ASML
ASML Holding N.V.

ASML Holding N.V.ASML

Technology · Semiconductor Equipment & Materials
1424.75USD
+5.02%
Nov 08, 2026
ASML overview ready
Supplier of advanced lithography systems enabling AI chip manufacturing
ASML is the critical lithography-equipment bottleneck for leading-edge logic and memory production, supplying EUV, High-NA EUV, DUV, metrology and related installed-base services to chip manufacturers expanding capacity for AI accelerators and high-bandwidth memory.
Primary theme is lagging
Wafer Fab Equipment is lagging (-27.1pp vs SPY over 21 sessions; 0 of 7 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
ASML Holding N.V.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Dependence on semiconductor capital expenditure cycles.
Market Nov 6Price action Nov 7Research Sep 28

Conviction Level

PriceAction3.4BusinessPerformance—BusinessQuality—Valuation6.4ThemeMomentum1.0Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−27.1pp
Theme return
−32.1%
Beating SPY
0 of 7
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$549.1B
Avg Volume (60D)
1.5M
60 sessions
Revenue Growth YoY
+29.0%
Trailing twelve months
Gross Margin
+54.3%
Trailing twelve months
Operating Margin
+38.5%
Trailing twelve months
Distance from 200DMA
-10.7%
Next Earnings
2027-01-27
P/E
35.1x
EV / Sales
11.7x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

Fundamentals & Valuation

ASML Holding N.V. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced. It trades at 12.9x revenue, broadly in line with what the business currently supports.

Company Research

Thesis
ASML is the critical lithography-equipment bottleneck for leading-edge logic and memory production, supplying EUV, High-NA EUV, DUV, metrology and related installed-base services to chip manufacturers expanding capacity for AI accelerators and high-bandwidth memory.
Opportunity
Moderate opportunity
Capital spending by leading-edge logic and memory manufacturers on lithography, deposition, etch, inspection and process-control equipment needed to expand advanced-node and AI-memory capacity.
Key risk
Dependence on semiconductor capital expenditure cycles.

Economic classification

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Business & Markets

Technology · Semiconductor Equipment & Materials
What they do

ASML designs, manufactures, and services advanced lithography systems used in semiconductor manufacturing, enabling chipmakers to produce smaller, more complex semiconductor nodes.

How it earns

Primarily transactional sales of lithography equipment and related services, including upgrades and maintenance.

Products & services
Extreme Ultraviolet (EUV) lithography systems
Deep Ultraviolet (DUV) lithography systems
Metrology and inspection systems
Customers & end markets
Leading-edge semiconductor logic manufacturers
Advanced memory chip producers
Market position

Market leader and critical supplier of advanced lithography equipment for semiconductor fabrication.

Demand drivers
High cyclicality

Demand is closely tied to semiconductor capital expenditure cycles and technology node transitions.

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