Story perspectives

ASML Warns Supply Shortfalls, Guides Q4 Sales Higher

By Drooid · Oct 14, 2026, 11:20 PM UTC · How we work

Summary

ASML Beats Guidance

ASML reported Q3 2026 net sales €11.7 billion, net income €5.0 billion, and basic earnings per share €12.95.
Gross margin rose to 57.5%, up from 54% in Q2.
Installed-base management sales significantly hit €3.3 billion, beating guidance.
Management warned supply may not meet demand in 2027-2028.
Fourth-quarter sales guidance targets €14.2-€15.2 billion, midpoint €14.7 billion.

Summary

ASML Expands Eindhoven

ASML broke ground on an Eindhoven expansion, with phase one slated for 2029.
Tool prices will rise in 2027 and fully affect customers from 2028.
ASML will upgrade existing machines and launch higher-throughput models to ease shortages.
Customers including SK Hynix, Micron and Elon Musk’s TeraFab are requesting more capacity.
Shares fell after the capacity warning, then rose over 3% at 10:00 CEST.

History

Historical Context

On 11 March 2011 a magnitude-9.0 Tohoku earthquake and tsunami halted production at Shin-Etsu and MEMC, together supplying about 25 % of global silicon wafers, and drove Japan’s Q1 GDP down 3.7 %. The shock exposed semiconductor supply-chain fragility, a factor behind today’s strong ASML earnings and its lithography capacity concerns for leading chipmakers.

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ASML Beats Guidance

ASML reported Q3 2026 net sales €11.7 billion, net income €5.0 billion, and basic earnings per share €12.95.
Gross margin rose to 57.5%, up from 54% in Q2.
Installed-base management sales significantly hit €3.3 billion, beating guidance.
Management warned supply may not meet demand in 2027-2028.
Fourth-quarter sales guidance targets €14.2-€15.2 billion, midpoint €14.7 billion.

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