ASML Holding N.V.
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Range $2000 – $2623
Price Chart
About the company
ASML Holding N. V. provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.
- CEO
- Christophe D. Fouquet
- IPO
- 1995
- Employees
- 43,938
- HQ
- Veldhoven, NB, NL
AI snapshot
Six angles, distilled from the data.
The stock remains in a strong long-term uptrend, trading well above its 200-day moving average of 1428.40 and holding far above its 52-week low of 711.51. It is still below the 52-week high of 1997.38, so the regime is constructive but not extended at a cycle peak.
Street sentiment stays firmly positive, with a Buy consensus and a 2305.75 average target versus a 2000.00–2623.00 target band. Recent revisions have leaned higher, including multiple target raises from Wells Fargo, Bernstein, RBC Capital, and Argus, while ratings have largely been reaffirmed.
ASML has a solid beat pattern, with 6 of the last 7 quarters topping EPS estimates and the last reported quarter beating by 10.4%. Next-quarter EPS is estimated at 10.58, and shareholders should watch whether order momentum and margin discipline keep the growth runway intact.
No notable insider buying or selling in recent quarters. With no reported transactions, there is no signal of discretionary management conviction or caution to read into here.
Profitability remains elite, led by a 37.06% operating margin and 30.11% net margin, alongside 53.94% ROE. Growth is still strong, with revenue up 21.3% year over year and earnings up 28.5%, while net cash of 10.61 billion provides a sturdy balance sheet.
ASML sits in the premium tier of semiconductor equipment, with EUV and advanced lithography giving it a moat most peers cannot match. The valuation is rich at 58.81 times earnings, so the setup favors investors who want quality and secular exposure over low-multiple cyclicality.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $674.60B
- P/E
- 54.62
- Fwd P/E
- 45.97
- PEG
- 3.72
- P/S
- 16.42
- P/B
- 26.58
- EV/EBITDA
- 41.69
- Div Yield
- 0.52%
- Gross Margin
- 52.73%
- Op Margin
- 35.42%
- Net Margin
- 30.11%
- ROE
- 52.37%
- ROIC
- 36.90%
Latest fiscal year · YoY change
- Revenue
- $32.67B+15.6%
- Gross Profit
- $17.26B+19.1%
- Op Income
- $11.30B
- Net Income
- $9.61B+26.9%
- EPS
- $24.73+28.5%
- OCF Growth
- +4.2%
- FCF Growth
- +12.0%
- 52W High
- $1999.96
- 52W Low
- $716.20
- 50D MA
- $1781.50
- 200D MA
- $1439.59
- Beta
- 1.39
- RSI (14)
- 49
- Avg Volume
- 1.90M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
ASML beat Q2 expectations, raised full-year guidance, and said strong AI-related demand is driving higher output, tighter capacity, and better pricing power.· July 15, 2026
- Q2 net sales were EUR 9.3 billion, above guidance, with EPS of EUR 7.59 and gross margin of 54%.
- Installed Base Management sales were EUR 2.8 billion, almost EUR 300 million above guidance, helped by upgrade business.
- Full-year 2026 guidance was raised to EUR 43 billion-EUR 45 billion in sales with 54%-56% gross margin.
- Management said demand remains very strong in advanced logic and DRAM, and backlog is increasing with visibility now extending several years.
- ASML is planning 30% more Low-NA EUV and immersion capacity for 2027 and is investigating a further 30% expansion for 2028.
Q2 2026 total net sales were EUR 9.3 billion, above the high end of guidance; net system sales were EUR 6.6 billion, including EUR 3.8 billion from EUV and EUR 2.8 billion from non-EUV. Installed Base Management sales were EUR 2.8 billion, about EUR 300 million above guidance, and gross margin was 54%, above guidance. Net income was EUR 2.9 billion, EPS was EUR 7.59, free cash flow was EUR 1.3 billion, and cash equivalents plus short-term investments ended at EUR 7.6 billion. For Q3 2026, ASML guided to EUR 11 billion-EUR 12 billion of sales, around EUR 2.9 billion of Installed Base Management sales, and gross margin of 55%-57%, with R&D around EUR 1.2 billion and SG&A around EUR 0.4 billion. For full-year 2026, ASML raised guidance to EUR 43 billion-EUR 45 billion of sales and gross margin of 54%-56%.
Christophe Fouquet said the guidance raise was driven by continued strong customer demand and ASML’s ability to increase output through its supply chain, manufacturing, and field teams. He emphasized aggressive customer capex on leading-edge nodes in both logic and DRAM, supported by longer-term visibility and long-term agreements. He also framed High-NA as progressing well, highlighting Intel Foundry’s use of High-NA on Intel 18A as an important milestone for production readiness.
Roger Dassen highlighted that Q2 net sales were EUR 9.3 billion, gross margin was 54%, operating expenses were higher than guided because of estimated technology and IT transformation costs, and net income reached EUR 2.9 billion with EPS of EUR 7.59. He said cash equivalents and short-term investments ended at EUR 7.6 billion and free cash flow was EUR 1.3 billion, while ASML returned cash through a EUR 2.70 final dividend on 2025, a total 2025 dividend of EUR 7.50 per share, and about EUR 1.1 billion of buybacks in Q2. On the outlook, he guided Q3 sales of EUR 11 billion-EUR 12 billion, gross margin of 55%-57%, R&D around EUR 1.2 billion, SG&A around EUR 0.4 billion, and said full-year effective tax rate should be around 17%.
Analysts focused on pricing, capacity, and whether demand could justify further supply increases. Management said value-based pricing gives ASML more flexibility now, but any pricing effect depends on long lead times and customer order timing; they also said the current 30% capacity increase for 2027 and the investigated 30% increase for 2028 are based on existing footprint and optimized clean-room space. On High-NA, ASML said Intel is the first production implementation, but DRAM is also a significant candidate over time; rev rec for High-NA in 2026 is still expected to be four to five systems.
Management described demand as strong across advanced logic and DRAM, with order momentum and backlog both rising and visibility extending multiple years. ASML said it is meeting demand by raising output, expanding capacity, and benefiting from a richer mix of higher-productivity tools and upgrade business, while also seeing better pricing flexibility in the current environment.
The call also showed that supply and capacity remain tight: ASML is only now getting close to fully covering 2027 Low-NA demand, and 2028 remains under investigation rather than fully booked. Management repeatedly noted that pricing changes are not immediate because of long order lead times, and they acknowledged ongoing tension between fluctuating demand, customer requests, and the pace of capacity expansion. They also said operating expenses were higher than guided in Q2 because of transformation costs, which could keep pressure on near-term margins.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 100.0%
- Shares Outstanding
- 385.42M
- Float Shares
- 385.25M
of shares held by institutions
2,289 13F filers
Congressional trading
Senate and House stock disclosures for ASML, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Michael McCaulHouse · TX10 | Sell | Apr 6, 26 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Apr 17, 26 | Filing → |
| Jared MoskowitzHouse · FL23 | Buy | Mar 23, 26 | Filing → |
| Jared MoskowitzHouse · FL23 | Buy | Mar 23, 26 | Filing → |
| Jared MoskowitzHouse · FL23 | Buy | Mar 23, 26 | Filing → |
| Jared MoskowitzHouse · FL23 | Buy | Mar 23, 26 | Filing → |
| Jared MoskowitzHouse · FL23 | Buy | Mar 31, 26 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Mar 31, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Jan 30, 26 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jan 26, 26 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jan 15, 26 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jan 30, 26 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jan 13, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jan 9, 26 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Fmr LLC | 5.48M | ▲ 2.33M |
| Fisher Asset Management, LLC | 4.74M | ▲ 137.10K |
| Capital World Investors | 3.73M | ▼ 6.71K |
| Invesco Ltd. | 3.14M | ▲ 1.30M |
| State Farm Mutual Automobile Insurance Co | 2.76M | 0 |
| Van Eck Associates Corp | 2.46M | ▲ 592.13K |
| Capital International Investors | 2.44M | ▲ 671.77K |
| Jpmorgan Chase & Co | 2.40M | ▲ 263.88K |
| Price T Rowe Associates Inc | 1.93M | ▲ 395.69K |
| Morgan Stanley | 1.79M | ▲ 2.92K |
| Bank Of America Corp | 1.66M | ▲ 101.94K |
| Arrowstreet Capital, Limited Partnership | 1.46M | ▼ 177.66K |
Held by 420 ETFs
Biggest fund positions in ASML by dollar value.
Our ASML coverage
Recent articles, reports, and earnings notes.

ASML Holding (ASML): EUV Moat vs. Rich Valuation
ASML’s EUV leadership and growing installed-base revenue support a strong long-term thesis, but the stock still trades at demanding multiples. The report stays constructive with a Buy rating, while flagging valuation as the main risk.

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ASML Holding N.V. (ASML) drops 7.1% on China DUV fears
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Want a deeper read on ASML?
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed August 18, 2026 · Live quote · Not investment advice