ASML.AS · PEAD → 25

ASML reported Q2 2026 EPS of €7.58 on 2026-07-15, beating the €6.85 consensus by €0.73 (+10.7%); prior-year EPS comparison is not available in our feed.

Print-day reaction was essentially flat at -0.4% from the prior close, a notably muted response to a double-digit EPS beat. The overnight gap to the T+1 open recovered +2.5%, suggesting initial after-hours optimism following the subdued close. Over days one through three, however, the stock drifted -4.9%, erasing the overnight gain and pushing the cumulative move firmly negative. Cumulative abnormal return of -0.95% versus SPY.US sits within the -3%/+3% band, yielding a PEAD verdict of none with conviction 25; the drift neither confirms nor reverses the initial reaction with sufficient force to warrant a directional read through 2026-10-12.