ASML Q3 preview: AI chip demand expected to nearly double EPS
ASML is scheduled to report third-quarter results on October 14, with the market expecting sharp year-over-year growth in revenue and profit driven by demand for AI chips. In the second quarter, revenue reached €9.3 billion and net profit €2.9 billion, up from €7.7 billion and €2.3 billion a year earlier; the company guided third-quarter revenue to €11–12 billion at a 55%–57% gross margin and raised its full-year revenue outlook to €43–45 billion. Wall Street analysts expect third-quarter revenue of €11.73 billion, up 55% year over year, and EPS of €10.76, roughly double the €5.49 reported in the same quarter of 2025. ASML is the only company commercially producing EUV lithography systems; Intel has processed more than one million wafers using High-NA EUV, Samsung plans to bring the technology into advanced DRAM mass production in 2028, and ASML aims to expand existing EUV capacity by about 30% by 2027.
As the sole commercial EUV supplier, ASML's results and capacity plans are a key read on the strength of AI chip capital spending.