ASML reports €11.7 billion total net sales and €5.0 billion net income in Q3 2026

ASML expects planned supply to fall short of customer demand in 2027 and 2028, prompting investigation of additional capacity.

Rhea-AI Summary

ASML (ASML) reported third-quarter 2026 net sales of €11.7 billion, with higher net income and gross margin than the preceding quarter. Net income reached €4,960 million, versus €2,918 million in Q2, while gross margin rose to 57.5% from 54.0%. Basic earnings per share increased to €12.95 from €7.59. Installed Base Management sales, comprising service and field option sales, reached €3,289 million.

ASML expects Q4 sales of €14.2 billion–€15.2 billion and gross margin around 57%; its full-year outlook is €44 billion–€45 billion in sales and gross margin around 56%. The company expects currently planned supply to fall short of customer demand in both 2027 and 2028 and is investigating increasing 2028 capacity beyond the previously communicated 30% increase. Quarter-end cash, cash equivalents and short-term investments reached €12,735 million, versus €7,582 million in Q2. Third-quarter share repurchases totaled around €4.1 billion.

15 points · 0 major

PositiveiHow this balance works

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Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointTotal net sales rose to €11,662 million in Q3 2026 from €9,326 million in Q2.
• Moderate pointNet income increased to €4,960 million in Q3 2026 from €2,918 million in Q2.
• Moderate pointGross margin increased to 57.5% in Q3 2026 from 54.0% in Q2, exceeding guidance.
• Moderate pointInstalled Base Management sales rose to €3,289 million from €2,762 million in Q2, exceeding guidance.
• Moderate pointNew lithography systems sold increased to 113 units in Q3 2026 from 86 in Q2.
• Moderate pointCash, cash equivalents and short-term investments rose to €12,735 million at Q3-end from €7,582 million at Q2-end.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Q4 2026 outlook: ASML expects €14.2 billion–€15.2 billion sales and gross margin around 57%.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Full-year 2026 outlook: ASML expects €44 billion–€45 billion sales and gross margin around 56%.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Customer equipment demand forecasts continue increasing for the short and medium term, ASML said.
• Moderate pointShare repurchases totaled around €4.1 billion in Q3 under the 2026–2028 buyback program.

5 minor points

• Minor pointGross profit rose to €6,700 million in Q3 2026 from €5,035 million in Q2.
• Minor pointBasic EPS increased to €12.95 in Q3 2026 from €7.59 in Q2.
• Minor pointUsed lithography systems sold increased to 8 units in Q3 2026 from 5 in Q2.
• Minor pointOrder book momentum continues increasing quarter on quarter this year, ASML said.
• Minor point. Forward-looking: it has not happened yet and may not happen.Capacity expansion: ASML is investigating a 2028 increase beyond the previously communicated 30%.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Planned supply for 2027 and 2028 will not fully meet customer demand, ASML expects.
• Minor point. Forward-looking: it has not happened yet and may not happen.Q4 2026 R&D costs are expected to be around €1.2 billion.
• Minor point. Forward-looking: it has not happened yet and may not happen.Q4 2026 SG&A costs are expected to be around €0.4 billion.

News Explained

The disclosure sets a dated cash distribution for holders of ordinary shares: ASML says its interim 2026 dividend is €1.88 per share and will be made payable on November 4, 2026.

Key Figures

Q3 total net sales: €11.7 billion Q3 gross margin: 57.5% Q3 net income: €5.0 billion +5 more

Q3 total net sales

€11.7 billion

Q3 2026 reported results

Q3 gross margin

57.5%

Q3 2026; above guidance

Q3 net income

€5.0 billion

Q3 2026 reported results

Basic EPS

€12.95

Q3 2026

Q4 total net sales outlook

€14.2 billion to €15.2 billion

Q4 2026

Full-year total net sales outlook

€44 billion to €45 billion

2026

Share repurchases

€4.1 billion

Under the current 2026–2028 share buyback program, Q3 2026

Interim dividend

€1.88 per ordinary share

2026 interim dividend; payable November 4, 2026

Key Terms

eps, euv, duv immersion, us gaap

4 terms

eps financial

"EPS (basic; in euros) | 7.59 | | 12.95"

Earnings per share (EPS) measures how much profit a company makes for each outstanding share of its stock by dividing the company’s profit after expenses by the number of shares. It matters to investors because it shows how much of the company’s “pie” each share represents—higher EPS usually signals greater profitability per share, helps compare companies of different sizes, and influences stock valuations and investor decisions.

View in glossary

euv technical

"low NA EUV and DUV immersion capacity by 30% in 2027"

EUV (extreme ultraviolet) is a high‑precision manufacturing technology that uses very short‑wavelength light to etch extremely tiny patterns onto semiconductor wafers, like using a finer pencil to draw more detailed circuits on a microchip. It matters to investors because it enables denser, faster and more power‑efficient chips, drives large equipment and facility investments, and can influence which chipmakers can cost‑effectively produce the next generation of devices.

duv immersion technical

"low NA EUV and DUV immersion capacity by 30% in 2027"

DUV immersion is a chip-manufacturing technique that uses deep ultraviolet (DUV) light and a liquid layer between the lens and the silicon wafer to print finer circuit patterns. Think of it like using a magnifying glass with water to focus a beam more sharply so lines on a surface can be drawn smaller and more accurately. It matters to investors because it affects semiconductor manufacturers’ ability to produce denser, higher-performing chips and can drive demand for specialized equipment and capital spending.

us gaap financial

"ASML's primary accounting standard for quarterly earnings releases and annual reports is US GAAP"

U.S. GAAP is the set of official accounting rules and standards companies in the United States use to record and report their financial results. Like a common recipe book for financial statements, it makes company reports consistent and easier to compare, so investors can better judge profitability, risk and trends when deciding to buy, hold or sell shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ASML reports €11.7 billion total net sales and €5.0 billion net income in Q3 2026
Full-year 2026 total net sales expected to be between €44 billion and €45 billion, with a gross margin around 56%

VELDHOVEN, the Netherlands, October 14, 2026 – Today, ASML Holding NV (ASML) has published its 2026 third-quarter results.  

• Q3 total net sales of €11.7 billion, gross margin of 57.5%, net income of €5.0 billion
• ASML expects Q4 2026 total net sales between €14.2 billion and €15.2 billion, and a gross margin around 57%
• Full-year 2026 total net sales expected to be between €44 billion and €45 billion, with a gross margin around 56%
  
  
  

(Figures in millions of euros unless otherwise indicated)	Q2 2026		Q3 2026
Total net sales	9,326		11,662
...of which Installed Base Management sales1	2,762		3,289
New lithography systems sold (units)	86		113
Used lithography systems sold (units)	5		8
Gross profit	5,035		6,700
Gross margin (%)	54.0		57.5
Net income	2,918		4,960
EPS (basic; in euros)	7.59		12.95
End-quarter cash and cash equivalents and short-term investments	7,582		12,735

Numbers have been rounded for readers' convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com.

CEO statement and outlook
"In the third quarter we reported a record total net sales of €11.7 billion, towards the high end of our guidance, reflecting the strong execution of our ramp-up. Installed Base Management sales¹ came in above guidance at €3.3 billion as a result of the continued strong demand for productivity upgrades. This drove the gross margin above guidance at 57.5%.

"Our customers continue to increase their short- and medium-term equipment demand forecasts with us, driven primarily by their views on the size and duration of AI-related investments. In light of their demand visibility, some customers are expressing an interest in placing orders with us for 2029 and even 2030.

"With such strong visibility and an order book momentum that continues to increase quarter on quarter this year, we now expect that our supply as currently planned for both 2027 and 2028 will not fully meet the demand of our customers². Given this, we are investigating ways to increase capacity for 2028 beyond the 30% increase we previously communicated. In addition, we continue to provide significant wafer capacity to our customers through our productivity upgrade portfolio.

"We expect fourth-quarter 2026 total net sales between €14.2 billion and €15.2 billion, with a gross margin around 57%. We expect R&D costs of around €1.2 billion and SG&A costs of around €0.4 billion. We expect total net sales for 2026 to be between €44 billion and €45 billion, with a gross margin around 56%," said ASML President and Chief Executive Officer Christophe Fouquet.

  
Update share buyback program and dividend
In the third quarter, we purchased around €4.1 billion worth of shares under the current 2026–2028 share buyback program.

An interim dividend over 2026 of €1.88 per ordinary share will be made payable on November 4, 2026.

Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML's website (www.asml.com/investors).

1 Installed Base Management sales equals our net service and field option sales.
2 This refers to the figures in our Q2 2026 financial results press release, where we stated that we plan to increase 2026 low NA EUV and DUV immersion capacity by 30% in 2027, and are investigating a further 30% increase for both in 2028.

  

Media Relations contacts	Investor Relations contacts
Monique Mols +31 6 5284 4418	Jim Kavanagh +31 40 268 3938
Sarah de Crescenzo +1 925 899 8985	Pete Convertito +1 203 919 1714
Karen Lo +886 9 397 88635	Peter Cheang +886 3 659 6771

  

Quarterly video interview and investor call
With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2026 third-quarter results and outlook for 2026. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.

An investor call will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on October 14, 2026 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

About ASML
ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 45,500 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

US GAAP Financial Reporting
ASML's primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly US GAAP Consolidated Statements of Operations, Consolidated Statements of Cash Flows and Consolidated Balance Sheets are available on www.asml.com.

The Consolidated Balance Sheets of ASML Holding N.V. as of September 27, 2026, the related Consolidated Statements of Operations and Consolidated Statements of Cash Flows for the quarter and nine months ended September 27, 2026, as presented in this press release, are unaudited.

Regulated information
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.


Forward Looking Statements
This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including expected trends in the semiconductor industry and end markets, business dynamics and business environment trends, the expected impact of AI investments and impact of AI technologies on demand for chips and our systems and semiconductor growth outlook and impact on our customers and our business, lithography intensity, plans and capability to increase capacity and output and expected capacity and investigation of ways to increase capacity, our product portfolio and portfolio roadmaps, backlog, expectations and customer plans with respect to High NA EUV and holistic lithography adoption, technological developments and expected shipment of systems, supply and demand trends, visibility into longer-term demand, outlook including expected sales of market segments and geographies, outlook and expected financial results including outlook and expected results for Q4 2026, including expected total net sales, IBM sales, gross margin, R&D costs, SG&A costs, outlook and expectations with respect to full year 2026 including expected full year 2026 total net sales, gross margin and annualized effective tax rate, expectations with respect to EUV, DUV and IBM sales in 2026, and expectations with respect to future years, investor key messages, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks and statements with respect to dividends, expected performance and capabilities of our systems and product roadmaps, customer outlook, demand forecasts, demand visibility and plans including customer orders and interest in placing orders in future years, customer roadmaps, capital expenditures and customer plans and capability with respect to capacity expansion, ESG strategy and commitments and other non-historical statements. You can generally identify these statements by the use of words like “may”, “expect”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “guide”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity”, “commitment” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and industry and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the macroeconomic and geopolitical environment on the semiconductor industry, semiconductor market conditions, the impact of AI on our customers and our business, the pace and scale of customer increase in capacity, industry and business and semiconductor demand and demand for our tools, the impact of inflation, interest rate and exchange rate fluctuations, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new technologies, products and models and customer roadmaps, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in orders and our ability to convert orders into sales and whether customer interest in orders in future years results in actual orders, risks relating to the realization of our backlog, the risk of order cancellations, delays or push outs and restrictions on shipments of systems, including ordered systems, under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, the impact of the tariff announcements, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and commitments and execute our ESG strategy, risks relating to future financial results and the risk that future results may differ from our outlook and other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2025 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.

Attachments

• Link to press release
• Link to consolidated financial statements

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were ASML's Q3 2026 sales and earnings?

ASML reported €11,662 million in net sales and €4,960 million in net income for Q3 2026. These compare with €9,326 million and €2,918 million, respectively, in Q2 2026. Basic earnings per share rose to €12.95 from €7.59.

What is ASML's sales outlook for Q4 and full-year 2026?

ASML expects Q4 2026 sales between €14.2 billion and €15.2 billion and full-year sales between €44 billion and €45 billion. Expected gross margin is around 57% for Q4 and around 56% for the full year.

When will ASML pay its interim dividend for 2026?

ASML's interim dividend for 2026 of €1.88 per ordinary share will be payable on November 4, 2026.

Why are ASML customers increasing equipment demand forecasts?

ASML attributes customers' higher short- and medium-term equipment demand forecasts primarily to their views on the size and duration of AI-related investments. Some customers are expressing interest in placing orders for 2029 and even 2030; that interest is not described as completed orders.