ASML Q3 2026 Revenue Tops €11.6 Billion as AI Demand Surges

Key takeaways - ASML posted Q3 2026 revenue of €11.66 billion and net income of €4.96 billion. - The company raised its full-year 2026 outlook again, to €44 billion–€45 billion. - Shares barely moved on the results, despite the strong numbers. ASML reported a sharp jump in third-quarter revenue and profit on Wednesday, powered by booming demand for AI chips that is driving spending on advanced semiconductor manufacturing equipment. The Dutch chip-equipment maker booked Q3 2026 net sales of €11.66 billion, up from €9.33 billion in the prior quarter and €7.52 billion a year earlier. Net income climbed to €4.96 billion from €2.13 billion in Q3 2025. Basic earnings per share reached €12.95, against €5.49 a year ago, and gross margin rose to 57.5%, beating the company’s earlier Q3 guidance range of 55% to 57%. Source: ASML. Outlook raised for a third time The strong quarter prompted ASML to lift its full-year outlook for the third time this year. The company now expects 2026 net sales of €44 billion to €45 billion, narrowing its previous €43 billion–€45 billion range and raising the lower end. Full-year gross margin is forecast at about 56%. For the fourth quarter, ASML guided to sales of €14.2 billion to €15.2 billion and a gross margin of roughly 57%. The results show how heavily AI infrastructure investment is flowing into ASML. Chipmakers are expanding output of advanced logic and memory chips, lifting demand for its lithography systems. ASML sold 113 new lithography systems in the quarter, up from 86 in Q2. Installed Base Management sales increased to €3.29 billion from €2.76 billion. Muted stock reaction The market’s initial response was subdued. Amsterdam-listed shares traded around €1,512.50 in early premarket action, after falling 4.2% on Tuesday ahead of the release. US-listed shares closed Tuesday at $1,717.76. The tepid reaction suggests investors had already priced in exceptionally strong growth. ASML shares have climbed sharply in 2026 on bets that AI-related semiconductor spending will underpin years of demand for its advanced chipmaking machines.