Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 10 Apr, 26 | ASML | Buy | USD 1448.64 | USD 1530.0 | USD 1600.0 | 27 days | Closed |
7.00%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
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.
Order Book Strengthening: Net bookings €28.0 billion in FY25 vs €18.9 billion in FY24
Net Income Growth: Net income €9.6 billion in FY25 vs €7.6 billion in FY24
Increased Capital Outflows in Investing Activities: Net cash used in investing activities €3.78 billion in FY25 vs €2.61 billion in FY24
Rising R&D Expenditure: R&D costs €4.7 billion in FY25 vs €4.3 billion in FY24
ASML’s performance remains highly sensitive to semiconductor demand cycles, customer capital expenditure trends, geopolitical/export restrictions, and the execution risks associated with scaling advanced EUV technologies
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 1448.64 | 1300.0 | 1530.0 | 1600.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Record Revenue Growth Supported by AI Demand: ASML delivered a strong financial performance in FY25, with total net sales increasing to €32.7 billion, reflecting robust demand across semiconductor markets, particularly driven by artificial intelligence applications. The company benefited from sustained investments by customers in advanced nodes and capacity expansion, reinforcing its position as a critical enabler of next-generation chip manufacturing.
Profitability Expansion and Margin Stability: The company maintained strong profitability, reporting a gross margin of 52.8% and net income of €9.6 billion in FY25. Operating income rose to €11.3 billion, with operating margins improving to 34.6%, reflecting effective cost management and a favorable product mix skewed toward high-value EUV systems. Earnings per share increased to €24.73, highlighting enhanced shareholder value creation.
EUV Segment Driving High-Value Growth: EUV lithography remained a key growth driver, with system sales rising 39% to €11.6 billion and 48 systems recognized in revenue. The successful commercialization of advanced systems, including High NA tools, further strengthened ASML’s leadership in cutting-edge semiconductor manufacturing technologies and supported higher revenue realization.
Mixed Performance in DUV Business: While EUV saw strong momentum, DUV system sales declined 6% to €12.0 billion, reflecting variability in mature-node demand and customer investment cycles. However, continued shipments and innovation, including entry into 3D integration markets, demonstrate the segment’s ongoing strategic relevance despite near-term moderation.
Growth in Installed Base and Services Revenue: Installed Base Management revenue increased 26% to €8.2 billion, driven by higher service demand and upgrade activity. This recurring revenue stream highlights ASML’s expanding installed base and growing reliance of customers on maintenance, optimization, and productivity enhancements, supporting revenue visibility and margin stability.
Strong Order Intake and Backlog Visibility: ASML recorded robust net bookings of €28.0 billion in FY25, with a significant contribution from EUV orders, leading to an expanded backlog of €38.8 billion. This provides strong revenue visibility for future periods and reflects improving customer sentiment, particularly around AI-driven capacity expansion.
Capital Allocation and Strategic Investments: The company returned €8.5 billion to shareholders through dividends and share buybacks, alongside announcing a new €12 billion buyback program. Additionally, ASML invested €1.3 billion in Mistral AI to strengthen its technological capabilities, underlining its focus on innovation and long-term growth in AI-enabled semiconductor ecosystems.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to ASML Holding N.V. (NASDAQ: ASML) at the closing market price of USD 1,448.64, as on April 09, 2026
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Semiconductor Equipment & Materials
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ASML ASML Holding NV ADR |
62.72 3.61% | 1801.74 | 48.54 | 41.49 | 17.21 | 23.21 | 14.06 | 36.48 |
| ASMLF ASML Holding NV |
74.94 4.33% | 1806.43 | 48.31 | 41.32 | 16.88 | 23.07 | 14.07 | 36.51 |
| AMAT Applied Materials Inc |
38.43 7.31% | 564.13 | 40.44 | 36.23 | 11.09 | 14.41 | 11.04 | 30.52 |
| ADTTF Advantest Corporation |
- -% | 174.30 | 78.05 | 44.84 | 0.12 | 29.94 | 19.93 | 49.55 |
| ATEYY Advantest Corp DRC |
14.83 8.60% | 187.20 | 77.53 | 44.44 | 0.12 | 29.66 | 19.86 | 49.36 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on April 10, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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