ASML Surges 48% in the Past Year: How Should You Play the Stock Now?

What happened: ASML gained 48.1% over the past year, driven by AI-related demand for its lithography systems, while carrying a Zacks Rank #3 (Hold). Key numbers: ASML up 48.1% versus sector growth of 9.5%; AEIS up 11.4% and SIMO up 103.6% over the same period. Installed Base Management revenues were €3.29 billion in third-quarter 2026, up from €2.76 billion in the prior quarter. Why it matters: Management said planned capacity for 2027 and 2028 will not fully meet anticipated customer demand, and long order visibility makes growth dependent on customers maintaining expansion plans. Market: -2.2% today ($217.19), -2.1% YTD, 1.5x vol — as of 13:00 UTC Verified: Q3_2026 (Nov 2) EPS $3.65 vs $3.04 est, +19.9% beat; next print ~Feb 1

ASML gained 48.1% over the past year, driven by AI-related demand for its lithography systems, while carrying a Zacks Rank #3 (Hold).

Management said planned capacity for 2027 and 2028 will not fully meet anticipated customer demand, and long order visibility makes growth dependent on customers maintaining expansion plans. Market: -2.2% today ($217.19), -2.1% YTD, 1.5x vol — as of 13:00 UTC Verified: Q3_2026 (Nov 2) EPS $3.65 vs $3.04 est, +19.9% beat; next print ~Feb 1