Shares of ASML Holding N.V. (ASML) climbed roughly 3% on Monday, reaching $1,815.84 during morning trading. The stock started the session near the lower end of its range before touching an intraday high of $1,818.49, and it held near the top of a band that ran between $1,800.40 and $1,818.49 into the early afternoon.

The advance came after UBS analyst Francois-Xavier Bouvignies reiterated a buy rating on the stock. The note was published before the market opened and kept the bank's price target at EUR 2,350. UBS pointed to ASML's long-term profit trajectory as the reason for its confidence, and the bank also highlighted the company's position as the only supplier of extreme ultraviolet (EUV) lithography systems, the machines used to manufacture the most advanced semiconductors. That sole-supplier status is what places the company at the center of the chip industry's expansion plans, since the equipment behind the most advanced semiconductors cannot be sourced anywhere else.

UBS was not the only major firm weighing in on ASML this week. Bank of America Securities reiterated its own buy rating three sessions ago, and Barclays maintained a buy position earlier in the week as well. Taken together, the notes give ASML three separate buy calls within a short stretch of trading days, underscoring the attention the stock has drawn from sell-side analysts in recent days.

The timing lines up with ASML's upcoming earnings report. The company is scheduled to release third-quarter results on October 14, 2026. Wall Street currently expects earnings per share of $12.54 for the quarter, with revenue estimates sitting near $13.18 billion. Those estimates set the bar for a report that arrives with buy calls from three major banks already on the record.

A Stock-Specific Move

The wider market gave ASML little help on Monday. The Nasdaq traded marginally lower while the S&P 500 stayed roughly flat, which made the rally look like a company-specific story rather than a market-wide one. Against that subdued backdrop, ASML's advance was not tied to any broader index strength.

ASML's most recent quarterly results also gave investors something to build on. In the second quarter of 2026, the company posted EUR 9.33 billion in net and recorded a 54% gross margin. Semiconductor equipment names have drawn steady interest all year, with AI-driven demand for chipmaking capacity the main reason why — a theme that runs directly through ASML, whose EUV tools are available from only one source. The figures offered a recent checkpoint on the health of chipmaking demand heading into the earnings report.

Capacity Targets Under Review

UBS also weighed in on ASML's production plans in a separate note published Sunday. The bank said the company's capacity growth targets may have room to move higher. ASML said in July that it plans to raise output of deep ultraviolet (DUV) and extreme ultraviolet machines by 30% in 2027, with 30% increase planned for 2028.

UBS analysts said those targets could be lifted above 30% given strong demand for AI chips. They also expect ASML may guide for 2027 revenue growth above 30% year over year. The October 14 report is the company's next scheduled update, and UBS's above-30% growth expectation gives readers a concrete reference point against which any guidance on that trajectory can be measured.

Source: CoinCentral