olivLaw · European equity research
ASML Holding N.V. ASML.AS
Netherlands · Euronext Amsterdam · ISIN NL0010273215 · Vertical: Listed companies from Netherlands
ASML designs and manufactures lithography systems used to make microchips and is the sole supplier of leading-edge EUV tools. The company closed 2025 with net sales of €32.7 billion, and demand driven by artificial intelligence keeps its role central to the industry.
At the close of 03 Nov 2026, ASML Holding N.V. (ASML.AS) stock was 1,385.00 EUR (−1.63% on the day), with market capitalisation 538.0 bn EUR, P/E 52.7 on diluted EPS of 26.26 EUR over the last 12 months, dividend yield 0.47%, beta 1.66, 52-week range 834.00–1,721.40 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 38.0
- weak (30–45)
- Bollinger (20, 2)
- 1,348.73 – 1,628.23
- in the lower half of the band · %B 0.13 · band width 18.8%
- SMA 50 / 200
- 1,495.50 / 1,393.49
- mixed trend
- MACD (12, 26, 9)
- -29.75 / -19.60
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −16.2% | −1.0% | −15.2 pp | — |
| 3 months | −5.9% | −3.9% | −2.1 pp | — |
| 6 months | +12.7% | +7.2% | +5.5 pp | — |
| Year to date | +50.3% | +6.6% | +43.8 pp | — |
| 1 year | +49.5% | +9.1% | +40.4 pp | −0.8% |
| 3 years | +131.7% | +47.9% | +83.8 pp | +0.5% |
| 5 years | +91.0% | +43.3% | +47.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 4-quarter history (min 31.4, median 32.6, max 35.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 21.2 bn | 27.6 bn | 28.3 bn | 32.7 bn |
| Revenue YoY | unavailable | +30.2% | +2.6% | +15.6% |
| Net income | 6.4 bn | 8.1 bn | 8.3 bn | 10.2 bn |
| Net income YoY | unavailable | +26.9% | +2.9% | +22.3% |
| Diluted EPS | 16.07 | 20.59 | 21.21 | 26.26 |
| Diluted EPS YoY | unavailable | +28.1% | +3.0% | +23.8% |
| net % | 30.2% | 29.4% | 29.5% | 31.3% |
| Free cash flow | 8.2 bn | 4.4 bn | 10.3 bn | 12.3 bn |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 12.9 bn EUR
- Financial debt
- 4.4 bn EUR
- Net debt
- -8.5 bn EUR
- Equity
- 24.2 bn EUR
- Total assets
- 55.6 bn EUR
- Debt / equity
- 0.18x
- Current ratio
- 1.24x
- ROE
- 44.2%
- ROA
- 18.9%
- FCF margin
- 37.5%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 21.2 bn | 27.6 bn | 28.3 bn | 32.7 bn | esef· 04 Mar 2026verified |
| Cost of revenue | 10.7 bn | 13.8 bn | 14.0 bn | 15.7 bn | esef· 04 Mar 2026verified |
| Gross profit | 10.5 bn | 13.8 bn | 14.3 bn | 16.9 bn | esef· 04 Mar 2026verified |
| Research & development | 2.3 bn | 3.1 bn | 3.2 bn | 3.6 bn | esef· 04 Mar 2026verified |
| Operating income | 7.3 bn | 9.5 bn | 9.9 bn | 12.1 bn | esef· 04 Mar 2026verified |
| Interest expense | 60.8 m | 152.7 m | 162.6 m | 118.3 m | esef· 04 Mar 2026verified |
| Pre-tax income | 7.3 bn | 9.6 bn | 10.0 bn | 12.2 bn | esef· 04 Mar 2026verified |
| Income tax | 1.0 bn | 1.6 bn | 1.8 bn | 2.2 bn | esef· 04 Mar 2026verified |
| Net income | 6.4 bn | 8.1 bn | 8.3 bn | 10.2 bn | esef· 04 Mar 2026verified |
| Diluted EPS | 16.07 | 20.59 | 21.21 | 26.26 | esef· 04 Mar 2026verified |
| Weighted average diluted shares | 398.0 m | 394.1 m | 393.6 m | 388.9 m | esef· 04 Mar 2026verified |
| Dividend per share | 6.44 | 5.96 | 6.24 | 6.56 | esef· 04 Mar 2026derived |
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 7.3 bn | 7.0 bn | 12.7 bn | 12.9 bn | esef· 04 Mar 2026verified |
| Inventories | — | 8.9 bn | 10.9 bn | 11.4 bn | esef· 04 Mar 2026verified |
| Current assets | — | 24.1 bn | 30.4 bn | 30.2 bn | esef· 04 Mar 2026verified |
| Property, plant & equipment, net | — | 5.5 bn | 6.8 bn | 7.9 bn | esef· 04 Mar 2026verified |
| Goodwill | — | 4.6 bn | 4.6 bn | 4.6 bn | esef· 04 Mar 2026verified |
| Intangibles (excl. goodwill) | — | 3.9 bn | 4.7 bn | 5.4 bn | esef· 04 Mar 2026verified |
| Total assets | — | 43.1 bn | 52.6 bn | 55.6 bn | esef· 04 Mar 2026verified |
| Short-term debt | — | 100.0 k | 1.0 bn | 1.7 bn | esef· 04 Mar 2026verified |
| Long-term debt | — | 4.6 bn | 3.7 bn | 2.7 bn | esef· 04 Mar 2026verified |
| Current liabilities | — | 16.3 bn | 20.0 bn | 24.4 bn | esef· 04 Mar 2026verified |
| Equity | 11.3 bn | 16.2 bn | 22.0 bn | 24.2 bn | esef· 04 Mar 2026verified |
| Shares outstanding at year end | 397.7 m | 393.8 m | 393.3 m | 388.5 m | esef· 04 Mar 2026derived |
Cash flow · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | 9.4 bn | 6.5 bn | 12.4 bn | 13.8 bn | esef· 04 Mar 2026verified |
| Capex | 1.3 bn | 2.2 bn | 2.1 bn | 1.6 bn | esef· 04 Mar 2026verified |
| Free cash flow | 8.2 bn ≈ | 4.4 bn ≈ | 10.3 bn ≈ | 12.3 bn ≈ | esef· 04 Mar 2026derived |
| Investing cash flow | -1.9 bn | -3.6 bn | -3.7 bn | -4.9 bn | esef· 04 Mar 2026verified |
| Financing cash flow | -7.2 bn | -3.2 bn | -2.9 bn | -8.8 bn | esef· 04 Mar 2026verified |
| Dividends paid | 2.6 bn | 2.3 bn | 2.5 bn | 2.6 bn | esef· 04 Mar 2026verified |
| Share repurchases | 4.6 bn | 1.0 bn | 500.0 m | 6.0 bn | esef· 04 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 72 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 538.0 bn EUR
Key indicators
Coverage and freshness
Score by group
- Quality98
- Growth100
- Valuation26
- Balance sheet75
- Returns54
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 258.19 – 880.79 EUR.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)571.89 – 880.79 (Mid 690.72)WACC 8.5% · starting FCFF 12.4 bn EUR · terminal value share of EV 75%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E258.19 – 482.48 (Mid 337.81)15 companies used · median multiple 12.9x · quartiles 9.8x – 18.4xAALB.AS, ACOMO.AS, AD.AS, ADYEN.AS, AKZA.AS, ARCAD.AS, AXS.AS, BAMNB.AS, BNJ.AS, CRBN.AS, CTAC.AS, ECMPA.AS, FFARM.AS, HAL.AS, HAVAS.AS
- Dividend discount (DDM)outside the aggregate89.28 – 121.75 (Mid 103.02)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Neutral profile · Score 72/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 66.9% | 100 (vs peers) | 13% |
| Net margin · Quality | 31.3% | 92 (vs peers) | 8% |
| FCF conversion · Quality | 120.0% | 100 (on a fixed band) | 8% |
| Revenue CAGR 3Y · Growth | 15.6% | 100 (on a fixed band) | 11% |
| EPS CAGR 3Y · Growth | 17.8% | 100 (on a fixed band) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 101.9x | 100 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 1.2x | 36 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 52.7x | 24 (vs peers) | 13% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 2.3% | 28 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | 1.6% | 23 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | 20.8% | 100 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet75/100 · 2/3 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality98/100 · 3/3 factors with a value
- Returns54/100 · 2/2 factors with a value
- Valuation26/100 · 2/3 factors with a value
Memo
ASML Holding N.V. (ASML.AS). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 32.7 bn EUR in 2025; YoY growth 15.6%; net margin 31.3%; ROE 44.2%.
The estimated value range is 415.04–681.63 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 514.27 EUR, the price of 1,385.00 EUR leaves a potential of -62.9% (value / price − 1) and a margin of safety of -169.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 72/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 66.9%
- Net margin: 31.3%
- FCF conversion: 120.0%
- Revenue CAGR 3Y: 15.6%
- EPS CAGR 3Y: 17.8%
- Interest coverage: 101.9x
- Payout ratio (FCF): 20.8%
What contradicts it
- P/E (TTM): 52.7x
- FCF yield: 2.3%
- Shareholder yield (distributions): 1.6%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Listed companies from Netherlands · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ASML.ASASML Holding N.V. | 538.0 bn | 52.7 | 44.2% | 31.3% | +15.6% | +53% / +122% |
| ASM.ASASM International N.V. | 35.3 bn | 49.0 | 18.7% | 22.8% | +8.2% | +52% / +53% |
| DSFIR.ASDSM-Firmenich AG | 31.5 bn | 112.4 | 1.2% | 2.2% | +20.4% | +49% / +22% |
| AD.ASKoninklijke Ahold Delhaize N.V. | 29.0 bn | 12.9 | 15.3% | 2.5% | +3.4% | −10% / +21% |
| ADYEN.ASAdyen N.V. | 26.1 bn | 24.6 | 22.3% | 40.1% | +18.9% | −38% / −23% |
| HAL.ASHAL Trust | 15.3 bn | 9.6 | 10.5% | 12.8% | +1.2% | +21% / +46% |
| EXO.ASExor N.V. | 15.0 bn | — | -10.6% | — | −100.0% | +1% / −18% |
| BESI.ASBE Semiconductor Industries N.V. | 12.4 bn | 94.0 | 28.7% | 22.3% | −2.7% | +20% / +22% |
| AKZA.ASAkzo Nobel N.V. | 10.5 bn | 16.6 | 13.8% | 6.3% | −5.2% | +9% / −13% |
| AALB.ASAalberts N.V. | 4.7 bn | 26.1 | 7.2% | 5.7% | −5.3% | +53% / +17% |
| ARCAD.ASArcadis N.V. | 4.2 bn | 20.2 | 18.3% | 4.3% | −2.4% | +23% / +2% |
| BNJ.ASBanijay Group N.V. | 3.4 bn | 13.7 | 343.8% | 5.1% | +1.6% | −12% / −8% |
| BAMNB.ASKoninklijke BAM Groep N.V. | 3.4 bn | 42.4 | 9.1% | 1.3% | +2.9% | +49% / +407% |
| BFIT.ASBasic-Fit N.V. | 2.0 bn | 136.8 | 3.6% | 1.0% | +16.9% | +6% / +15% |
| HAVAS.ASHavas N.V. | 1.8 bn | 9.4 | 10.2% | 6.5% | +1.7% | +23% / unavailable |
| CRBN.ASCorbion N.V. | 1.6 bn | 8.3 | 27.3% | 14.9% | +1.9% | +39% / +55% |
| ECMPA.ASEurocommercial Properties N.V. | 1.4 bn | 11.0 | 5.9% | 45.4% | +4.2% | −6% / +17% |
| FUR.ASFugro N.V. | 940.4 m | — | -1.5% | -1.1% | −18.8% | −5% / −51% |
| ACOMO.ASAcomo N.V. | 677.0 m | 15.0 | 10.7% | 3.3% | +7.6% | −4% / +35% |
| FAST.ASFastned B.V. | 647.4 m | — | -28.2% | -21.7% | +66.1% | +56% / +22% |
| FFARM.ASForFarmers N.V. | 502.6 m | 10.1 | 14.5% | 1.6% | +14.8% | +28% / +134% |
| BRNL.ASBrunel International N.V. | 380.6 m | 124.7 | 1.0% | 0.3% | −10.8% | −7% / −30% |
| ALFEN.ASAlfen N.V. | 227.0 m | — | -0.1% | -0.0% | −10.7% | −1% / −77% |
| ENVI.ASEnvipco Holding N.V. | 220.8 m | — | -12.7% | -11.9% | −20.8% | −26% / +45% |
| CMCOM.ASCM.com N.V. | 192.5 m | — | -22.2% | -1.5% | −5.4% | +23% / −30% |
1- and 3-year price returns: for ASML.AS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 906.08 Total return -34% · Per year -34% | 1,594.57 Total return 16% · Per year 16% | 2,391.85 Total return 73% · Per year 73% |
| 3 years | 1,074.76 Total return -21% · Per year -8% | 2,108.82 Total return 54% · Per year 16% | 3,444.27 Total return 151% · Per year 36% |
| 5 years | 1,274.83 Total return -5% · Per year -1% | 2,788.91 Total return 105% · Per year 15% | 4,959.75 Total return 263% · Per year 29% |
- Exit P/E± 527.20
- Net margin± 369.04
- Annual revenue growth± 275.24
- Annual dilution± 31.01
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
ASML designs and manufactures lithography systems used to make microchips and is the sole supplier of leading-edge EUV tools. The company closed 2025 with net sales of €32.7 billion 1, and demand driven by artificial intelligence keeps its role central to the industry.
SWOT
Strengths
- The company is the only maker of leading-edge EUV systems and offers a holistic portfolio of lithography, software and services 1.
- Sustained investment in research and development supports innovation, and customer demand is strong in advanced segments 1.
- The company has a consolidated customer base and high customer satisfaction, with a solid order backlog at the end of 2025 1.
Weaknesses
- Revenue depends on a relatively small number of large customers, and a delay in one major project could weigh on quarterly results 1.
- Leading-edge systems are costly and the sales cycle can be long, which makes revenue harder to forecast 1.
- Reliance on a complex supply chain and specialised suppliers exposes the company to disruption 1.
Opportunities
- Demand for artificial intelligence could expand customer capacity and raise the need for advanced lithography 1.
- Advanced packaging and 3D integration open new market segments for the company's systems 1.
- The partnership with Mistral AI could accelerate product development and improve operational efficiency 1.
Threats
- Export restrictions and government controls could limit sales to certain markets, and rules can change quickly 1.
- Trade tensions and restrictions on raw materials such as rare earths could disrupt production 1.
- The cyclicality of the semiconductor industry could lead to a rapid drop in demand if customer investment slows 1.
Risks
- Export controlshigh
Changes to export rules in the Netherlands, the EU and the US could affect the volume, mix and timing of deliveries 1.
- Rare earth restrictionsmedium
China's rare earth rules could affect the supply of magnets used in systems, although mitigation measures are already in place 1.
- Demand cyclicalitymedium
Customer investment can be volatile, and a slowdown in demand for AI or chips could reduce orders 1.
- Supplier dependencemedium
The supply chain includes many suppliers, and problems at a critical supplier could delay deliveries 1.
- Geopolitical tensionlow
Geopolitical uncertainty can affect relations with customers in certain regions and the company's expansion plans 1.
Investment thesis
What would need to be true (bull case)
- If AI-driven demand holds, ASML could benefit from sustained growth in orders for advanced lithography 1.
- Its dominant position in EUV and a solid order backlog could support revenue visibility over the medium term 1.
- If High NA EUV reaches high-volume manufacturing, the company could enter a new growth phase 1.
What would break the thesis
- Export restrictions could reduce access to certain markets, and the effect on sales could be significant 1.
- The semiconductor industry is cyclical, and a cut in customer investment could quickly hit orders and margins 1.
- If the cost of advanced systems does not fall enough, customers could postpone purchases or look for alternatives 1.
What to watch
- Development of orders and backlog compared with the level at the end of 2025Q1 2027
- Impact of export rules and the suspension of restrictions due in November 20262027
- Pace of High NA EUV adoption in volume manufacturingnext 10-K
- Evolution of memory prices and customers' capacity build-up2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
ASML has helped chipmakers since 1984 with holistic lithography solutions, software and services designed to help them achieve the highest yields and performance 1. The stated purpose is unlocking the potential of people and society by pushing technology to new limits 1. In 2025 the company spent €4.7 billion on research and development and reported a gross margin of 52.8% 1.
Segments
Market context
The semiconductor market grew by more than 20% in 2025, driven mainly by AI server demand that exceeded supply 1. The company expects a 9% CAGR between 2025 and 2030, with a market that could surpass one trillion dollars by 2030 1.
Stronger demand for advanced Logic and DRAM favours ASML, since these segments are more lithography-intensive 1. Global wafer capacity growth could average 780 thousand wafer starts per month per year through 2030 1.
Trends
- AI-driven demandtailwind
Artificial intelligence has boosted demand for GPU chips and HBM memory, and the company expects this to continue 1. If DRAM and Logic integrate in new architectures, demand for advanced lithography could rise further 1.
- Wafer bondingtailwind
Wafer bonding enables 3D integration and more compact, energy-efficient chips, and ASML lithography systems provide the precision it requires 1. Adoption of this technique is rising across the industry 1.
- Export controls and geopoliticsheadwind
The Netherlands, the EU and the US have extended export controls, which could affect the volume, mix and timing of sales 1. China's rare earth rules are suspended until November 2026, but uncertainty remains 1.
- Memory prices and capacitymixed
Memory prices reached levels not seen in at least a decade, while capacity additions have been moderate since the 2023 correction 1. This combination could support industry revenue, though cyclicality remains a factor 1.
Competitive position
ASML holds a dominant position in EUV lithography, where direct competition is very limited, according to its annual report 1. Competition is more visible in DUV systems and emerging technologies such as multibeam electron lithography, where the company has stepped up its efforts 1.
Customers are chipmakers producing in integrated device manufacturers or foundries, and equipment choices depend on productivity, cost and technical support 1. The company aims to build long-term relationships with these customers 1.
- Canon
Lithography equipment supplier that may compete in some DUV segments, based on general industry context rather than the source provided.
- Nikon
Lithography equipment maker active mainly in more mature segments, without quantitative detail in the source provided.
- Applied MaterialsAMAT
Chip equipment supplier active in areas adjacent to lithography, without figures in the source provided.
- Lam ResearchLRCX
Wafer processing equipment supplier that may compete indirectly for customer capital budgets.
News & filings
In the press
- Besi says ASML is not hybrid bonding rival as AI demand drives ordersCNA (Channel NewsAsia) · 22 Oct 2026 · EN
- Besi shares fall on report ASML is working on rival hybrid bonding productCNA (Channel NewsAsia) · 16 Oct 2026 · EN
- ASML explores capacity expansion beyond 30% increase for 2028CGTN — World · 15 Oct 2026 · EN
- ASML Up on Supply Plans; BlackRock Reports Earnings | Stock MoversBloomberg Markets · 14 Oct 2026 · EN
- ASML's strong orders ease fears AI spending boom is running out of steamHacker News · 14 Oct 2026 · EN
- Cea mai valoroasă companie din Europa are o problemă pe care şi-ar dori-o orice producător: ASML primeşte atât de multe comenzi încât capacitatea sa de producţie nu va mai face faţă cererii până în 2028Ziarul Financiar · 14 Oct 2026 · RO
- Cea mai valoroasă companie din Europa are o problemă pe care şi-ar dori-o orice producător: Datorită exploziei AI, ASML primeşte atât de multe comenzi încât capacitatea sa de producţie nu va mai face faţă cererii cel puţin până în 2028Ziarul Financiar · 14 Oct 2026 · RO
- Aramco Headquarters Attacked, ASML Struggles to Keep Up with DemandBloomberg Markets · 14 Oct 2026 · EN
- Chip bellwether ASML says customers are already asking to place orders — for 2030MarketWatch — Top Stories · 14 Oct 2026 · EN
- ASML says it's getting order interest through 2030 as profit smashes expectationsCNBC — Top News · 14 Oct 2026 · EN
- Chip tool giant ASML nudges up outlook as AI-driven demand outruns supplyCNA (Channel NewsAsia) · 14 Oct 2026 · EN
- ASML forecasts Q4 sales above expectations on AI chip demandCNA (Channel NewsAsia) · 14 Oct 2026 · EN
- ASML will be unable to meet AI-driven customer demand in 2027, 2028CNA (Channel NewsAsia) · 14 Oct 2026 · EN
- ASML, Zeiss say next-generation chipmaking technology may be ready in 10 yearsCNA (Channel NewsAsia) · 08 Oct 2026 · EN
- „Efectul Anthropic” influențează Europa: de ce planurile companiei au urmări asupra ASML și Infineon? - XTB.comSurge — Google News · 29 Sept 2026 · RO
- ASML says it sold 'absolutely nothing' in Europe in 2026Hacker News · 25 Sept 2026 · EN
- ASML currently sells no chipmaking machines in Europe, executive saysHacker News · 23 Sept 2026 · EN
- Cea mai mare companie din Europa (ASML) nu vinde nimic în Europa. Bloomberg: „Dovada incapacității UE de a ține pasul cu investițiile globale în semiconductori”CursDeGuvernare.ro · 23 Sept 2026 · RO
- ASML vs. Intel: Which AI Chip Stock Is a Better Buy in 2026?Yahoo Finance — News · 22 Sept 2026 · EN
- ASML (ASML) and Chip Giants like TSMC Plot a Bigger Canvas for Building AI ChipsYahoo Finance — News · 20 Sept 2026 · EN
Annual reports (ESEF)
- Annual report 202504 Mar 2026
- Annual report 202504 Mar 2026
- Annual report 202406 Mar 2025
- Annual report 202406 Mar 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / ASML Holding N.V. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.