ASML (ASML.US) earnings validate EUV demand, UBS expects earnings upgrades over the next two years.

Zhitong Finance APP has learned that UBS issued a research report stating that the 2026 third-quarter results of global lithography machine leader ASML (ASML.US) were broadly in line with buy-side expectations, with EBIT about 5% above market consensus, and the midpoint of fourth-quarter EBIT guidance exceeding consensus by about 7%. Based on the company's reiterated and updated 2026 guidance, UBS expects market consensus for 2027-2028 EPS to be revised upward by 5%-10%. UBS maintains its "conviction buy" rating on ASML, with a 12-month target price of EUR 2,350, implying about 56% upside from the October 13 closing price.