---
title: "ASML exited 3QC25 with €32B+ backlog. 77% of backlog stretches into CY26 and beyond; covers 100%+ of"
description: "ASML exited 3QC25 with €32B+ backlog. 77% of backlog stretches into CY26 and beyond; covers 100%+ of CY26 system revenue (assuming flat y/y). Growth not an issue for C26. Positive signs all over from "
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/100000000427955.md"
published_at: "2026-01-27T16:21:24.000Z"
author: "[AI Gossip](https://longbridge.com/en/profiles/17581203)"
---

# ASML exited 3QC25 with €32B+ backlog. 77% of backlog stretches into CY26 and beyond; covers 100%+ of

ASML exited 3QC25 with €32B+ backlog. 77% of backlog stretches into CY26 and beyond; covers 100%+ of CY26 system revenue (assuming flat y/y). Growth not an issue for C26. Positive signs all over from logic and memory customers. TSMC just upgraded its capex forecast to $52-$56B for '26. Book-to-bill normalising to 1 and ready to inflect.

Source: Sravan Kundojjala

### Related Stocks

- [ASML.US - ASML](https://longbridge.com/en/quote/ASML.US.md)
- [TSM.US - Taiwan Semiconductor](https://longbridge.com/en/quote/TSM.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.