[EARNINGS PREVIEW] ASML (ASML NA) earnings set to be announced on 14th October at 06:00 BST / 01:00 EDT; investors looking for confidence to ease recent woes within the industry

OVERVIEW: ASML (ASML NA) Q3’26 earnings are set to be announced on Wednesday, 14th October at 06:00 BST / 01:00 EDT. The earnings call is scheduled for 14:00 BST / 09:00 EDT. Beyond the headline metrics, focus will be on the outlook for 2027, which has already been upgraded twice this year – some analysts believe another lift to 2026 guidance could be seen. Elsewhere, any commentary surrounding Chinese shipments/demand will be interesting, given the region’s ongoing buildout. ASML shares are up c. 55% YTD, owing to ongoing AI buildout, but have come under pressure in recent days amidst recent woes within the industry. Some may go into the earnings, requiring results/commentary to improve investor confidence. An interesting report suggested that the co. plans to raise prices by 10% on all replacement parts supplied to South Korea, covering both EUV and DUV lithography systems, and will take place from January 2027. Q3’26 EXPECTATIONS (EUR): Sales: 11.71bln (current guidance 11-12bln, prev. 7.52bln Y/Y) Gross Profit: 6.56bln (prev. 3.88bln Y/Y) Gross Margin: 56% (55-57%, prev. 51.6% Y/Y) Net Profit: 4.17bln (prev. 2.13bln Y/Y) FY Expectations (EUR): Revenue: 43.6bln (prev. 32.66bln) EBITDA: 18.87bln (prev. 12.32bln Y/Y) EBIT: 17.73bln (prev. 11.40bln Y/Y) EPS: 38.96 (prev. 24.71 Y/Y) BANK COMMENTARY: JP Morgan: Co. could raise 2026 guidance slightly, due to stronger shipments of deep ultraviolet lithography tools. Believes that ASML will provide a positive message on demand. Jefferies: Co. could guide sales to the upper end of its current guidance range. Sees improvement in shipments of machines to customers in China. Bank of America: Opines that uncertainties surrounding Chinese demand are “largely baked in” to the Co’s share price. Consensus: ASML has an average PT of EUR 2,100 (vs current EUR 1,709); 7 assign the Co. with a Strong Buy, 24 (Buy), 3 (Hold), and 2 (Sell).