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Story summary
- ASML posted third-quarter profit that beat expectations.
- CEO Christophe Fouquet said customers plan orders through 2029 and 2030.
- Customers cite AI-related investments as driving short- and medium-term demand for EUV machines.
- Management says ASML’s sole-supplier status gives strong pricing power, with each EUV machine costing over $200 million.
- Analysts said the Q3 earnings beat far exceeded typical quarterly guidance.
