ASML shares rose 2.82% to $1,821.35 on Tuesday, outperforming a mixed broader market as investors favored large-cap semiconductor equipment stocks. UBS reiterated a buy recommendation and EUR 2,350 price target ahead of ASML’s scheduled third-quarter results on October 14, 2026, when analysts expect earnings of $12.54 per share and revenue of $13.18 billion, compared with $6.42 and $8.79 billion a year earlier. Investors are also watching whether strong semiconductor earnings can again drive share-price gains after both ASML and Taiwan Semiconductor Manufacturing Co. reported strong quarters but saw their shares weaken afterward. Market reactions, cloud companies’ 2027 spending plans and the trajectory of AI costs may provide clues about demand heading into 2027. ASML’s stock remains in a long-term uptrend, although its premium valuation, China export restrictions and a bearish 20-day-to-50-day moving-average crossover present risks.