3 calls tracked · 3 active
Watching: record revenue as memory makers spend, but a third of sales comes from China and the growth is slowing.
Quarter to Sep 2026: revenue $8.22B (+54%), gross margin 52%.
Memory 46% of systems sales (34% a year earlier).
The highest-margin, steadiest part of chip equipment: every advanced chip has to be inspected and measured. Bullish; China is the risk.
FQ1 FY27 revenue $4.14B (+29% YoY, +13% QoQ); operating margin ~45%.
$4.0B of twelve-month free cash flow; $943M bought back in the quarter.
The sole maker of EUV machines, supply-limited through 2028, with down-payments up €5.7B in a quarter. Bullish; China keeps conviction at MEDIUM.
Sole maker of EUV lithography; Q3 2026 net sales €11.66B at 57.5% gross margin.
Q4 guided at €14.2–15.2B (~1.5x the prior record); 2027–28 supply short of demand.