Japan SPE: ASML results read-across: Mention of further capacity expansion amid strong demand; no negative read-through for SPE

This report outlines key takeaways from ASML's 3Q FY12/26 (Jul-Sep) results, announced on October 14, and the implications for Japanese SPE (semiconductor production equipment) makers. According to ASML, demand for equipment is strengthening further, with customers expecting supply to lag behind robust demand until at least 2028; the company has started receiving orders for delivery in 2028, and in some cases extending into 2029 and beyond. FY12/26 sales guidance was revised up slightly, the installed-base sales outlook was raised, while expected EUV lithography system shipments remained unchanged. At its 2Q briefing, ASML announced plans to increase production capacity for both EUV (Low NA only) and DUV lithography systems by 30% in 2027 and by a further 30% in 2028;