TSMC、ASML 财报将至：科技股多空观点梳理

Open in App

Top Brokers

Image 1: Plus500

Plus500

4.9

★★★★★

Open Account

Read Review

eToro

4.8

★★★★★

Open Account

Read Review

Tools

Calendars * Economic Calendar * Holiday Calendar * Earnings Calendar * Dividend Calendar * Splits Calendar * IPO Calendar * Futures Expiry Calendar

Investment Tools

*   [Stock Screener](https://www.investing.com/stock-screener)
*   [Fed Rate Monitor Tool](https://www.investing.com/central-banks/fed-rate-monitor)
*   [Currency Converter](https://www.investing.com/currency-converter/)
*   [Fibonacci Calculator](https://www.investing.com/tools/fibonacci-calculator)

TSMC, ASML earnings on tap: Bull and bear cases for tech outlined

EditorAmbar Warrick

Stock Markets

EditorAmbar Warrick

Published Oct 12, 2026, 11:21 PM

TSMC, ASML earnings on tap: Bull and bear cases for tech outlined

View all comments (0)0

TSMC, ASML earnings on tap: Bull and bear cases for tech outlined

View all comments (0)0

Image 3: © Reuters

In this article:

TSM-1.98%

ASML-1.69%

Investing.com -- Chip bellwethers TSMC and ASML are set to report this week. ASML Holding NV ADR (ASML) reports pre-market Wednesday, Oct 14, 2026. Taiwan Semiconductor ADR (TSM) follows on Thursday, Oct 15, 2026.

The prints come amid a broad selldown in chipmaking and artificial stocks, amid growing doubts over the long-term returns from the nascent technology.

TSMC and ASML have benefited greatly from AI-fueled demand, with their place in the chipmaking supply chain making the two effective bellwethers for AI-driven chip demand.

Get more insights on the biggest AI stocks by subscribing to InvestingPro-- with up to 50% off

Bull Case

Serial beats. ASML has beaten EPS in each of the last four quarters, by +7% to +18%. TSMC has done the same, by +7% to +13%. Beats are the base rate, not the exception.
Estimates still rising. ASML’s EPS consensus is up +26.3% over 90 days and TSMC’s is up +5.3%. Analysts are still raising numbers, not cutting them.
Growth is substantial. Analysts expect ASML’s Q3 EPS to rise about 89% year over year, with revenue up 51%. For TSMC they expect EPS up 55% and revenue up 41% (Investing.com, Oct 12, 2026).
Guidance momentum. In July, TSMC reported revenue at the top of guidance, margins above expectations and a Q3 outlook pointing to a further sequential rise. ASML beat and raised its full-year forecast.
Reset sentiment. After TSM’s -7.9% week, the bar is lower than it was in July, when the stock sold off despite a beat.
Deal flow. Investors will look for updates on TSMC’s GlobalFoundries manufacturing deal and ASML’s expanded Samsung agreement. Either could add to the order-book story.

TSM-1.98%ASML-1.69%

Taiwan Semiconductor ADR

Analyze TSM

Included in our AI-picked strategies

Review strategies

444.35

▼-8.96(-1.98%)

Closed·15:59:59·USD

442.23

▼-2.12(-0.48%)

After Hours·03:49:34

Max

In this article

TSM-1.98%ASML-1.69%

Trade

Analyze TSM

Trade

Bear Case

Good news hasn’t helped. TSM fell 5.03% after its Q2 beat and ASML fell 7.08% after its Q1 beat. The market has been selling strong prints.
Scarcity premium at risk. The July analysis noted investors are "less willing to pay as though today’s scarcity and margins will last indefinitely." Ahead of the June-quarter prints, the sector had risen nearly 70% in 2026.
Capacity cuts both ways. ASML’s strong orders confirm that manufacturers are expanding. That same expansion can eventually make memory and foundry capacity less scarce. China’s CXMT is also raising capital to expand DRAM.
Customer hedging. CoreWeave was reported to be considering derivatives to protect against a fall in memory prices. That is a sign customers are preparing for a more normal cycle.
Steep expectations. ASML’s FY2026 EPS estimate is $43.61, and FY2027’s is $60.46, which is about 39% higher. Any slip in 2027 order commentary would hit a stock up +54% YTD.
Technical fragility. Both stocks sit below their 52-week highs: ASML about 12.5% below and TSM about 8.8% below. Selling into the prints suggests positioning is crowded.

What Decides the Reaction

Revenue and EPS beats look close to a given. The reaction will likely hinge on three things:

ASML’s bookings and 2027 outlook.
TSMC’s Q4 guidance and gross margin.
Capex plans, since higher spending feeds ASML but squeezes TSMC’s free cash flow.

A beat with a cautious tone on any of these could repeat the July pattern. Quarterly price reactions have swung from -7.08% to +4.67% over the last eight prints, so direction is uncertain.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

See the trade on TSM, but can't pull the trigger?

Most traders can read a chart. The hard part is the moment: entry window open, pattern forming, and you're still waiting for more confirmation. That's the conviction gap — and our chart analysis closes it. Unlike other AIs that just read data, our Vision AI literally "sees" your charts and hands you a complete trading plan: entry, stop-loss, and profit target in under 60 seconds. Know exactly what to do next, every time.

Try Chart Analysis for TSM

TSMC, ASML earnings on tap: Bull and bear cases for tech outlined

View all comments (0)0

Latest comments

Post

Comment Guidelines

Loading next article…

Trade With A Regulated Broker

Indices Commodities Bonds Stocks

Max

US 30

51,973.60

+123.3

+0.24%

US 500

7,794.60

-12.6

-0.16%

Dow Jones

51,850.55

+195.60

+0.38%

S&P 500

7,807.24

-4.30

-0.06%

Nasdaq

27,245.90

-120.27

-0.44%

S&P 500 VIX

15.21

+0.37

+2.49%

Dollar Index

102.235

-0.140

-0.14%

Crude Oil WTI Futures

92.68

-1.06

-1.13%

Brent Oil Futures

105.46

-1.19

-1.12%

Natural Gas Futures

3.162

-0.008

-0.25%

Gold Futures

4,203.51

+12.91

+0.31%

Silver Futures

60.483

-0.027

-0.05%

Copper Futures

6.7343

-0.0157

-0.23%

US Soybeans Futures

1,276.00

-11.75

-0.91%

U.S. 10Y

5.193

-0.053

-1.01%

U.S. 30Y

5.558

-0.041

-0.73%

U.S. 5Y

4.98

-0.041

-0.82%

U.S. 3M

4.17

+0.006

+0.14%

US 10Y T-Note Futures

104.88

+0.31

+0.30%

Euro Bund Futures

121.38

+0.42

+0.35%

10-2 Yield Spread

31.32

+4.15

+15.27%

AAPL

340.97

+4.33

+1.29%

NVDA

226.32

-2.96

-1.29%

GOOGL

352.72

+1.06

+0.30%

TSLA

378.03

-4.67

-1.22%

AMZN

259.53

-2.90

-1.11%

NFLX

70.61

+0.31

+0.44%

Name	Last	Chg. %	Vol.
FICO	740.00	+10.85%	2.01M
SHOP	179.22	+4.90%	12.45M
LW	50.18	+4.83%	3.26M
MDT	91.93	+3.90%	36.56M
MOH	204.36	+3.77%	697.57K
ZBH	92.17	+3.40%	1.80M
META	742.96	+3.38%	24.88M

Name	Last	Chg. %	Vol.
LITE	995.41	-9.78%	6.46M
GLW	147.28	-6.00%	8.01M
SNDK	1,487.33	-5.97%	8.80M
ALAB	324.11	-5.29%	3.74M
MRNA	213.74	-5.00%	12.87M
NBIS	210.06	-4.98%	14.06M
AKAM	101.65	-4.96%	3.43M

Trending Stocks

Name	Last	Chg. %	Vol.
MU	989.04	-3.88%	23.98M
SNDK	1,487.33	-5.97%	8.80M
NVDA	226.32	-1.29%	70.69M
SPCX	163.42	+0.52%	67.43M
META	742.96	+3.38%	24.88M

ProPicks AI

AI-powered stock picks with a proven track record to beat the S&P 500.

Tech Titans

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Top Value Stocks

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Best of Buffett

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Energy Elite

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Financial Fortresses

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Quality Compounders

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Small-Cap Sprinters

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Healthcare Heroes

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Beat the S&P 500

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Dominate the Dow

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Mid-Cap Movers

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Mexican Stock Exchange Leaders

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Best Brazilian Stocks

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Italian Market Elite

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Alpha Germany Select

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Comments

Post

Comment Guidelines

Calendars

Economic Calendar Earnings Calendar Holiday Calendar

US Economy

Fed Rate Monitor Tool US Treasury Yield Curve

More Tools

Stock Screener Currency Converter

Markets Ask WarrenAI Stocks Picked by AI Watchlist Alerts Top Brokers Breaking News Tools

Install Our App Scan QR code to install app

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.Fusion Mediaand any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

By using this site, you agree with our use of cookies. Please see our privacy statement for more information.

TSMC、ASML 财报将至：科技股多空观点梳理

Popular Searches

Please try another search

Top Brokers

TSMC, ASML earnings on tap: Bull and bear cases for tech outlined

Bull Case

Bear Case

What Decides the Reaction

See the trade on TSM, but can't pull the trigger?

Latest comments

Trending Stocks