ASML Holding stock rises 2.77 percent ahead of Q3 results
π ASML Holding stock gained 2.77% to EUR 848.20 on October 2, 2026, trading below its yearly high of EUR 1,099.12.
π° The company reported Q2 2026 net sales of EUR 9.3 billion and net income of EUR 2.9 billion with a 37.0% operating margin.
π Investors are positioning for the Q3 earnings release scheduled for October 14, 2026, which will serve as the next key valuation test.
π― Analyst consensus targets ASML at USD 1,970.33 with a Moderate Buy rating, while Wells Fargo raised its target to USD 2,500.
π¬ ASML's revenue and growth remain dependent on demand for advanced lithography equipment, specifically extreme ultraviolet technology.
π The stock trades at EUR 848.20 with a market capitalization of EUR 330.8 billion and daily volume of 1.88 million shares.
- ASML Holding stock rose 2.77% to EUR 848.20 as investors positioned for upcoming Q3 results, indicating strong market confidence ahead of the earnings release.
- The company delivered robust Q2 2026 performance with EUR 9.3 billion in net sales and a healthy 37.0% operating margin, setting a high bar for future expectations.
- Wells Fargo raised its price target from USD 2,200 to USD 2,500 and assigned an overweight rating, reflecting bullish analyst sentiment on the semiconductor equipment leader.