ASML Holding NV CAD Hedged CIBC CDR earnings date
ASML Holding NV CAD Hedged CIBC CDR (ASML) Q3 2026 Earnings Report
TSE:ASML Q3 2026 EPS Results
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- Beat/Miss
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- One Year Ago EPS
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TSE:ASML Q3 2026 Revenue Results
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- YoY Revenue Growth
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Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/14/2026
- Time
- Before Open
- Conference Call
- Wednesday, October 14, 2026
ASML Holding NV CAD Hedged CIBC CDR's next earnings date is estimated for January 27, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was strongly positive, marked by record third-quarter revenue and gross margin, robust AI-driven demand, accelerating customer capacity expansion, improving long-term visibility through 2028-2030, and significant EUV, DUV, metrology, and upgrade opportunities. The main challenges were that planned capacity may not fully meet demand, ramp costs are expected to pressure fourth-quarter gross margin, and both ASML and its customers must execute substantial capacity expansions. These challenges were presented alongside continued investment and confidence in the demand outlook.
ASML expects Q4 total net sales to be between €14.2 billion and €15.2 billion, with a gross margin of around 57%, installed base management sales of around €3.7 billion, R&D expenses around €1.2 billion and SG&A around €400 million; for full year 2026, it expects total net sales between €44 billion and €45 billion, gross margin around 56%, and an anticipated year over year total net sales increase of around 36%, reflecting over 45% growth in EUV, around 20% growth in non-EUV-related system sales, and around 50% growth in installed base management sales, with logic net system sales growing around 10%, memory net system sales growing around 75%, and the China region accounting for around 20% of total net sales. For 2026, ASML anticipates output of roughly 65 low NA EUV systems and expects to deliver a similar quantity of DUV immersion systems as in 2025; it plans to increase 2027 capacity by 30% for both low-NA EUV and DUV immersion systems, investigate adding a further 30% in 2028, and is looking into expanding 2028 capacity even above the 30% year on year growth target.
- Record Third-Quarter Revenue and Gross MarginThird-quarter total net sales were a record €11.7 billion, toward the high end of guidance, reflecting strong execution of the capacity ramp. Gross margin was 57.5%, above guidance, primarily due to very high-margin components within installed base management.
- Strong System Sales Across EUV and Non-EUVNet system sales were €8.4 billion, including €4.1 billion from EUV systems, with one High-NA EUV system sold, and €4.3 billion from non-EUV systems. System sales were split between logic at 54% and memory at 46%.
- Installed Base Management Outperformed GuidanceInstalled base management sales were €3.3 billion, exceeding guidance by almost €400 million, primarily due to strong demand for productivity upgrade products across EUV and DUV.
- Strong Earnings, Cash Position, and Shareholder ReturnsThird-quarter net income was €5.0 billion, including around €500 million from an increase in the valuation of ASML's initial investment in Mistral AI. Earnings per share were €12.95. Cash, cash equivalents, and short-term investments ended the quarter at €12.7 billion. ASML paid a €1.88 per-share interim dividend and repurchased around €4.1 billion of shares during the quarter.
- Fourth-Quarter and Full-Year 2026 GuidanceFourth-quarter total net sales are expected to be between €14.2 billion and €15.2 billion, with gross margin around 57% and installed base management sales around €3.7 billion. Full-year 2026 total net sales are expected to be between €44 billion and €45 billion, with gross margin around 56%.
- Broad Full-Year Growth OutlookThe anticipated year-over-year total net sales increase of around 36% reflects expected growth of over 45% in EUV, around 20% in non-EUV-related system sales, and around 50% in installed base management sales.
- Memory Growth Led by Capacity Expansion and EUV AdoptionFor 2026, memory net system sales are expected to grow around 75%, driven by customer capacity expansion and increasing EUV adoption on advanced DRAM nodes. Logic net system sales are expected to grow around 10%, while advanced logic is expected to grow over 25%.
- Robust AI and Semiconductor Demand VisibilityManagement said the AI buildout remains very robust, while supply shortages across advanced logic and memory nodes continue to increase in size and time horizon. Leading-edge high-volume customers report that demand for their products will outpace supply through at least 2028, leading them to accelerate capacity expansion and prepare for further expansion beyond 2028.
- Growing Long-Term Order MomentumASML is increasingly receiving orders for 2028, while customers are expressing interest in placing orders for 2029 and 2030. Management said the demand signals are supported by detailed customer plans for fab construction and releases, and that the demand being discussed is considered real rather than inflated by buying behavior.
- Low-NA EUV Capacity RampASML anticipates output of roughly 65 low-NA EUV systems in 2026, nearly 50% more than the 44 systems shipped in 2025. The company plans to increase capacity in 2027 by 30% for both low-NA EUV and DUV immersion systems and is investigating capacity expansion beyond 30% in 2028.
- DUV Immersion Output and Productivity ExpansionASML now expects to deliver a similar quantity of DUV immersion systems in 2026 as in 2025, despite an initial target that was well below the prior year. The company plans to bring its different immersion products to 330 wafers per hour at the beginning of next year, which management said should create additional customer capacity and provide an opportunity for value, margin, and pricing.
- Capacity Expansion Through Factory Optimization and UpgradesASML is optimizing its factory footprint, shortening cycle times, and further optimizing production sequences to increase output. The company is also expanding productivity upgrades across its EUV and DUV installed base and plans to introduce additional upgrade products in the coming years.
- New Product Roadmap to Increase Wafer CapacityASML plans to introduce the next-generation low-NA EUV NXE:3.8 thousandF in small quantities at the beginning of 2027, specified at 260 wafers per hour compared with the 32 wafers per hour capability of the NXE:3.8 thousandE system. The company also plans to introduce a next-generation critical DUV immersion system running at 330 wafers per hour.
- Supply Chain Capacity ConfidenceManagement said it does not currently see Zeiss as a bottleneck for the capacity expansion under discussion, including beyond the 30% target being investigated for 2028. ASML is continuing to add suppliers, particularly for noncritical parts, and said the planned growth rates reflect validation that the supply chain can support the expected EUV and DUV demand.
- High-NA EUV Progress and Customer AdoptionIntel announced that it has exposed more than 1 million wafers using High-NA EUV systems, with performance meeting or exceeding comparable low-NA EUV layers. Samsung and TSMC announced plans to introduce High-NA EUV into high-volume manufacturing in 2028 and 2030, respectively. Availability across the existing High-NA EUV fleet is approaching 90%, and management expects the number of High-NA systems to grow year after year.
- 12-Inch EUV Photomask InitiativeASML and TSMC began an industry-wide initiative to develop larger-format EUV photomasks. The collaborative effort aims to establish a 12-inch mask pilot line by 2031 and enter production in 2033, with broad customer support for the transition.
- YieldStar 550B Launch and Metrology DemandASML shipped the first YieldStar 550B metrology system in the third quarter. The system is designed to support tighter process-control requirements at the 14-angstrom logic node and 1d DRAM node, while delivering more than 60% greater productivity than the previous-generation YieldStar. Demand for YieldStar is expected to more than double in the coming years versus 2025.
- Value-Based Pricing AgreementsASML completed customer discussions that resulted in pricing increases for the most critical, high-value products, including high-range, high-volume manufacturing products. Management expects some impact in 2027, with the full impact beginning in 2028, affecting revenue, average selling prices, and gross margin. Upgrade prices are expected to follow the pricing pattern of the related tools.
- Strong China Demand and Market PositionChina is expected to account for around 20% of total net sales in 2026. Management described intrinsic demand in China for mainstream logic and memory as strong and said the demand situation appears strong for 2026 and beyond. ASML said Chinese customers want to work with the company and that its market position, especially in immersion, remains extremely high.
- Broader Customer Adoption of EUVManagement said it continues to see new customers adopting low-NA EUV, especially in DRAM, beyond one specific customer. It also sees a similar trend on High-NA EUV, which management described as positive validation of the technology's future use.
TSE:ASML Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 27, 2027 | 2026 (Q4) | ―- | ― | ― | ― |
| Oct 14, 2026 | 2026 (Q3) | ―- | ― | ― | |
| Jul 15, 2026 | 2026 (Q2) | ―- | ― | ― | |
| Apr 15, 2026 | 2026 (Q1) | ―- | ― | ― | |
| Jan 28, 2026 | 2025 (Q4) | ―- | ― | ― | |
| Oct 15, 2025 | 2025 (Q3) | ―- | ― | ― | |
| Jul 16, 2025 | 2025 (Q2) | ―- | ― | ― | |
| Apr 16, 2025 | 2025 (Q1) | ―- | ― | ― | |
| Jan 29, 2025 | 2024 (Q4) | ―- | ― | ― | |
| Oct 15, 2024 | 2024 (Q3) | ―- | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
