ASML's earnings confirm EUV demand, UBS expects profit upgrades over the next two years

According to Golden Ten Data, UBS has released a research report stating that the global lithography machine leader ASML's (ASML.US) third-quarter 2026 performance overall meets buy-side expectations, with EBIT about 5% higher than market consensus, and the midpoint of Q4 EBIT guidance exceeding consensus by about 7%. Based on the company's reiterated and updated 2026 guidance, UBS expects that 2027-2028 EPS market consensus could be raised by 5%-10%. UBS maintains its "top buy" rating for ASML, with a 12-month target price of 2,350 euros, representing about 56% upside from the closing price on October 13.