ASML (ASML) Says It Cannot Meet Demand Until 2028. Is the Stock Priced for That?

What happened: ASML (ASML) reported third-quarter results on October 14 and said it does not expect to build enough machines to meet customer demand in 2027 or 2028. Key numbers: Q3 net sales 11.7 billion euros, net income 5.0 billion. Closed at $1657.44 on October 15. Six-month return 17.48%. Why it matters: ASML stopped publishing quarterly orders this year, removing the figure investors used to judge momentum. The article says the price is full rather than stretched, and the thing to watch is whether customers hold to plans for the end of the decade. Market: -1.0% today ($1,641.52), +41.5% YTD, 1.3x vol — as of 22:46 UTC

ASML (ASML) reported third-quarter results on October 14 and said it does not expect to build enough machines to meet customer demand in 2027 or 2028.

ASML stopped publishing quarterly orders this year, removing the figure investors used to judge momentum. The article says the price is full rather than stretched, and the thing to watch is whether customers hold to plans for the end of the decade. Market: -1.0% today ($1,641.52), +41.5% YTD, 1.3x vol — as of 22:46 UTC