ASML Holding N.V.

ASML Q3 2026

Reported: 2026-10-16

ASML shares fell 5.3% after earnings, despite a record quarter and higher Q4 sales guidance. The likely concern is that full-year growth is expected to be heavily driven by memory: management forecasts about 75% growth in memory system sales versus around 10% in logic, while Q4 gross margin is expected to ease to around 57% from 57.5% in Q3.

Key takeaways

Q3 net sales reached a record €11.7 billion; gross margin was 57.5%, and net income was €5.0 billion, including about €500 million from the higher valuation of ASML’s Mistral AI investment.
Q4 sales are forecast at €14.2–15.2 billion, with gross margin around 57%.
Full-year 2026 sales are expected at €44–45 billion, up around 36% year over year, with gross margin around 56%.
Management expects 2026 EUV sales growth above 45%, non-EUV system sales growth around 20%, and installed base management sales growth around 50%.
Q3 installed base management sales were €3.3 billion, nearly €400 million above guidance; ASML expects about €3.7 billion in Q4.

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ASML Holding N.V.

ASML.AS Q3 2026

Reported: 2026-10-16

ASML shares fell 3.0% after earnings, suggesting investors focused on the outlook rather than the record quarter. Management raised its view of customer demand and expects a sharp Q4 sales step-up, but Q4 gross margin is guided lower than Q3, and full-year margin guidance remains around 56%.

Key takeaways

Q3 net sales were a record €11.7 billion; gross margin was 57.5%, above guidance, and net income was €5.0 billion, including a roughly €500 million valuation gain on ASML’s Mistral AI investment.
Installed base management sales reached €3.3 billion, nearly €400 million above guidance, helped by demand for productivity upgrades.
Q4 sales are forecast at €14.2–€15.2 billion, with gross margin around 57%; full-year sales guidance is €44–€45 billion and gross margin around 56%.
ASML expects full-year sales growth of around 36%, including over 45% growth in EUV and around 50% growth in installed base management; logic system sales are expected to grow around 10%, versus around 75% for memory.
Management said customer demand signals are strengthening and customers see demand outpacing supply through at least 2028; ASML expects to deliver roughly 65 low-NA EUV systems in 2026, nearly 50% more than in 2025.

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Bank of America Corporation

BAC Q3 2026

Reported: 2026-10-16

Bank of America shares fell 5.3% after earnings, with lower sales and trading and investment banking revenue weighing on an otherwise growing core business. The transcript points to a sharp pullback in FICC activity—driven by reduced client activity and changing market conditions—as a key disappointment.

Key takeaways

Net income was $6.9 billion, or $0.91 per share, including a $1.2 billion regulatory settlement charge; excluding it, net income was $8.1 billion, or approximately $1.08 per share.
Revenue was approximately $30 billion, up around 3% year over year. NII rose 8% to $16.6 billion, while asset management fees grew 17%.
Markets and investment banking revenue declined. A record third quarter in equities was more than offset by weakness in FICC, including credit, mortgages, and municipals.
Quarter-end loans rose $34 billion from Q2 to $1.25 trillion, and deposits increased $14 billion to more than $2 trillion.
Wealth clients generated approximately $41 billion of flows; consumer money movement was up 5% year to date, and card balances grew nearly 5%.

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BlackRock, Inc.

BLK Q3 2026

Reported: 2026-10-16

BlackRock’s shares rose 3.4% after earnings, as investors responded to record revenue, operating income and EPS alongside broad-based inflows and margin expansion. The quarter also showed continued demand in higher-fee categories, though expenses grew 14% year over year.

Key takeaways

Net inflows were $205 billion in the quarter and nearly $870 billion over the last 12 months; organic base fee growth was 11% in Q3.
Revenue rose 19% year over year to $7.8 billion; operating income increased 27% to $3.3 billion and EPS rose 38% to $15.93.
Operating margin reached 47.8%, up 320 basis points year over year. Excluding performance fees and related compensation, adjusted margin was 48.6%, up 230 basis points.
Base fee and securities lending revenue increased 20% to $6 billion; performance fees rose 22% to $630 million, including $110 million from HPS.
Total expenses increased 14%, led by higher compensation and sales, asset and account costs. Technology services and subscription revenue grew 14%, while annual contract value increased 12%.

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Citigroup Inc.

C Q3 2026

Reported: 2026-10-16

Citi shares fell 7.3% after earnings, suggesting investors focused on a softer economic backdrop and a less favorable outlook rather than the quarter’s higher revenue and income. Management said conditions softened, citing higher energy prices and tighter monetary policy, while US consumer cards revenue was flat as partner payments rose.

Key takeaways

Net income rose 17% to $5.2 billion; revenue increased 8% year over year, and ROTCE was 11.5%.
Services revenue grew 15%; markets rose 6% and banking 6%. Wealth brought in $38 billion of net new investment assets, more than double the year-ago level.
US consumer cards revenue was flat amid higher partner payments, despite 6% growth in total average loans in the general-purpose portfolio.
Expenses grew 3%, excluding a notable item from last year, despite planned investment and severance being pulled into the quarter; Citi reported positive operating leverage.
Citi returned more than $4 billion to shareholders, including $3 billion in buybacks. CET1 was 12.8%, about 120 basis points above its current regulatory minimum.

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Fastenal Company

FAST Q3 2026

Reported: 2026-10-16

Fastenal’s shares fell 2.2% after earnings, a roughly flat reaction. The quarter showed accelerating sales and expanding margins, while pricing contributed less to growth as the company began lapping last year’s price increases; management also said pricing’s contribution had peaked between Q4 2025 and Q1 2026.

Key takeaways

Net sales rose 15.5% to $2.46 billion, and operating income increased $90 million year over year.
Operating margin expanded 90 basis points to 21.5%; return on invested capital rose 230 basis points to 32.5%.
Contract customers generated over 76% of sales, with daily sales growth of 18.8%. Sites spending at least $50,000 per month grew nearly 19%, and sales from those sites increased roughly 28%.
Pricing contributed approximately 2.4% to growth, at a slower pace as Fastenal lapped strong pricing actions taken in 2025.
Digital sales grew approximately 16% on a daily basis; the FMI installed base topped 143,000 units, up 7%, and FASTBin and FASTVend sales grew approximately 18%.

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The Goldman Sachs Group, Inc.

GS Q3 2026

Reported: 2026-10-16

Goldman Sachs shares fell 1.7% after earnings, a roughly flat reaction. Results were strong on reported revenue, but the quarter included an accelerated charitable contribution that reduced EPS and returns; the transcript does not identify a specific earnings disappointment behind the move.

Key takeaways

Net revenue was $18.7 billion, the second-highest quarterly total in company history; EPS was $17.01, ROE 18.7% and ROTE 20.5%. Management said EPS would have been approximately $18 excluding the charitable contribution.
Global Banking & Markets delivered its second-highest revenue quarter. Investment Banking Advisory revenue was a record, and Equities posted its second-best performance after the prior quarter’s record.
Asset & Wealth Management management and other fees rose 22% year over year to a record $3.6 billion. Assets under supervision reached $4.1 trillion, with $97 billion of long-term net inflows.
Alternatives assets under supervision increased 26% year over year to a record $491 billion. After $122 billion of year-to-date fundraising, the firm expects roughly $150 billion for the full year.
Management cited renewed geopolitical tensions, energy-market disruption and inflation concerns as sources of uncertainty, while saying the Investment Banking backlog remained very robust.

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Earnings Recaps

ASML Holding N.V.

ASML Holding N.V.

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Earnings Recaps

ASML Holding N.V.

ASML Holding N.V.

Bank of America Corporation

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Citigroup Inc.

Fastenal Company

The Goldman Sachs Group, Inc.

Community

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