Multi-billion dollar agreements between AI companies and chip manufacturers are anticipated to enhance the outlook of leading semiconductor equipment producer ASML when it unveils third-quarter earnings.

Investors and analysts anticipate witnessing signs that clients of the Dutch company, including TSMC and SK Hynix, are increasing their efforts to expand capacity in 2026 and further ahead.

Anticipations are elevated after a 32percent increase in ASML stock since September 2, compared to a 15percent gain in the Philadelphia Semiconductor Index during the same timeframe.

In July, ASML's management expressed uncertainty about revenue growth in 2026 due to weakness among clients Samsung and Intel. Since that time, AI megadeals have ignited a chip market surge due to expectations of significant datacenter growth.

Analysts surveyed by researcher Visible Alpha predict that new bookings, a key metric for ASML, will reach 5.36 billion euros ($6.21 billion) in the third quarter. In the initial half, new reservations reached 9.48 billion euros.

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According to LSEG IBES data, the company is anticipated to announce a 1.4percent rise in net income for the third quarter, reaching 2.11 billion euros compared to the previous year.

Companies such as Meta and Oracle revealed agreements with chip manufacturers like NVIDIA, AMD, Intel, and Samsung. All of these indicate the forthcoming need for ASML equipment, crucial for fabricating chip circuitry.

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"There's no doubt that the sentiment has shifted; management must provide some insight into their market observations," stated Morningstar analyst Javier Correonero.

However, constructing semiconductor manufacturing facilities requires years, and analysts are seeking clarification from ASML on how much customers can expedite their projects.

 

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"All memory chip manufacturers are expected to boost production capacity for AI - Micron, SK Hynix, Samsung, and even Chinese companies," stated analyst Michael Roeg from Degroof Petercam.

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