There’s 1 Problem Standing Between ASML Stock and a Breakout. October 14 Will Reveal the Answer.

ASML (ASML) will report earnings on Oct. 14, and with ASML stock trading near its 52-week high, expectations are already elevated. In July, the company guided for third-quarter sales of €11 billion to €12 billion, a big jump from €7.5 billion in the year-ago period. ASML also raised its full-year sales outlook to between €43 billion and €45 billion. Reaching that range would require an even bigger Q4, so investors will want to see signs that the ramp is on track.

What makes ASML unusual right now is that supply is limiting its growth more than demand. Management has said it is close to fully booked on its main extreme ultraviolet (EUV) machines for 2027. The company plans to raise output by about 30% next year, which implies roughly 85 systems. CFO Roger Dassen described that figure as the balance between what customers want and what ASML can build.