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ASML · NasdaqGS

ASML Holding N.V.

Semiconductor Equipment & Materials · Netherlands

USD 1.53K1.8% daily changeQuote 2026-11-11 · USD
Market cap (USD)
US$591.39B
Trailing P/E
37.76x
Forward P/E
24.20x
Quarterly revenue growth
55.2%
Trailing net margin
34.1%
Indicated dividend yield
0.6%

Snapshot 2026-11-11 · Latest financial period 2026-09-27 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2027-01-27 (provider estimate; issuer confirmation unavailable here).

Company background

ASML Holding N.V. provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. The company offers lithography, metrology, and inspection systems. It also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography systems solutions to manufacture various range of semiconductor nodes and technologies. In addition, the company offers metrology and inspection systems, including YieldStar optical metrology systems, a diffraction-based wafer metrology platform to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, it provides computational lithography solutions, and lithography systems and control software solutions; and refurbishes and upgrades lithography systems, as well as offers customer support and related services. Additionally, the company offers hardware, software, and services to chipmakers to produce the patterns of integrated circuits. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.

Company website

Q3 2026

Go beyond the headline.

ASML Stock: Cash Surged, But How Much Can Repeat? — Q3 2026

Published 2026-10-14

Full video on YouTube
Listen to This Report

Short takes Q3 2026

ASML Stock: Cash Surge Has a Catch — Q3 2026 #Shorts Watch Short on YouTube

Q3 2026 REPORT HIGHLIGHTS

What’s changed for ASML

ASML Q3 2026: a stronger operating quarter, advance-funded cash and a HOLD at $1,650 fair value; three valuation routes, scenarios and dated checkpoints.

  1. The operating ramp is real.

    Sales rose 55.2% and operating income more than doubled; the improvement survives removing the investment gain.

  2. Surging cash is not all repeatable.

    Working capital supplied €7.009B, or 59.4% of operating cash; future delivery obligations matter.

  3. Upgrades drove margin strength.

    Service and field-option sales reached €3.289B; gross margin exceeded the previous guidance ceiling.

  4. The stock already prices growth.

    Our 2027 earnings route supports about $1,650, close to the pre-release quotation rather than far above it.

  5. HOLD, with measurable checkpoints.

    Watch Q4 revenue of €14.2–15.2B, gross margin near 57% and cash conversion after timing effects.

See the evidence in the full report Watch the analysis

Comparable businesses

ASML peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricASMLASML Holding N.V.Snapshot 2026-11-11Financial period: 2026-09-27AMATApplied Materials, Inc.Snapshot 2026-11-11Financial period: 2026-07-26LRCXLam Research CorporationSnapshot 2026-11-11Financial period: 2026-09-27Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$591.39BUS$313.53BUS$294.65BUS$304.09Bn=2
Forward P/EProvider forward earnings estimate24.20x21.22x19.28x20.25xn=2
EV / EBITDAEnterprise value / trailing EBITDA—28.93x27.09x28.01xn=2
Revenue growthLatest quarter vs prior-year quarter55.2%24.8%54.4%39.6%n=2
Operating marginLatest reported quarter38.6%31.2%37.0%34.1%n=2
Free cash flow yieldTrailing cash flow / market cap—1.0%1.5%1.3%n=2
Net debt / EBITDANet debt / trailing EBITDA-0.67x-0.19x-0.37x-0.28xn=2
Debt / equityTotal debt / positive book equity0.09x0.29x0.27x0.28xn=2
Trailing P/ETrailing twelve-month earnings37.76x34.09x35.15x34.62xn=2
Price / bookPrice / positive book equity per share1,317.53x12.23x21.19x16.71xn=2
EV / salesEnterprise value / trailing revenue—9.53x10.49x10.01xn=2
Earnings growthLatest quarter vs prior-year quarter135.9%42.8%76.6%59.7%n=2
Gross marginTrailing twelve months54.3%49.4%51.1%50.2%n=2
Net marginTrailing twelve months34.1%30.1%32.3%31.2%n=2
Return on equityProvider trailing return; positive equity only65.6%41.1%70.1%55.6%n=2
Free cash flow marginTrailing free cash flow / revenue26.3%10.0%17.4%13.7%n=2
Dividend yieldIndicated annual dividend / price0.6%0.5%0.6%0.5%n=2
Earnings payoutProvider trailing dividend payout22.3%16.5%16.5%16.5%n=2
Current ratioCurrent assets / current liabilities1.49x2.42x2.48x2.45xn=2
BetaProvider historical market sensitivity1.331.672.011.84n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for ASML

All available reporting periods
Q3 20262026-10-14

ASML Stock: Cash Surged, But How Much Can Repeat? — Q3 2026

Presentation · 2026-10-14 · YouTube

SpotifyPodbean

Short takes Q3 2026

ASML Stock: Cash Surge Has a Catch — Q3 2026 #Shorts Watch Short on YouTube
Q2 20262026-07-16

ASML Stock: It Beat, It Raised — And the Stock Fell. Buy the Monopoly?

Presentation · 2026-07-16 · YouTube

PodbeanApple Podcasts

Short takes Q2 2026

It Beat, It Raised — And the Stock Fell #ASML #AI #semiconductors Watch Short on YouTube

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.