next two years to meet growing demand for its advanced chip-making equipment.
Sources
AI-generated from public news sources. Not financial advice.
