ASML Extends Visibility With Pricing Tailwinds, RBC Says

MT Newswires Live10-15 23:08

ASML (ASML) is extending visibility with solid pricing tailwinds following a "good" Q3 performance and guidance, RBC Capital Markets said in a note Wednesday.

"Demand is outpacing supply and customers are placing orders into 2029/30 (including pre-payments)," the report said.

The note said the company is now investigating over 30%

capacity expansion for extreme ultraviolet and Immersion systems in 2028, above its prior expectation.

Additionally, near-term margins are benefitting from strong Services mix, with EUV mix shift set to be a key tailwind to average selling prices and margins in 2027, the note said.

"We are raising estimates and expect revenue & margin momentum to sustain through 2028," the report said. RBC kept its outperform rating and a $2,100 price target.

Price: 1630.68, Change: -19.32, Percent Change: -1.17

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