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Analyst
Sandeep Deshpande
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q3 (8 quarters; questions recorded in 3).
- Questions
- 6on tracked calls
- Challenge rate
- 17%1 of 6 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 3with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 6 of 6 questions from 1 company
ASMLASML Holding6 questions · 3 reporting periods · 1 of 6 challenging
Calendar 2026 Q3
Does ASML need to make any substantial payments to these suppliers in terms of adding this capacity
Show response
Christophe said suppliers matched 50% EUV growth this year and the plans are validated, but did not address supplier payments directly.
in the fourth quarter is down from the current quarter, even though your revenues are going up significantly?
Show response
Roger attributed the slightly lower Q4 gross margin to ramp costs that offset better fixed cost coverage from higher volume.
should we assume that most of the value based pricing related increases will go straight down to the gross margin line?
Show response
Roger said part of the increase covers ramp costs for ASML and its supply chain, but a significant part is directly accretive to gross margin.
Calendar 2025 Q1
Do you expect to start getting these phase three High NA orders by the end of this year or the second half of this year?
Show response
Christophe said phase-three High NA HVM orders are still too early given most tools are in phase-one installation, a few may trickle in but it will mostly take more time.
at this time, in April 2024, how was your order book and backlog looking for 2025? And how does the order book and backlog for 2026 look at this time of the year versus 2024?
Show response
Roger said the post-2025 backlog is already substantial enough to be a good start for 2026 but declined to make a historical comparison or specify incremental bookings needed to hit a 2026 midpoint.
Calendar 2024 Q4
So is there a risk to the customer first at the end of the year that, well, actually, we're not going to implement the tools into production next year, and then that these orders don't happen in 20...
Show response
Christophe said customers ordered 5200s (HVM-intended) in the backlog as part of a committed first-node-insertion plan co-developed with ASML, so the 2026 shipments do not hinge on a late 12–18 month decision, larger subsequent node bookings will.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| ASML ASML Holding | 6 | 17%1 of 6 questions |
- ASMLASML Holding · 6 questions17%1 of 6 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 100%1 of 1 question | 1 |
| 2025 Q1 | 2 | 0%none of 2 questions | 1 |
| 2025 Q2 | No questions recorded | — | — |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | No questions recorded | — | — |
| 2026 Q1 | No questions recorded | — | — |
| 2026 Q2 | No questions recorded | — | — |
| 2026 Q3 | 3 | 0%none of 3 questions | 1 |
- 2024 Q41 question · challenge rate 100% (1 of 1 question) · 1 company
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q2No questions recorded
- 2025 Q3No questions recorded
- 2025 Q4No questions recorded
- 2026 Q1No questions recorded
- 2026 Q2No questions recorded
- 2026 Q33 questions · challenge rate 0% (none of 3 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Margin2
- Product Launch2
- Demand2
- Guidance Reliability2
- Supply Chain1
- Capex Investment1
- Cost Pressure1
- Pricing1