ASML Holding stock fell 1.2 percent before Q3 results

Published on 10/07/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASML Holding stock carries a EUR 2,557 BofA target after the October 6 upgrade. Q2 revenue reached EUR 9.3265 billion with a 54 percent margin.

Isometrische 3D-Illustration eines mehrstöckigen Halbleiter-Reinraumgebäudes im Querschnitt mit miniaturisierten Technikerfiguren und Produktionsanlagen — ASML NL0010273215 isometrischer 3D Schnitt zeigt mehrstöckige Halbleiter Fabrikationsanlage mit Reinräumen detailliert, Illustration mit AI erstellt.

ASML Holding (ISIN NL0010273215) was last at EUR 1,636.40 on Euronext Amsterdam on October 6, 2026, down 1.2 percent for the session. The company enters its next results date with a higher analyst valuation and a sharply raised 2026 outlook.

BofA raises its target

According to Investing.com on October 6, 2026, BofA Securities raised its ASML price target from EUR 2,452 to EUR 2,557 while maintaining a Buy rating. The new target lies 56.3 percent above the Euronext Amsterdam price of EUR 1,636.40.

BofA also lifted its calendar-year 2028 revenue estimate from EUR 70.4 billion to EUR 76.5 billion, an 8.7 percent increase. Its 2028 earnings-per-share estimate rose from EUR 75.4 to EUR 85.2, while the bank cited higher average selling prices and a larger EUV unit forecast.

Q2 set a higher base

ASML reported EUR 9.3265 billion in total net sales for Q2 2026, compared with EUR 7.692 billion in Q2 2025, according to The Traders Spread. That represents a 21.3 percent increase, while gross margin reached 54.0 percent and net income was EUR 2.918 billion.

ASML's own investor-relations page reports Q2 2026 revenue of EUR 9.3 billion and net income of EUR 2.9 billion, alongside full-year 2026 sales guidance of EUR 43 billion to EUR 45 billion and gross-margin guidance of 54 percent to 56 percent. The figures point to a company converting strong chip-equipment demand into both growth and profitability.

October results set the checkpoint

ASML's investor-relations calendar lists October 14, 2026, for Q3 2026 results. The next report will show whether the Q3 sales guidance of EUR 11.0 billion to EUR 12.0 billion is translating into deliveries and orders ahead of the 2027 capacity cycle.

The principal counter-factor is valuation. BofA's revised target recognizes stronger estimates, but the stock's 1.2 percent decline on October 6, 2026, shows that investors are still weighing growth expectations against the price already embedded in the shares.

Stock stays below its yearly high

ASML Holding stock was last at EUR 1,636.40 on Euronext Amsterdam on October 6, 2026. Its market capitalization was USD 706.9 billion as of the same date.