ASML Holding N.V.

(NASDAQ Global Select)
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Bullish +75

Aletheia upgrades ASML Holding stock on capacity outlook

Capacity expansion Guidance raised AI-generated analysis

📈 Aletheia upgraded ASML Holding on October 12, 2026, specifically citing scanner capacity and output potential for 2027 and 2028.

💰 ASML reported second-quarter 2026 revenue of EUR 9.3 billion and net income of EUR 2.9 billion.

🚀 Management raised full-year 2026 revenue guidance to EUR 43 billion to EUR 45 billion.

📊 Low-NA EUV system sales are projected to grow more than 45 percent in 2026.

💹 Third-quarter 2026 revenue is expected to reach between EUR 11 billion and EUR 12 billion.

🛡️ Gross margins for the third quarter of 2026 are forecasted at 55 percent to 57 percent.

📅 ASML is scheduled to release third-quarter results on October 14, 2026.

🔮 Analysts project ASML earnings per share could more than double between 2026 and 2028.

💵 Projected free cash flow for the period is estimated between EUR 40 billion and EUR 50 billion.

📉 ASML stock traded at EUR 1,549.00 on October 13, 2026, ahead of earnings.

Bullish Signals
  • Aletheia upgraded the stock rating citing strong scanner capacity and output potential for 2027 and 2028.
  • Second-quarter 2026 revenue reached EUR 9.3 billion with net income of EUR 2.9 billion.
  • Management raised full-year 2026 revenue guidance to a range of EUR 43 billion to EUR 45 billion.
  • Low-NA EUV system sales are expected to grow more than 45 percent in 2026.
  • Third-quarter 2026 revenue guidance stands between EUR 11 billion and EUR 12 billion.
  • Gross margins for the upcoming quarter are forecasted at a healthy 55 percent to 57 percent.
  • Analysts project earnings per share could more than double between 2026 and 2028.
Full Analysis
Aletheia upgraded its rating on ASML Holding on October 12, 2026, citing a positive outlook regarding the company's scanner capacity and output potential for 2027 and 2028. This analyst shift signals a growing focus on ASML's ability to scale equipment production beyond immediate earnings momentum, projecting that earnings per share could more than double between 2026 and 2028 with free cash flow reaching EUR 40 billion to EUR 50 billion. ASML reported strong second-quarter 2026 financial results with revenue of EUR 9.3 billion and net income of EUR 2.9 billion, driving earnings per share to EUR 7.59. Management subsequently raised full-year 2026 revenue guidance to a range of EUR 43 billion to EUR 45 billion and highlighted that sales of Low-NA EUV systems are expected to grow by more than 45 percent in the current year. Looking ahead, ASML expects third-quarter 2026 total net sales between EUR 11 billion and EUR 12 billion with gross margins projected at 55 percent to 57 percent. The company is set to release its third-quarter results on October 14, 2026, which will test whether the previously issued revenue outlook translates into reported growth as the market watches for confirmation of sustained capacity expansion.