Seeking Alpha
14 Oct 2026, 23:30 UTC · 1h ago
ASML Q3: These Yellow Flags Don't Scare Me, But The Valuation Does
Impact · against what's priced in
ASML's Q3 results provide no catalyst for the stock as the strong revenue growth and margins are already reflected in the current price. The reporting confirms existing expectations for 2026 guidance without providing the evidence needed to trigger the upside associated with 2027-2028 capacity expansion.
- ASML+0.00
Already priced in
- The price assumes
A gross margin trajectory toward 56%
The reported Q3 margins of 57.5% support the market's expectation of margins around 56%, but since the price already assumes this trajectory, it is not a catalyst.
What ASML's price assumes · Aug 26
