Basic earnings per share reached €12.
The Dutch semiconductor-equipment maker also raised its 2026 outlook. ASML previously projected a lower floor for full-year revenue, making the latest update the third improvement to its 2026 sales outlook.
Chief Executive Christophe Fouquet said customers are increasing their short- and medium-term equipment forecasts, driven mainly by their expectations for the scale and duration of artificial-intelligence investment.
That visibility is creating a capacity problem. ASML said its currently planned supply for both 2027 and 2028 will not fully satisfy customer demand, even though it had previously communicated plans to increase 2026 low-numerical-aperture extreme-ultraviolet and deep-ultraviolet immersion capacity by 30% in 2027 and was investigating another 30% increase in 2028. The company is now examining ways to expand 2028 capacity beyond that earlier plan.
ASML’s position at the most advanced end of chip manufacturing gives the demand outlook significance across the artificial-intelligence hardware chain. Its extreme-ultraviolet systems are used to produce leading-edge processors and memory, although the company’s results remain exposed to customer spending plans, export controls, supply-chain constraints and broader economic conditions.
Analysis: The results strengthen the case that ASML’s near-term growth is being supported by both equipment sales and high-margin services, but they do not establish a 2028 stock price. A supplied investment scenario estimated a possible 2028 price of $2,827 by applying 45% annual earnings growth in 2027 and 2028 and a 29-times earnings multiple; that figure depends entirely on those assumptions and is not company guidance.